MICR Code: 501211602
| Bank: Axis Bank |
| IFSC Code: Utib0001266 |
| MICR Code: 501211602 |
| Address: No.1-19/13, Veerabhadra Complex, Opp. Market Yard, Hyderabad Main Road , Chevella, Dist. Ranga Reddy, Andhra Pradesh, Pin 501503 |
| City: Rangareddy |
| District: Chevella |
| 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 501211602.
- In this case first three codes 501 is city code and it represents city Rangareddy.
- Next three characters 211 represents bank Axis Bank.
- Remaining characters which are 602 represents branch. In our case branch is located at address No.1-19/13, Veerabhadra Complex, Opp. Market Yard, Hyderabad Main Road , Chevella, Dist. Ranga Reddy, Andhra Pradesh, Pin 501503.
The easiest way to find MICR code is to check your
- Bank account statement
- Cheques
Please examine below sample cheque for more details
I hope this clears doubts.