Axis Bank Wakad Washim Maharashtra MICR CODE

Find MICR Codes for Axis Bank Wakad Washim Maharashtra

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MICR Code	411211031
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Wakad
Contact	9860230105
Bank Details	Axis Bank Wakad UTIB0001893

Location	Wakad, Washim
City	Wakad
District	Washim
State	Maharashtra
Pincode	411057
Country	IN
Address	Ground floor, g o square, survey no.249(p), 240(p), 251(p), hinjewadi road, wakad, pune, maharashtra, pin 411057

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 411211031 for Wakad 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 411211031 of Axis Bank, Wakad branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Wakad 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 -

>>Wakad

MICR code for Axis Bank Wakad

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 Wakad 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. 411211031 is the MICR code of Axis Bank for Wakad branch. MICR code for Wakad 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 Wakad is presented in the table alongside.

Use of Axis Bank MICR code for Wakad branch in wakad

The MICR code 411211031 is used in RBI cheque clearing process to identify the branch Wakad 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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