Axis Bank Anand Anand Gujarat MICR CODE

Find MICR Codes for Axis Bank Anand Anand Gujarat

Bank
State
District
City
Branch
Address

MICR Code	388804002
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	The Anand Mercantile Co Operative Bank Ltd.
Contact	9898062770 / 02692 - 242812
Bank Details	Axis Bank The Anand Mercantile Co Operative Bank Ltd. UTIB0SAMC01

Location	Anand, Anand
City	Anand
District	Anand
State	Gujarat
Pincode	388001
Country	IN
Address	Borsad chowkadi, anand

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.

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The Anand Mercantile Co Operative Bank Ltd. (388804002)

How does MICR code 388804002 for The Anand Mercantile Co Operative Bank Ltd. 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 388804002 of Axis Bank, The Anand Mercantile Co Operative Bank Ltd. branch makes the system almost error free and faster. Use of Axis Bank MICR codes for The Anand Mercantile Co Operative Bank Ltd. branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of Axis Bank are available with micr code -

>>Anand (Gujarat) >>Bakrol >>Finav >>Grid Chokdi >>Petlad >>The Anand Mercantile Co Operative Bank Ltd. >>The Sardarganj Mercantile Co Op Bank Ltd >>Valandapura

MICR code for Axis Bank The Anand Mercantile Co Operative Bank Ltd.

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 The Anand Mercantile Co Operative Bank Ltd. 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. 388804002 is the MICR code of Axis Bank for The Anand Mercantile Co Operative Bank Ltd. branch. MICR code for The Anand Mercantile Co Operative Bank Ltd. 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 The Anand Mercantile Co Operative Bank Ltd. is presented in the table alongside.

Use of Axis Bank MICR code for The Anand Mercantile Co Operative Bank Ltd. branch in anand

The MICR code 388804002 is used in RBI cheque clearing process to identify the branch The Anand Mercantile Co Operative Bank Ltd. 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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