Axis Bank Ratnagiri Ratnagiri Maharashtra MICR CODE

Find MICR Codes for Axis Bank Ratnagiri Ratnagiri Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ratnagiri (Maharashtra)
Contact	415612
Bank Details	Axis Bank Ratnagiri (Maharashtra) UTIB0000251

Location	Ratnagiri, Ratnagiri
City	Ratnagiri
District	Ratnagiri
State	Maharashtra
Pincode	415612
Country	IN
Address	Ground floor, hotel vihar deluxe, mal-naka,m.d.naik road,ratnagiri

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

A total of 2 branches of Axis Bank are available with micr code -

>>Ratnagiri (Maharashtra) >>Ratnagiri District Central Co Operative Bank Ltd

MICR code for Axis Bank Ratnagiri (Maharashtra)

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 Ratnagiri (Maharashtra) 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 Ratnagiri (Maharashtra) branch. MICR code for Ratnagiri (Maharashtra) 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 Ratnagiri (Maharashtra) is presented in the table alongside.

Use of Axis Bank MICR code for Ratnagiri (Maharashtra) branch in ratnagiri

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ratnagiri (Maharashtra) 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.

Copied!