MICR Code: 160211016
| Bank: Axis Bank |
| IFSC Code: Utib0001629 |
| MICR Code: 160211016 |
| Address: Axis Bank Ltd Ground Floor And Basement, Sco 139,140,141, And 142 Sector 9C, Madhyamarg, Chandigarh |
| City: Chandigarh |
| District: Chandigarh |
| State: Chandigarh |
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 160211016.
- In this case first three codes 160 is city code and it represents city Chandigarh.
- Next three characters 211 represents bank Axis Bank.
- Remaining characters which are 016 represents branch. In our case branch is located at address Axis Bank Ltd Ground Floor And Basement, Sco 139,140,141, And 142 Sector 9C, Madhyamarg, Chandigarh.
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.