Axis Bank Khurai Sagar Madhya Pradesh MICR CODE

Find MICR Codes for Axis Bank Khurai Sagar Madhya Pradesh

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MICR Code	471211501
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Khurai
Contact	240777
Bank Details	Axis Bank Khurai UTIB0002593

Location	Khurai, Sagar
City	Khurai
District	Sagar
State	Madhya Pradesh
Pincode	470117
Country	IN
Address	Ground floor nehru ward opp pnb sagar pin 470117

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 471211501 for Khurai 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 471211501 of Axis Bank, Khurai branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Khurai 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 -

>>Khurai

MICR code for Axis Bank Khurai

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 Khurai 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. 471211501 is the MICR code of Axis Bank for Khurai branch. MICR code for Khurai 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 Khurai is presented in the table alongside.

Use of Axis Bank MICR code for Khurai branch in khurai

The MICR code 471211501 is used in RBI cheque clearing process to identify the branch Khurai 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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