Axis Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Axis Bank Mumbai Mumbai Maharashtra

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MICR Code	400211111
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Yogi Nagar
Contact	-
Bank Details	Axis Bank Yogi Nagar UTIB0001703

Location	Mumbai, Mumbai
City	Mumbai
District	Mumbai
State	Maharashtra
Pincode	400092
Country	IN
Address	Ground floor, shop no 4, 5, 7 & 8, trimurti kripa chs, eksar road, jn. Of yoginagar, borivali (w) , mumbai, maharashtra, pin 400092

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 400211111 for Yogi Nagar 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 400211111 of Axis Bank, Yogi Nagar branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Yogi Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 122 branches of Axis Bank are available with micr code -

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MICR code for Axis Bank Yogi Nagar

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 Yogi Nagar 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. 400211111 is the MICR code of Axis Bank for Yogi Nagar branch. MICR code for Yogi Nagar 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 Yogi Nagar is presented in the table alongside.

Use of Axis Bank MICR code for Yogi Nagar branch in mumbai

The MICR code 400211111 is used in RBI cheque clearing process to identify the branch Yogi Nagar 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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