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 Bund Garden Road Branch Pune
Contact 411001
Bank Details Axis Bank Bund Garden Road Branch Pune UTIB0000073
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411001
Country IN
Address Ashoka galaxy, plot no 1, galaxy society dhole patil road,bundgarden
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 411211003 for Bund Garden Road Branch Pune 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 411211003 of Axis Bank, Bund Garden Road Branch Pune branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Bund Garden Road Branch Pune branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Bund Garden Road Branch Pune

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 Bund Garden Road Branch Pune 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. 411211003 is the MICR code of Axis Bank for Bund Garden Road Branch Pune branch. MICR code for Bund Garden Road Branch Pune 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 Bund Garden Road Branch Pune is presented in the table alongside.

Use of Axis Bank MICR code for Bund Garden Road Branch Pune branch in pune

The MICR code 411211003 is used in RBI cheque clearing process to identify the branch Bund Garden Road Branch Pune 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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