Axis Bank Bhopal Bhopal Madhya Pradesh MICR CODE

Find MICR Codes for Axis Bank Bhopal Bhopal Madhya Pradesh

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MICR Code	462211007
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	New Market Bhopal
Contact
Bank Details	Axis Bank New Market Bhopal UTIB0001515

Location	Bhopal, Bhopal
City	Bhopal
District	Bhopal
State	Madhya Pradesh
Pincode	462002
Country	IN
Address	6, malviya nagar, kashif complex, raj bhavan road , bhopal , madhya pradesh, pin 462002

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 462211007 for New Market Bhopal 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 462211007 of Axis Bank, New Market Bhopal branch makes the system almost error free and faster. Use of Axis Bank MICR codes for New Market Bhopal 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 New Market Bhopal

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 New Market Bhopal 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. 462211007 is the MICR code of Axis Bank for New Market Bhopal branch. MICR code for New Market Bhopal 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 New Market Bhopal is presented in the table alongside.

Use of Axis Bank MICR code for New Market Bhopal branch in bhopal

The MICR code 462211007 is used in RBI cheque clearing process to identify the branch New Market Bhopal 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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