Axis Bank Mandideep
Mandideep · Raisen, Madhya Pradesh
462211014 is the MICR code for the Mandideep branch of Axis Bank, located in Raisen, Madhya Pradesh. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code UTIB0002513.
Bank
Axis Bank
Branch & Address
Mandideep
Raj Hotel, Plot no 314 by 1, Nh 12, Near Central Bank of India Mandideep, District Raisen, PIN 462046
Raisen, Mandideep, Madhya Pradesh
Contact
+917554097913MICR Code Structure
462
City
211
Bank
014
Branch
City code 462 identifies the RBI clearing centre, bank code 211 identifies Axis Bank, and branch code 014 identifies this specific branch.
Online Payment Methods Supported
Other Axis Bank branches near Raisen
Other banks in Raisen, Madhya Pradesh
About MICR Codes
What is a MICR code used for?
MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.
MICR vs IFSC — when do I use which?
Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (UTIB0002513) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.
Where is the MICR code on a cheque?
The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 462211014 is in the middle, and your account number is on the right.