Axis Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Axis Bank Mumbai Greater Bombay Maharashtra

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vile Parle (West)
Contact 9967673689
Bank Details Axis Bank Vile Parle (West) UTIB0001702
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400056
Country IN
Address Shop no 1&2, sangam arcade, valabh bhai patel road, opp vileparle station, mumbai, maharashtra, pin 400056
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 400211112 for Vile Parle (West) branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 400211112 of Axis Bank, Vile Parle (West) branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Vile Parle (West) branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Vile Parle (West)

Axis Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Axis Bank MICR code for Vile Parle (West) is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 400211112 is the MICR code of Axis Bank for Vile Parle (West) branch. MICR code for Vile Parle (West) branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Axis Bank Vile Parle (West) is presented in the table alongside.

Use of Axis Bank MICR code for Vile Parle (West) branch in mumbai

The MICR code 400211112 is used in RBI cheque clearing process to identify the branch Vile Parle (West) and Axis Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Axis Bank is typically in either of these two font’s: E-138 and CMC-7.

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