Axis Bank Kachchh Nanakapaya Gujarat MICR CODE

Find MICR Codes for Axis Bank Kachchh Nanakapaya Gujarat

Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shaktinagar Mundra
Contact 2835-8264427270
Bank Details Axis Bank Shaktinagar Mundra UTIB0005470
Location Kachchh, Nanakapaya
City Kachchh
District Nanakapaya
State Gujarat
Pincode 370421
Country IN
Address Ground floor, shop no 1, tofil complex, plot no 19, s no 167 or 4 paiki, mirza corner, shaktinagar, taluka mundra, village nanakapaya, dist kutch 370421 gujarat
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 Shaktinagar Mundra 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, Shaktinagar Mundra branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Shaktinagar Mundra branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Axis Bank are available with micr code -

>>Shaktinagar Mundra

MICR code for Axis Bank Shaktinagar Mundra

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 Shaktinagar Mundra 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 Shaktinagar Mundra branch. MICR code for Shaktinagar Mundra 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 Shaktinagar Mundra is presented in the table alongside.

Use of Axis Bank MICR code for Shaktinagar Mundra branch in kachchh

The MICR code 0 is used in RBI cheque clearing process to identify the branch Shaktinagar Mundra 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.