Axis Bank Sector Nighty One Mohali
Sector Nighty One Mohali · S a S Nagar Mohali, Punjab
160211086 is the MICR code for the Sector Nighty One Mohali branch of Axis Bank, located in S a S Nagar Mohali, Punjab. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code UTIB0006269.
Bank
Axis Bank
Branch & Address
Sector Nighty One Mohali
Axis Bank LTD Basement and Ground Floor, Sco no 18, Sector 91, Jlpl, S a S Nagar Mohali, Tehsil and District Mohali Punjab 160071
S a S Nagar Mohali, Sas Nagar Mohali, Punjab
Contact
+919855556621MICR Code Structure
160
City
211
Bank
086
Branch
City code 160 identifies the RBI clearing centre, bank code 211 identifies Axis Bank, and branch code 086 identifies this specific branch.
Online Payment Methods Supported
Other Axis Bank branches near S a S Nagar Mohali
About MICR Codes
What is a MICR code used for?
MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.
MICR vs IFSC — when do I use which?
Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (UTIB0006269) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.
Where is the MICR code on a cheque?
The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 160211086 is in the middle, and your account number is on the right.