Axis Bank Bina Sagar Madhya Pradesh MICR CODE

Find MICR Codes for Axis Bank Bina Sagar Madhya Pradesh

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MICR Code	470211101
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bina
Contact
Bank Details	Axis Bank Bina UTIB0001439

Location	Bina, Sagar
City	Bina
District	Sagar
State	Madhya Pradesh
Pincode	470113
Country	IN
Address	Ground floor, bilgaiya ward,station road, bina, dist. Sagar,madhya pradesh, pin 470 113.

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 470211101 for Bina 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 470211101 of Axis Bank, Bina branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Bina 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 -

>>Bina

MICR code for Axis Bank Bina

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 Bina 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. 470211101 is the MICR code of Axis Bank for Bina branch. MICR code for Bina 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 Bina is presented in the table alongside.

Use of Axis Bank MICR code for Bina branch in bina

The MICR code 470211101 is used in RBI cheque clearing process to identify the branch Bina 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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