MICR Code: 500211040

Bank: Axis Bank
IFSC Code: Utib0001458
MICR Code: 500211040
Address: Shop No.4, First Floor, Shikha Enclave, Ghmc No. 15-1-515 To 521 & 539, Siddiamber Bazar, Hyderabad, Andhra Pradesh, Pin 500012.
City: Hyderabad
District: Hyderabad
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 500211040.

  • In this case first three codes 500 is city code and it represents city Hyderabad.
  • Next three characters 211 represents bank Axis Bank.
  • Remaining characters which are 040 represents branch. In our case branch is located at address Shop No.4, First Floor, Shikha Enclave, Ghmc No. 15-1-515 To 521 & 539, Siddiamber Bazar, Hyderabad, Andhra Pradesh, Pin 500012..

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.