Axis Bank Bhopal Bhopal Madhya Pradesh MICR CODE

Find MICR Codes for Axis Bank Bhopal Bhopal Madhya Pradesh

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ashoka Garden Bhopal
Contact 9893502664
Bank Details Axis Bank Ashoka Garden Bhopal UTIB0003154
Location Bhopal, Bhopal
City Bhopal
District Bhopal
State Madhya Pradesh
Pincode 462023
Country IN
Address Ground floor plot no 4a old ashoka garden raisenroad district bhopal 462023
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 462211021 for Ashoka Garden Bhopal 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 462211021 of Axis Bank, Ashoka Garden Bhopal branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Ashoka Garden Bhopal branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Ashoka Garden Bhopal

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 Ashoka Garden Bhopal 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. 462211021 is the MICR code of Axis Bank for Ashoka Garden Bhopal branch. MICR code for Ashoka Garden Bhopal 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 Ashoka Garden Bhopal is presented in the table alongside.

Use of Axis Bank MICR code for Ashoka Garden Bhopal branch in bhopal

The MICR code 462211021 is used in RBI cheque clearing process to identify the branch Ashoka Garden Bhopal 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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