Axis Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Axis Bank Mumbai Greater Bombay Maharashtra

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Govandi
Contact 9167000633
Bank Details Axis Bank Govandi UTIB0002933
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400088
Country IN
Address Gr fl indira apartment shop no7a 7b 8b 6b 5b govandi east mumbai 400088
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 400211154 for Govandi 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 400211154 of Axis Bank, Govandi branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Govandi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Govandi

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 Govandi 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. 400211154 is the MICR code of Axis Bank for Govandi branch. MICR code for Govandi 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 Govandi is presented in the table alongside.

Use of Axis Bank MICR code for Govandi branch in mumbai

The MICR code 400211154 is used in RBI cheque clearing process to identify the branch Govandi 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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