Axis Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Axis Bank Pune Pune Maharashtra

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Appa Balawant Chowk
Contact 1801035577
Bank Details Axis Bank Appa Balawant Chowk UTIB0002840
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411002
Country IN
Address Mahlaxmi chamber shop no 1013 gr flr budhwar peth appa balwant pune 411002
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 411211043 for Appa Balawant Chowk 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 411211043 of Axis Bank, Appa Balawant Chowk branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Appa Balawant Chowk branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Appa Balawant Chowk

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 Appa Balawant Chowk 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. 411211043 is the MICR code of Axis Bank for Appa Balawant Chowk branch. MICR code for Appa Balawant Chowk 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 Appa Balawant Chowk is presented in the table alongside.

Use of Axis Bank MICR code for Appa Balawant Chowk branch in pune

The MICR code 411211043 is used in RBI cheque clearing process to identify the branch Appa Balawant Chowk 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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