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 Kondhwa
Contact 1801035577
Bank Details Axis Bank Kondhwa UTIB0002904
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411048
Country IN
Address Madhav bhavan gr flr survey no 71 kondhwanibm road kondhwa 411048
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 411211045 for Kondhwa 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 411211045 of Axis Bank, Kondhwa branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Kondhwa branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Kondhwa

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 Kondhwa 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. 411211045 is the MICR code of Axis Bank for Kondhwa branch. MICR code for Kondhwa 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 Kondhwa is presented in the table alongside.

Use of Axis Bank MICR code for Kondhwa branch in pune

The MICR code 411211045 is used in RBI cheque clearing process to identify the branch Kondhwa 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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