MICR Code: 586259261

Bank: Axis Bank
IFSC Code: Utib0schait
MICR Code: 586259261
Address: Mirde Galli Near Meenaxi Chowk Bijapur 586101
City: Bijapur
District: Bijapur
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 586259261.

  • 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 261 represents branch. In our case branch is located at address Mirde Galli Near Meenaxi Chowk Bijapur 586101.

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.