Axis Bank Yeola Nasik Maharashtra MICR CODE

Find MICR Codes for Axis Bank Yeola Nasik Maharashtra

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MICR Code	423211501
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Yevla
Contact	9860134740 0
Bank Details	Axis Bank Yevla UTIB0001238

Location	Yeola, Nasik
City	Yeola
District	Nasik
State	Maharashtra
Pincode	423401
Country	IN
Address	Ambika bhavan, aurangabad road, taluka yevla, dist. Nashik, nashik

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 423211501 for Yevla 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 423211501 of Axis Bank, Yevla branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Yevla 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 -

>>Janata Sahakri Bank Ltd Yeola >>Yevla

MICR code for Axis Bank Yevla

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 Yevla 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. 423211501 is the MICR code of Axis Bank for Yevla branch. MICR code for Yevla 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 Yevla is presented in the table alongside.

Use of Axis Bank MICR code for Yevla branch in yeola

The MICR code 423211501 is used in RBI cheque clearing process to identify the branch Yevla 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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