Axis Bank Bhopal Bhopal Madhya Pradesh MICR CODE

Find MICR Codes for Axis Bank Bhopal Bhopal Madhya Pradesh

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MICR Code	-NA-
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Salaiya
Contact	755-9243234663
Bank Details	Axis Bank Salaiya UTIB0006453

Location	Bhopal, Bhopal
City	Bhopal
District	Bhopal
State	Madhya Pradesh
Pincode	462030
Country	IN
Address	Ground first and first floor, plot no 61 and plot no 62, rohit nagar, bawadiya kalan

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 0 for Salaiya 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 0 of Axis Bank, Salaiya branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Salaiya branch, makes the characters readable even if there are other marks and stamps on it.

A total of 36 branches of Axis Bank are available with micr code -

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MICR code for Axis Bank Salaiya

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 Salaiya 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. 0 is the MICR code of Axis Bank for Salaiya branch. MICR code for Salaiya 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 Salaiya is presented in the table alongside.

Use of Axis Bank MICR code for Salaiya branch in bhopal

The MICR code 0 is used in RBI cheque clearing process to identify the branch Salaiya 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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