Axis Bank Wadi Nagpur Maharashtra MICR CODE

Find MICR Codes for Axis Bank Wadi Nagpur Maharashtra

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MICR Code	440211012
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Wadi
Contact	7350202702
Bank Details	Axis Bank Wadi UTIB0002011

Location	Wadi, Nagpur
City	Wadi
District	Nagpur
State	Maharashtra
Pincode	440023
Country	IN
Address	Ground & first floor, shop/block no 1, 2, 3 & 101, bhojraj complex, nh6 highway, amravati road, wadi, nagpur, maharashtra, pin 440023

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 440211012 for Wadi 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 440211012 of Axis Bank, Wadi branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Wadi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Axis Bank are available with micr code -

>>Wadi

MICR code for Axis Bank Wadi

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 Wadi 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. 440211012 is the MICR code of Axis Bank for Wadi branch. MICR code for Wadi 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 Wadi is presented in the table alongside.

Use of Axis Bank MICR code for Wadi branch in wadi

The MICR code 440211012 is used in RBI cheque clearing process to identify the branch Wadi 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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