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Axis Bank Agar Agar Madhya Pradesh MICR CODE

Find MICR Codes for Axis Bank Agar Agar Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	465211503
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Agar
Contact	0
Bank Details	Axis Bank Agar UTIB0003658

Location	Agar, Agar
City	Agar
District	Agar
State	Madhya Pradesh
Pincode	465441
Country	IN
Address	Plot no 232, survey no 144 3, kota road agar 465441

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 465211503 for Agar 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 465211503 of Axis Bank, Agar branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Agar 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 -

>>Agar

MICR code for Axis Bank Agar

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 Agar 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. 465211503 is the MICR code of Axis Bank for Agar branch. MICR code for Agar 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 Agar is presented in the table alongside.

Use of Axis Bank MICR code for Agar branch in agar

The MICR code 465211503 is used in RBI cheque clearing process to identify the branch Agar 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.