MICR Code: 416831202

Bank: Axis Bank
IFSC Code: Utib0sssbl1
MICR Code: 416831202
Address: 7 111 Janta Chowk Laxmi Market Ichalkaranji 416115
City: Kolhapur
District: Ichalkarnji
State: Maharashtra

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 416831202.

  • In this case first three codes 416 is city code and it represents city Kolhapur.
  • Next three characters 831 represents bank Axis Bank.
  • Remaining characters which are 202 represents branch. In our case branch is located at address 7 111 Janta Chowk Laxmi Market Ichalkaranji 416115.

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.