Axis Bank Taroda Khurd Nanded Maharashtra MICR CODE

Find MICR Codes for Axis Bank Taroda Khurd Nanded Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	431211102
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Taroda Naka Nanded
Contact	(02462) 261200/1 (02462) 260100
Bank Details	Axis Bank Taroda Naka Nanded UTIB0001371

Location	Taroda Khurd, Nanded
City	Taroda Khurd
District	Nanded
State	Maharashtra
Pincode	431605
Country	IN
Address	Ground floor, millennium tower - b,nanded malegaon road, near taroda naka, nanded,maharashtra , pin 431605.

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 431211102 for Taroda Naka Nanded 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 431211102 of Axis Bank, Taroda Naka Nanded branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Taroda Naka Nanded 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 -

>>Taroda Naka Nanded

MICR code for Axis Bank Taroda Naka Nanded

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 Taroda Naka Nanded 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. 431211102 is the MICR code of Axis Bank for Taroda Naka Nanded branch. MICR code for Taroda Naka Nanded 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 Taroda Naka Nanded is presented in the table alongside.

Use of Axis Bank MICR code for Taroda Naka Nanded branch in taroda khurd

The MICR code 431211102 is used in RBI cheque clearing process to identify the branch Taroda Naka Nanded 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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