Axis Bank Dhar Silkuwa Madhya Pradesh MICR CODE

Find MICR Codes for Axis Bank Dhar Silkuwa Madhya Pradesh

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MICR Code	-NA-
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Silkuwa
Contact
Bank Details	Axis Bank Silkuwa UTIB0004221

Location	Dhar, Silkuwa
City	Dhar
District	Silkuwa
State	Madhya Pradesh
Pincode	454331
Country	IN
Address	Gr flr khasra no 124 5 1 1 rakwa no 00 040 gram silkuwa alirajpur main road tehsil dahi 454331

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 0 for Silkuwa 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 0 of Axis Bank, Silkuwa branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Silkuwa 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 -

>>Silkuwa

MICR code for Axis Bank Silkuwa

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 Silkuwa 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. 0 is the MICR code of Axis Bank for Silkuwa branch. MICR code for Silkuwa 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 Silkuwa is presented in the table alongside.

Use of Axis Bank MICR code for Silkuwa branch in dhar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Silkuwa 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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