Axis Bank Bhandara Nagpur Maharashtra MICR CODE

Find MICR Codes for Axis Bank Bhandara Nagpur 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	Lakhani
Contact	72186-8668684905
Bank Details	Axis Bank Lakhani UTIB0005960

Location	Bhandara, Nagpur
City	Bhandara
District	Nagpur
State	Maharashtra
Pincode	441905
Country	IN
Address	Ground floor, plot no 267, kh no 397 beside sai mandir mouza murmadisa, tehsil lakhani

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 Lakhani 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, Lakhani branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Lakhani 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 -

>>Lakhani

MICR code for Axis Bank Lakhani

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 Lakhani 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 Lakhani branch. MICR code for Lakhani 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 Lakhani is presented in the table alongside.

Use of Axis Bank MICR code for Lakhani branch in bhandara

The MICR code 0 is used in RBI cheque clearing process to identify the branch Lakhani 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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