Axis Bank Nashik Nasik Maharashtra MICR CODE

Find MICR Codes for Axis Bank Nashik Nasik Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	422211011
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mahatma Nagar
Contact	2353261
Bank Details	Axis Bank Mahatma Nagar UTIB0002657

Location	Nashik, Nasik
City	Nashik
District	Nasik
State	Maharashtra
Pincode	422007
Country	IN
Address	Gd floor shop no 7 8 and 9 archit royale apartment nashik maharashtra pin 422007

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 422211011 for Mahatma Nagar 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 422211011 of Axis Bank, Mahatma Nagar branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Mahatma Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Axis Bank are available with micr code -

>>Bodhale Nagar >>Gangapur Road Nashik >>Mahatma Nagar >>Nashik (Service Branch) >>Panchvati Nashik

MICR code for Axis Bank Mahatma Nagar

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 Mahatma Nagar 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. 422211011 is the MICR code of Axis Bank for Mahatma Nagar branch. MICR code for Mahatma Nagar 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 Mahatma Nagar is presented in the table alongside.

Use of Axis Bank MICR code for Mahatma Nagar branch in nashik

The MICR code 422211011 is used in RBI cheque clearing process to identify the branch Mahatma Nagar 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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