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 Awadhpuri Bhopal
Contact 7554097914
Bank Details Axis Bank Awadhpuri Bhopal UTIB0002663
Location Bhopal, Bhopal
City Bhopal
District Bhopal
State Madhya Pradesh
Pincode 462022
Country IN
Address Ground floor c 1 and c 2 commercial complex awadhpuri phase ii bhopal 462022
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 462211016 for Awadhpuri 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 462211016 of Axis Bank, Awadhpuri Bhopal branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Awadhpuri Bhopal branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Awadhpuri 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 Awadhpuri 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. 462211016 is the MICR code of Axis Bank for Awadhpuri Bhopal branch. MICR code for Awadhpuri 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 Awadhpuri Bhopal is presented in the table alongside.

Use of Axis Bank MICR code for Awadhpuri Bhopal branch in bhopal

The MICR code 462211016 is used in RBI cheque clearing process to identify the branch Awadhpuri 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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