MICR Code: 520801105
| Bank: Axis Bank |
| IFSC Code: Utib0sgub06 |
| MICR Code: 520801105 |
| Address: Library Center Koritepadu Guntur 522 007 |
| City: Guntur |
| District: Guntur |
| 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 520801105.
- In this case first three codes 520 is city code and it represents city Guntur.
- Next three characters 801 represents bank Axis Bank.
- Remaining characters which are 105 represents branch. In our case branch is located at address Library Center Koritepadu Guntur 522 007.
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.