Axis Bank Khandwa Khandwa Madhya Pradesh MICR CODE

Find MICR Codes for Axis Bank Khandwa Khandwa Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	450211999
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Khandwa
Contact	Shri Srinivasa Rao Tirunagiri Asst. Vice President
Bank Details	Axis Bank Khandwa UTIB0000699

Location	Khandwa, Khandwa
City	Khandwa
District	Khandwa
State	Madhya Pradesh
Pincode	450001
Country	IN
Address	1, shrinagar main road indore-khandwa road khandwa 450 001, dist. East nimar madhya pradesh

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 450211999 for Khandwa 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 450211999 of Axis Bank, Khandwa branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Khandwa 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 -

>>Khandwa

MICR code for Axis Bank Khandwa

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 Khandwa 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. 450211999 is the MICR code of Axis Bank for Khandwa branch. MICR code for Khandwa 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 Khandwa is presented in the table alongside.

Use of Axis Bank MICR code for Khandwa branch in khandwa

The MICR code 450211999 is used in RBI cheque clearing process to identify the branch Khandwa 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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