Axis Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Axis Bank Pune Pune Maharashtra

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sahakar Nagar Pune
Contact 411009
Bank Details Axis Bank Sahakar Nagar Pune UTIB0000350
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411009
Country IN
Address A c college of commerce, jalpaiguri pune satara road, sahakar nagar,
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 411211011 for Sahakar Nagar Pune 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 411211011 of Axis Bank, Sahakar Nagar Pune branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Sahakar Nagar Pune branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Sahakar Nagar Pune

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 Sahakar Nagar Pune 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. 411211011 is the MICR code of Axis Bank for Sahakar Nagar Pune branch. MICR code for Sahakar Nagar Pune 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 Sahakar Nagar Pune is presented in the table alongside.

Use of Axis Bank MICR code for Sahakar Nagar Pune branch in pune

The MICR code 411211011 is used in RBI cheque clearing process to identify the branch Sahakar Nagar Pune 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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