AXIS BANK MADHYA PRADESH IFSC CODE Quick Search

What is AXIS BANK MADHYA PRADESH ifsc code

IFSC Code (The Indian Financial System Code) is an alphanumeric code which is used to transfer electronic funds in India.

AXIS BANK MADHYA PRADESH ifsc code is a Unique code which identifies each bank branch. The main purpose of IFSC Code is to participate each bank branch in the two main payment and settlement systems in India.

1) RTGS : Real Time Gross Settlement
2) NEFT : National Electronic Fund Transfer

AXIS BANK MADHYA PRADESH ifsc code Format:

For Example :

AXIS BANK MADHYA PRADESH ifsc code : UTIB0000043 is 11 digit Unique IFSC Code.

First 4 characters represents Bank Code : UTIB for Bank : AXIS BANK

5th character is Zero and it is reserved for future reference

Last 6 characters represents Branch Code : 000043 for Bank Branch INDORE

Anatomy of a Cheque

The above image represent cheque format which locates IFSC Code and MICR Code in Red Box

What is MICR Code for axis bank madhya pradesh

MICR code for axis bank madhya pradesh represents Magnetic Ink Character Recognition technology which is printed on cheques. This MICR Code is used for the identification of the cheques for faster processing.

MICR Code is a Unique code which identifies each bank branch. The main purpose of MICR Code is to participate each bank branch in an Electronic Clearing System (ECS).

Where is MICR Code for axis bank madhya pradesh on Cheque:

MICR Code Format for axis bank madhya pradesh :

For Example :

MICR Code for AXIS BANK : 452211002 is 9 digit Unique MICR Code.

First 3 digits represents CityCode Code : 452 for City : INDORE

Middle 3 digits reprents Bank Code: 211 for Bank : AXIS BANK

Last 3 digits represents Branch Code : 100 for Bank Branch INDORE

AXIS BANK All City IFSC Code List for State MADHYA PRADESH

Some of the most polular searches for IFSC code