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Axis Bank Gwalior Gwalior Madhya Pradesh MICR CODE

Find MICR Codes for Axis Bank Gwalior Gwalior Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	475211999
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Raipur
Contact	7354244295
Bank Details	Axis Bank Raipur UTIB0002514

Location	Gwalior, Gwalior
City	Gwalior
District	Gwalior
State	Madhya Pradesh
Pincode	475330
Country	IN
Address	Ground floor, s no. 107/2006.2007- a.12, adarsh enterprises, patwari house no 23, at vilage raipur, tehsil: gird, district: gwalior, madhya pradesh, pin 475330

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 475211999 for Raipur 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 475211999 of Axis Bank, Raipur branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Raipur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 11 branches of Axis Bank are available with micr code -

>>Achleshwar >>Dangguthina >>Deedwana Oli Sarafa Bazaar Branch >>Deen Dayal Nagar >>Gwalior >>Lashkar Gwalior >>Malnpur >>Murar Gwalior >>Phoolbaug Gwalior >>Raipur >>Transport Nagar Gwalior

MICR code for Axis Bank Raipur

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 Raipur 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. 475211999 is the MICR code of Axis Bank for Raipur branch. MICR code for Raipur 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 Raipur is presented in the table alongside.

Use of Axis Bank MICR code for Raipur branch in gwalior

The MICR code 475211999 is used in RBI cheque clearing process to identify the branch Raipur 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.