Axis Bank Shahada Nandurbar Maharashtra MICR CODE

Find MICR Codes for Axis Bank Shahada Nandurbar Maharashtra

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shahada
Contact 8002335577
Bank Details Axis Bank Shahada UTIB0002833
Location Shahada, Nandurbar
City Shahada
District Nandurbar
State Maharashtra
Pincode 425409
Country IN
Address Gr fl gala no 1 to 5 govind plaza govinda nagar dondaicha rd nr sapta shringi mandir shahada 425409
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 425211302 for Shahada 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 425211302 of Axis Bank, Shahada branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Shahada 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 -

>>Shahada >>The Moti Urban Co Op Bank Ltd

MICR code for Axis Bank Shahada

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 Shahada 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. 425211302 is the MICR code of Axis Bank for Shahada branch. MICR code for Shahada 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 Shahada is presented in the table alongside.

Use of Axis Bank MICR code for Shahada branch in shahada

The MICR code 425211302 is used in RBI cheque clearing process to identify the branch Shahada 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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