Axis Bank Shajapur Shajapur Madhya Pradesh MICR CODE

Find MICR Codes for Axis Bank Shajapur Shajapur Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	465211101
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Shajapur
Contact	(07364) 229701 (07364) 229700
Bank Details	Axis Bank Shajapur UTIB0001349

Location	Shajapur, Shajapur
City	Shajapur
District	Shajapur
State	Madhya Pradesh
Pincode	465001
Country	IN
Address	Geeta bajaj bhawan,opp water works, a b road,shajapur madhya pradesh, pin 465001

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 465211101 for Shajapur 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 465211101 of Axis Bank, Shajapur branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Shajapur 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 -

>>Shajapur

MICR code for Axis Bank Shajapur

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 Shajapur 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. 465211101 is the MICR code of Axis Bank for Shajapur branch. MICR code for Shajapur 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 Shajapur is presented in the table alongside.

Use of Axis Bank MICR code for Shajapur branch in shajapur

The MICR code 465211101 is used in RBI cheque clearing process to identify the branch Shajapur 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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