Axis Bank Singoli Neemuch Madhya Pradesh MICR CODE

Find MICR Codes for Axis Bank Singoli Neemuch Madhya Pradesh

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MICR Code	486211501
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Singrauli
Contact
Bank Details	Axis Bank Singrauli UTIB0001725

Location	Singoli, Neemuch
City	Singoli
District	Neemuch
State	Madhya Pradesh
Pincode	486889
Country	IN
Address	Ground floor ,plot no. 51-52 nagar nigam colony singranuli -486889 dist singrauli

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 486211501 for Singrauli 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 486211501 of Axis Bank, Singrauli branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Singrauli 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 -

>>Singrauli

MICR code for Axis Bank Singrauli

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 Singrauli 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. 486211501 is the MICR code of Axis Bank for Singrauli branch. MICR code for Singrauli 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 Singrauli is presented in the table alongside.

Use of Axis Bank MICR code for Singrauli branch in singoli

The MICR code 486211501 is used in RBI cheque clearing process to identify the branch Singrauli 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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