Axis Bank Ahmednagar Ahmadnagar Maharashtra MICR CODE

Find MICR Codes for Axis Bank Ahmednagar Ahmadnagar Maharashtra

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MICR Code	-NA-
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Gulmohar Road Savedi
Contact	241-9552535088
Bank Details	Axis Bank Gulmohar Road Savedi UTIB0006076

Location	Ahmednagar, Ahmadnagar
City	Ahmednagar
District	Ahmadnagar
State	Maharashtra
Pincode	414001
Country	IN
Address	Ground floor, plot no 16, akolkar plaza near ekvirachowk, gulmohar road, savedi, ahmednagar

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 0 for Gulmohar Road Savedi 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 0 of Axis Bank, Gulmohar Road Savedi branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Gulmohar Road Savedi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Axis Bank are available with micr code -

>>Gulmohar Road Savedi

MICR code for Axis Bank Gulmohar Road Savedi

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 Gulmohar Road Savedi 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. 0 is the MICR code of Axis Bank for Gulmohar Road Savedi branch. MICR code for Gulmohar Road Savedi 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 Gulmohar Road Savedi is presented in the table alongside.

Use of Axis Bank MICR code for Gulmohar Road Savedi branch in ahmednagar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Gulmohar Road Savedi 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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