Axis Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Axis Bank Mumbai Greater Bombay Maharashtra

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Orlem Malad W
Contact GR FL GROTTO HERITAGE CO OP HSG SOCIETY LTD SHOP 4 5 OPP OUR LADY OF LOURDES CHRORLEM MALAD 400064
Bank Details Axis Bank Orlem Malad W UTIB0003024
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400063
Country IN
Address 9768560931
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 Orlem Malad W 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, Orlem Malad W branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Orlem Malad W branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Orlem Malad W

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 Orlem Malad W 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 Orlem Malad W branch. MICR code for Orlem Malad W 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 Orlem Malad W is presented in the table alongside.

Use of Axis Bank MICR code for Orlem Malad W branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Orlem Malad W 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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