MICR Code: 389811061

Bank: Axis Bank
IFSC Code: Utib0slnsb1
MICR Code: 389811061
Address: Astana Bazar, Lunawada 389230
City: Panch Mahals
District: Lunawada
State: Gujarat

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 389811061.

  • In this case first three codes 389 is city code and it represents city Panch Mahals.
  • Next three characters 811 represents bank Axis Bank.
  • Remaining characters which are 061 represents branch. In our case branch is located at address Astana Bazar, Lunawada 389230.

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.