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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 Sapna Sangita Road (Indore)
Contact (0731) 246 7891/92/93/424 9020
Bank Details Axis Bank Sapna Sangita Road (Indore) UTIB0000503
Location Indore, Indore
City Indore
District Indore
State Madhya Pradesh
Pincode 452001
Country IN
Address 16/2, sneh nagar main road, sapna sangita road, indore 452 001,madhya pradesh,452001
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 452211003 for Sapna Sangita Road (Indore) 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 452211003 of Axis Bank, Sapna Sangita Road (Indore) branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Sapna Sangita Road (Indore) branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Sapna Sangita Road (Indore)

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 Sapna Sangita Road (Indore) 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. 452211003 is the MICR code of Axis Bank for Sapna Sangita Road (Indore) branch. MICR code for Sapna Sangita Road (Indore) 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 Sapna Sangita Road (Indore) is presented in the table alongside.

Use of Axis Bank MICR code for Sapna Sangita Road (Indore) branch in indore

The MICR code 452211003 is used in RBI cheque clearing process to identify the branch Sapna Sangita Road (Indore) 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.