MICR Code: 586259259

Bank: Axis Bank
IFSC Code: Utib0salmel
MICR Code: 586259259
Address: Main Market Almel 586202
City: Bijapur
District: Almel
State: Karnataka

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 586259259.

  • In this case first three codes 586 is city code and it represents city Bijapur.
  • Next three characters 259 represents bank Axis Bank.
  • Remaining characters which are 259 represents branch. In our case branch is located at address Main Market Almel 586202.

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.