Axis Bank Patan Yavatmal Maharashtra MICR CODE

Find MICR Codes for Axis Bank Patan Yavatmal Maharashtra

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MICR Code	-NA-
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Yavatmal Dist Central Coop Bank Ltd
Contact
Bank Details	Axis Bank Yavatmal Dist Central Coop Bank Ltd UTIB0SYDC45

Location	Patan, Yavatmal
City	Patan
District	Yavatmal
State	Maharashtra
Pincode	445305
Country	IN
Address	At po patan, tah zari jamani 445305

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 0 for Yavatmal Dist Central Coop Bank Ltd 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 0 of Axis Bank, Yavatmal Dist Central Coop Bank Ltd branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Yavatmal Dist Central Coop Bank Ltd 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 -

>>Yavatmal Dist Central Coop Bank Ltd

MICR code for Axis Bank Yavatmal Dist Central Coop Bank Ltd

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 Yavatmal Dist Central Coop Bank Ltd 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. 0 is the MICR code of Axis Bank for Yavatmal Dist Central Coop Bank Ltd branch. MICR code for Yavatmal Dist Central Coop Bank Ltd 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 Yavatmal Dist Central Coop Bank Ltd is presented in the table alongside.

Use of Axis Bank MICR code for Yavatmal Dist Central Coop Bank Ltd branch in patan

The MICR code 0 is used in RBI cheque clearing process to identify the branch Yavatmal Dist Central Coop Bank Ltd 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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