Axis Bank Aurangabad Aurangabad Maharashtra MICR CODE

Find MICR Codes for Axis Bank Aurangabad Aurangabad Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	431211009
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Nirala Bazar
Contact	2347501
Bank Details	Axis Bank Nirala Bazar UTIB0003541

Location	Aurangabad, Aurangabad
City	Aurangabad
District	Aurangabad
State	Maharashtra
Pincode	431001
Country	IN
Address	Ground floor, plot no 11 and 8, jaihind colony, nirala bzar, aurangabad

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 431211009 for Nirala Bazar 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 431211009 of Axis Bank, Nirala Bazar branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Nirala Bazar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Axis Bank are available with micr code -

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MICR code for Axis Bank Nirala Bazar

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 Nirala Bazar 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. 431211009 is the MICR code of Axis Bank for Nirala Bazar branch. MICR code for Nirala Bazar 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 Nirala Bazar is presented in the table alongside.

Use of Axis Bank MICR code for Nirala Bazar branch in aurangabad

The MICR code 431211009 is used in RBI cheque clearing process to identify the branch Nirala Bazar 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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