Axis Bank Multai Beetul Madhya Pradesh MICR CODE

Find MICR Codes for Axis Bank Multai Beetul Madhya Pradesh

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MICR Code	460211502
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Multai
Contact	225525
Bank Details	Axis Bank Multai UTIB0003838

Location	Multai, Beetul
City	Multai
District	Beetul
State	Madhya Pradesh
Pincode	460661
Country	IN
Address	Ground floor building no 6 patel ward station road multai dist beetul

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 460211502 for Multai 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 460211502 of Axis Bank, Multai branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Multai 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 -

>>Multai

MICR code for Axis Bank Multai

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 Multai 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. 460211502 is the MICR code of Axis Bank for Multai branch. MICR code for Multai 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 Multai is presented in the table alongside.

Use of Axis Bank MICR code for Multai branch in multai

The MICR code 460211502 is used in RBI cheque clearing process to identify the branch Multai 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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