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Axis Bank Bhid Bid Maharashtra MICR CODE

Find MICR Codes for Axis Bank Bhid Bid Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	431855302
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Beed District Central Co Op Bank Ltd.
Contact	02442 - 222335, 222539, 222466,222587,223427
Bank Details	Axis Bank Beed District Central Co Op Bank Ltd. UTIB0SBDCC1

Location	Bhid, Bid
City	Bhid
District	Bid
State	Maharashtra
Pincode	431122
Country	IN
Address	Rajurives p.b no 12, beed 431122 maharashtra

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.

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Beed District Central Co Op Bank Ltd. (431855302)

How does MICR code 431855302 for Beed District Central Co Op 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 431855302 of Axis Bank, Beed District Central Co Op Bank Ltd. branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Beed District Central Co Op Bank Ltd. 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 -

>>Beed >>Beed District Central Co Op Bank Ltd.

MICR code for Axis Bank Beed District Central Co Op 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 Beed District Central Co Op 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. 431855302 is the MICR code of Axis Bank for Beed District Central Co Op Bank Ltd. branch. MICR code for Beed District Central Co Op 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 Beed District Central Co Op Bank Ltd. is presented in the table alongside.

Use of Axis Bank MICR code for Beed District Central Co Op Bank Ltd. branch in bhid

The MICR code 431855302 is used in RBI cheque clearing process to identify the branch Beed District Central Co Op 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.