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Axis Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Axis Bank Mumbai Mumbai Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	400211015
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Vashi
Contact	400705
Bank Details	Axis Bank Vashi UTIB0000072

Location	Mumbai, Mumbai
City	Mumbai
District	Mumbai
State	Maharashtra
Pincode	400703
Country	IN
Address	Vardhaman chambers co-op-so plot no 84, sector 17, vashi,

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 400211015 for Vashi 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 400211015 of Axis Bank, Vashi branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Vashi 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 Vashi

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 Vashi 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. 400211015 is the MICR code of Axis Bank for Vashi branch. MICR code for Vashi 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 Vashi is presented in the table alongside.

Use of Axis Bank MICR code for Vashi branch in mumbai

The MICR code 400211015 is used in RBI cheque clearing process to identify the branch Vashi 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.