Axis Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Axis Bank Pune Pune Maharashtra

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Uruli Kanchan
Contact
Bank Details Axis Bank Uruli Kanchan UTIB0004225
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 412202
Country IN
Address Ground floor shop no 2 and 3 bagade imperial gut no 1002 pune solapur highway uruli kanchan 412202
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 Uruli Kanchan 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, Uruli Kanchan branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Uruli Kanchan branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Uruli Kanchan

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 Uruli Kanchan 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 Uruli Kanchan branch. MICR code for Uruli Kanchan 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 Uruli Kanchan is presented in the table alongside.

Use of Axis Bank MICR code for Uruli Kanchan branch in pune

The MICR code 0 is used in RBI cheque clearing process to identify the branch Uruli Kanchan 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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