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Axis Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Axis Bank Mumbai Mumbai Maharashtra

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Santacruz (West)
Contact (022) 26630477
Bank Details Axis Bank Santacruz (West) UTIB0000778
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400056
Country IN
Address Dr. Balabhai nanawati hospital s.v. Road, santacruz (west) mumbai 400056, maharashtra
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 400211067 for Santacruz (West) 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 400211067 of Axis Bank, Santacruz (West) branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Santacruz (West) branch, makes the characters readable even if there are other marks and stamps on it.

A total of 120 branches of Axis Bank are available with micr code -

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MICR code for Axis Bank Santacruz (West)

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 Santacruz (West) 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. 400211067 is the MICR code of Axis Bank for Santacruz (West) branch. MICR code for Santacruz (West) 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 Santacruz (West) is presented in the table alongside.

Use of Axis Bank MICR code for Santacruz (West) branch in mumbai

The MICR code 400211067 is used in RBI cheque clearing process to identify the branch Santacruz (West) 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.