MICR Code Bank
Find MICR code for Axis Bank Nashik branches in India for NEFT and RTGS transfer

Axis Bank Nashik MICR CODE

Find MICR Codes for Axis Bank Nashik

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  1. Axis Bank »
  2. Maharashtra »
  3. nashik »
  4. nashik »
  5. nashik (maharastra)

Find MICR Codes for Axis Bank Nashik

MICR Code: 422211002
Bank: Axis Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Nashik (Maharastra)
Contact: 422002
Bank Details: Axis Bank Nashik (Maharastra) UTIB0000115
Location: Nashik, Nashik
City: Nashik
District: Nashik
State: Maharashtra
Pincode: 422002
Country: IN
Address: Malpani pride,new pandit colony, off sharanpur road

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

MICR code for Axis Bank nashik

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

Use of Axis Bank MICR code for nashik branch in nashik

The MICR code is used in RBI cheque clearing process to identify the branch nashik 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.