Axis Bank Coimbatore Coimbatore Tamil Nadu MICR CODE

Find MICR Codes for Axis Bank Coimbatore Coimbatore Tamil Nadu

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mwbc Coimbatore
Contact 91-9994999434
Bank Details Axis Bank Mwbc Coimbatore UTIB0006300
Location Coimbatore, Coimbatore
City Coimbatore
District Coimbatore
State Tamil Nadu
Pincode 641037
Country IN
Address No 1139, 2nd floor, sabtharang building, avinashi road, papanaickenpalayam p o, coimbatore
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 Mwbc Coimbatore 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, Mwbc Coimbatore branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Mwbc Coimbatore branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Mwbc Coimbatore

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 Mwbc Coimbatore 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 Mwbc Coimbatore branch. MICR code for Mwbc Coimbatore 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 Mwbc Coimbatore is presented in the table alongside.

Use of Axis Bank MICR code for Mwbc Coimbatore branch in coimbatore

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