Axis Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Axis Bank Mumbai Mumbai Maharashtra

MICR Code: 400211002
Bank: Axis Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Mumbai Branch
Contact: 022-22835782/84/86
Bank Details: Axis Bank Mumbai Branch UTIB0000004
Location: Mumbai, Mumbai
City: Mumbai
District: Mumbai
State: Maharashtra
Pincode: 400001
Country: IN
Address: Universal Insurance Building,Ground Floor Sir P M Road, Fort,Maharashtra,400001
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 400211002 for Mumbai Branch 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 400211002 of Axis Bank, Mumbai Branch branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Mumbai Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 83 branches of Axis Bank are available with micr code -

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MICR code for Axis Bank Mumbai Branch

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 Mumbai Branch 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. 400211002 is the MICR code of Axis Bank for Mumbai Branch branch. MICR code for Mumbai Branch 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 Mumbai Branch is presented in the table alongside.

Use of Axis Bank MICR code for Mumbai Branch branch in mumbai

The MICR code 400211002 is used in RBI cheque clearing process to identify the branch Mumbai Branch 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.