MICR Code: 500211018

Bank: Axis Bank
IFSC Code: Utib0000698
MICR Code: 500211018
Address: Smr Vinay Capitol ( Old Shobana Theatre) D. No. 6-3-10 ( Old No.3-10), Sy. No. 120 Balanagar, Hyderabad 500 042 Andhra Pradesh
City: Ranga Reddy
District: Balanagar
State: Andhra Pradesh

MICR is acronym of Magnetic Ink Character Recognition. Basically it is a character-recognition technology used by the banking industry to ease the processing and clearance of cheques and other documents.

Generally MICR code is nine character long. First three charaters represent city, next three charaters represents bank name and last three charaters represents bank branch.

Let's decode MICR code 500211018.

  • In this case first three codes 500 is city code and it represents city Ranga Reddy.
  • Next three characters 211 represents bank Axis Bank.
  • Remaining characters which are 018 represents branch. In our case branch is located at address Smr Vinay Capitol ( Old Shobana Theatre) D. No. 6-3-10 ( Old No.3-10), Sy. No. 120 Balanagar, Hyderabad 500 042 Andhra Pradesh.

The easiest way to find MICR code is to check your

  1. Bank account statement
  2. Cheques

Please examine below sample cheque for more details

I hope this clears doubts.