Axis Bank Indira Mahila Sahakari Bank LTD
Indira Mahila Sahakari Bank LTD · Nandurbar, Maharashtra
423807101 is the MICR code for the Indira Mahila Sahakari Bank LTD branch of Axis Bank, located in Nandurbar, Maharashtra. 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 UTIB0SIMB01.
Bank
Axis Bank
Branch & Address
Indira Mahila Sahakari Bank LTD
Shree Ram Tower Near Muncipal Corporation Nandurbar 425 412
Nandurbar, Nandurbar, Maharashtra
Contact
+912564222515MICR Code Structure
423
City
807
Bank
101
Branch
City code 423 identifies the RBI clearing centre, bank code 807 identifies Axis Bank, and branch code 101 identifies this specific branch.
Online Payment Methods Supported
Other Axis Bank branches near Nandurbar
Other banks in Nandurbar, Maharashtra
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 (UTIB0SIMB01) 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 423807101 is in the middle, and your account number is on the right.