Axis Bank Khargone Khargone Madhya Pradesh MICR CODE

Find MICR Codes for Axis Bank Khargone Khargone Madhya Pradesh

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MICR Code	451211599
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Axis Bank Selda
Contact	9171390771
Bank Details	Axis Bank Axis Bank Selda UTIB0003461

Location	Khargone, Khargone
City	Khargone
District	Khargone
State	Madhya Pradesh
Pincode	451001
Country	IN
Address	Axis bank ltd selda near gram panchayat office selda balabad tehsil sanawad 451113

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 451211599 for Axis Bank Selda 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 451211599 of Axis Bank, Axis Bank Selda branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Axis Bank Selda branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Axis Bank are available with micr code -

>>Axis Bank Selda

MICR code for Axis Bank Axis Bank Selda

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 Axis Bank Selda 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. 451211599 is the MICR code of Axis Bank for Axis Bank Selda branch. MICR code for Axis Bank Selda 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 Axis Bank Selda is presented in the table alongside.

Use of Axis Bank MICR code for Axis Bank Selda branch in khargone

The MICR code 451211599 is used in RBI cheque clearing process to identify the branch Axis Bank Selda 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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