Axis Bank Mhow Indore Madhya Pradesh MICR CODE

Find MICR Codes for Axis Bank Mhow Indore Madhya Pradesh

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MICR Code	453211002
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mhow
Contact	9722555644
Bank Details	Axis Bank Mhow UTIB0002973

Location	Mhow, Indore
City	Mhow
District	Indore
State	Madhya Pradesh
Pincode	453441
Country	IN
Address	Ground floor agarwal tower 984 manek chowk mhow 453441

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 453211002 for Mhow 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 453211002 of Axis Bank, Mhow branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Mhow 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 -

>>Mhow

MICR code for Axis Bank Mhow

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 Mhow 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. 453211002 is the MICR code of Axis Bank for Mhow branch. MICR code for Mhow 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 Mhow is presented in the table alongside.

Use of Axis Bank MICR code for Mhow branch in mhow

The MICR code 453211002 is used in RBI cheque clearing process to identify the branch Mhow 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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