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Axis Bank Shivpuri Shivpuri Madhya Pradesh MICR CODE

Find MICR Codes for Axis Bank Shivpuri Shivpuri Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	473211051
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Shivpuri
Contact	(07492) 232571/ 3 (D) / (07492) 232572
Bank Details	Axis Bank Shivpuri UTIB0001022

Location	Shivpuri, Shivpuri
City	Shivpuri
District	Shivpuri
State	Madhya Pradesh
Pincode	473551
Country	IN
Address	Ground & first floor, block no.18,near hanuman bandh,agra bombay road,shivpuri, madhya pradesh, pin 473551

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 473211051 for Shivpuri 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 473211051 of Axis Bank, Shivpuri branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Shivpuri 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 -

>>Shivpuri

MICR code for Axis Bank Shivpuri

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 Shivpuri 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. 473211051 is the MICR code of Axis Bank for Shivpuri branch. MICR code for Shivpuri 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 Shivpuri is presented in the table alongside.

Use of Axis Bank MICR code for Shivpuri branch in shivpuri

The MICR code 473211051 is used in RBI cheque clearing process to identify the branch Shivpuri 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.