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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 Shalimar Township
Contact 731-9243234663
Bank Details Axis Bank Shalimar Township UTIB0004881
Location Indore, Indore
City Indore
District Indore
State Madhya Pradesh
Pincode
Country IN
Address Upper ground floor shop no ug 4 exotica in the project of shalimar township, niranjanpur ab road indore
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 452211035 for Shalimar Township 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 452211035 of Axis Bank, Shalimar Township branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Shalimar Township branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Shalimar Township

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 Shalimar Township 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. 452211035 is the MICR code of Axis Bank for Shalimar Township branch. MICR code for Shalimar Township 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 Shalimar Township is presented in the table alongside.

Use of Axis Bank MICR code for Shalimar Township branch in indore

The MICR code 452211035 is used in RBI cheque clearing process to identify the branch Shalimar Township 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.