MICR Code: 500211050

Bank: Axis Bank
IFSC Code: Utib0001907
MICR Code: 500211050
Address: 6-2-981, Ground Floor, Maruti Plaza, Khairatabad, Hyderabad, Andhra Pradesh, Pin 500004
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 500211050.

  • 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 050 represents branch. In our case branch is located at address 6-2-981, Ground Floor, Maruti Plaza, Khairatabad, Hyderabad, Andhra Pradesh, Pin 500004.

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.