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Axis Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Axis Bank Indore Indore Madhya Pradesh

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Annapoorna
Contact (0731) 2797493/4
Bank Details Axis Bank Annapoorna UTIB0000570
Location Indore, Indore
City Indore
District Indore
State Madhya Pradesh
Pincode 452009
Country IN
Address 85, mishra nagar, near annapoorna temple, indore 452009
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 452211005 for Annapoorna 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 452211005 of Axis Bank, Annapoorna branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Annapoorna branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Annapoorna

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 Annapoorna 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. 452211005 is the MICR code of Axis Bank for Annapoorna branch. MICR code for Annapoorna 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 Annapoorna is presented in the table alongside.

Use of Axis Bank MICR code for Annapoorna branch in indore

The MICR code 452211005 is used in RBI cheque clearing process to identify the branch Annapoorna 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.