Axis Bank Daloda Mandsaur Madhya Pradesh MICR CODE

Find MICR Codes for Axis Bank Daloda Mandsaur Madhya Pradesh

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MICR Code	458211004
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Banikhedi
Contact	7422-9243234663
Bank Details	Axis Bank Banikhedi UTIB0004883

Location	Daloda, Mandsaur
City	Daloda
District	Mandsaur
State	Madhya Pradesh
Pincode	458667
Country	IN
Address	Ground floor and mezz floor, padmini vihar colony village banikhedi tehsil daloda, dist mandsaur, madhya pradesh 458667ã½

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 458211004 for Banikhedi 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 458211004 of Axis Bank, Banikhedi branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Banikhedi 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 -

>>Banikhedi

MICR code for Axis Bank Banikhedi

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 Banikhedi 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. 458211004 is the MICR code of Axis Bank for Banikhedi branch. MICR code for Banikhedi 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 Banikhedi is presented in the table alongside.

Use of Axis Bank MICR code for Banikhedi branch in daloda

The MICR code 458211004 is used in RBI cheque clearing process to identify the branch Banikhedi 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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