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Axis Bank Navi Mumabi Mumbai Maharashtra MICR CODE

Find MICR Codes for Axis Bank Navi Mumabi Mumbai Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	400211167
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Sector Five Nerul East
Contact	9820329943
Bank Details	Axis Bank Sector Five Nerul East UTIB0003335

Location	Navi Mumabi, Mumbai
City	Navi Mumabi
District	Mumbai
State	Maharashtra
Pincode	400706
Country	IN
Address	Gr fl jai bharat shikshan prasarak mandal plot no 78 sector 5 opp army colony nerul east 400706

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 400211167 for Sector Five Nerul East 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 400211167 of Axis Bank, Sector Five Nerul East branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Sector Five Nerul East 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 -

>>Sector Five Nerul East >>Sector Nighteen Airoli

MICR code for Axis Bank Sector Five Nerul East

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 Sector Five Nerul East 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. 400211167 is the MICR code of Axis Bank for Sector Five Nerul East branch. MICR code for Sector Five Nerul East 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 Sector Five Nerul East is presented in the table alongside.

Use of Axis Bank MICR code for Sector Five Nerul East branch in navi mumabi

The MICR code 400211167 is used in RBI cheque clearing process to identify the branch Sector Five Nerul East 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.