MICR Code: 583211503

Bank: Axis Bank
IFSC Code: Utib0001310
MICR Code: 583211503
Address: 20/308, Shree Shyam Tourist Home, Kushtagi, Dist. Koppal, Karnataka, Pin 584121
City: Koppal
District: Kushtagi
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 583211503.

  • In this case first three codes 583 is city code and it represents city Koppal.
  • Next three characters 211 represents bank Axis Bank.
  • Remaining characters which are 503 represents branch. In our case branch is located at address 20/308, Shree Shyam Tourist Home, Kushtagi, Dist. Koppal, Karnataka, Pin 584121.

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.