MICR Code: 416879276

Bank: Axis Bank
IFSC Code: Utib0spsb01
MICR Code: 416879276
Address: Main Road Palus Taluka Palus Pin Code 416 310
City: Sangli
District: Palus
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 416879276.

  • In this case first three codes 416 is city code and it represents city Sangli.
  • Next three characters 879 represents bank Axis Bank.
  • Remaining characters which are 276 represents branch. In our case branch is located at address Main Road Palus Taluka Palus Pin Code 416 310.

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.