Axis Bank Panna Panna Madhya Pradesh MICR CODE

Find MICR Codes for Axis Bank Panna Panna Madhya Pradesh

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MICR Code	488211001
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Panna
Contact	253676
Bank Details	Axis Bank Panna UTIB0002882

Location	Panna, Panna
City	Panna
District	Panna
State	Madhya Pradesh
Pincode	488001
Country	IN
Address	Ground floor khasra no 3199 ward no 13 bti road

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 488211001 for Panna 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 488211001 of Axis Bank, Panna branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Panna 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 -

>>Panna

MICR code for Axis Bank Panna

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 Panna 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. 488211001 is the MICR code of Axis Bank for Panna branch. MICR code for Panna 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 Panna is presented in the table alongside.

Use of Axis Bank MICR code for Panna branch in panna

The MICR code 488211001 is used in RBI cheque clearing process to identify the branch Panna 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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