Axis Bank Bhopal Bhopal Madhya Pradesh MICR CODE

Find MICR Codes for Axis Bank Bhopal Bhopal Madhya Pradesh

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MICR Code	462363002
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Krishna Mercantile Coop Bank Ltd
Contact	2558349
Bank Details	Axis Bank Krishna Mercantile Coop Bank Ltd UTIB0SKMCBL

Location	Bhopal, Bhopal
City	Bhopal
District	Bhopal
State	Madhya Pradesh
Pincode	462011
Country	IN
Address	43 zone 2 m p nagar bhopal 462011

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.

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Krishna Mercantile Coop Bank Ltd (462363002)

How does MICR code 462363002 for Krishna Mercantile Coop Bank Ltd 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 462363002 of Axis Bank, Krishna Mercantile Coop Bank Ltd branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Krishna Mercantile Coop Bank Ltd branch, makes the characters readable even if there are other marks and stamps on it.

A total of 32 branches of Axis Bank are available with micr code -

>>Arandiya >>Arera Colony Bhopal >>Ashoka Garden Bhopal >>Awadhpuri Bhopal >>Ayodhya Bypass Road Bhopal >>Baghmugalia >>Bairagarh Bhopal >>Bakania >>Bawadiakalan >>Berasia Road Bhopal >>Bhopal >>Bhopal (Service Branch) >>Bitten Market Bhopal >>Chunabhatti Bhopal >>Gulmohar Bhopal >>Hoshangabad Road Bhopal >>Indrapuri Bhopal >>Islamnagar >>Karond Bhopal >>Katara Bhopal >>Koh E Fiza >>Kokta Bypass >>Kolar Road Bhopal (Mp) >>Krishna Mercantile Coop Bank Ltd >>Marwari Road >>Misrod >>Mp Nagar Zone Ii >>Neelbad >>Nehru Nagar Bhopal >>New Market Bhopal >>Peergate Bhopal >>Saket Nagar

MICR code for Axis Bank Krishna Mercantile Coop Bank Ltd

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 Krishna Mercantile Coop Bank Ltd 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. 462363002 is the MICR code of Axis Bank for Krishna Mercantile Coop Bank Ltd branch. MICR code for Krishna Mercantile Coop Bank Ltd 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 Krishna Mercantile Coop Bank Ltd is presented in the table alongside.

Use of Axis Bank MICR code for Krishna Mercantile Coop Bank Ltd branch in bhopal

The MICR code 462363002 is used in RBI cheque clearing process to identify the branch Krishna Mercantile Coop Bank Ltd 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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