MICR Code: 402211002
| Bank: Axis Bank |
| IFSC Code: Utib0003318 |
| MICR Code: 402211002 |
| Address: Grd Flr Sai Arcade Shop Nos 1 2 3 Shivaji Chowk Opp Post Off Tal Mahad Raigad 402301 |
| City: Raigad |
| District: Mahad |
| 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 402211002.
- In this case first three codes 402 is city code and it represents city Raigad.
- Next three characters 211 represents bank Axis Bank.
- Remaining characters which are 002 represents branch. In our case branch is located at address Grd Flr Sai Arcade Shop Nos 1 2 3 Shivaji Chowk Opp Post Off Tal Mahad Raigad 402301.
The easiest way to find MICR code is to check your
- Bank account statement
- Cheques
Please examine below sample cheque for more details
I hope this clears doubts.