Axis Bank Thane Mumbai Maharashtra MICR CODE

Find MICR Codes for Axis Bank Thane Mumbai Maharashtra

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Wagleestatethane
Contact 9920012005
Bank Details Axis Bank Wagleestatethane UTIB0004047
Location Thane, Mumbai
City Thane
District Mumbai
State Maharashtra
Pincode 400080
Country IN
Address Gr flr shop no 7 8 accel house plot no a 125 a 126 and a 125 rd no 22 midc wagle estate thane 421605
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 400211190 for Wagleestatethane 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 400211190 of Axis Bank, Wagleestatethane branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Wagleestatethane branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Axis Bank are available with micr code -

>>Kashimira Road >>Wagleestatethane

MICR code for Axis Bank Wagleestatethane

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 Wagleestatethane 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. 400211190 is the MICR code of Axis Bank for Wagleestatethane branch. MICR code for Wagleestatethane 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 Wagleestatethane is presented in the table alongside.

Use of Axis Bank MICR code for Wagleestatethane branch in thane

The MICR code 400211190 is used in RBI cheque clearing process to identify the branch Wagleestatethane 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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