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Find MICR code for Axis Bank Bicholi Hapsi Indore branches in India for NEFT and RTGS transfer

Axis Bank Bicholi Hapsi Indore MICR CODE

Find MICR Codes for Axis Bank Bicholi Hapsi Indore

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  1. Axis Bank »
  2. Madhya Pradesh »
  3. indore »
  4. indore »
  5. bicholi hapsi indore ( m p )

Find MICR Codes for Axis Bank Bicholi Hapsi Indore

MICR Code: 452211014
Bank: Axis Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Bicholi Hapsi Indore ( M P )
Contact: 9926999569
Bank Details: Axis Bank Bicholi Hapsi Indore ( M P ) UTIB0001934
Location: Indore, Indore
City: Indore
District: Indore
State: Madhya Pradesh
Pincode: 452001
Country: IN
Address: G-2, ground floor, “harsh heritage”, plot no. 7, neer nagar colony, vill bhicholi hapsi, indore (mp) - 452001

How does MICR code for bicholi hapsi indore 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 of Axis Bank, bicholi hapsi indore branch makes the system almost error free and faster. Use of Axis Bank MICR codes for bicholi hapsi indore branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank bicholi hapsi indore

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 bicholi hapsi indore 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. is the MICR code of Axis Bank for bicholi hapsi indore branch. MICR code for bicholi hapsi indore 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 bicholi hapsi indore is presented in the table alongside.

Use of Axis Bank MICR code for bicholi hapsi indore branch in indore

The MICR code is used in RBI cheque clearing process to identify the branch bicholi hapsi indore 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.