Axis Bank Valmiki Urban Co Op Bank LTD
Valmiki Urban Co Op Bank LTD · Parbhani, Maharashtra
431887202 is the MICR code for the Valmiki Urban Co Op Bank LTD branch of Axis Bank, located in Parbhani, 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 UTIB0SVAUB1.
Bank
Axis Bank
Branch & Address
Valmiki Urban Co Op Bank LTD
Sai Road Pathri Dist Parbhani 431 506
Parbhani, Pathri, Maharashtra
Contact
+912451255299MICR Code Structure
431
City
887
Bank
202
Branch
City code 431 identifies the RBI clearing centre, bank code 887 identifies Axis Bank, and branch code 202 identifies this specific branch.
Online Payment Methods Supported
Other Axis Bank branches near Parbhani
Other banks in Parbhani, 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 (UTIB0SVAUB1) 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 431887202 is in the middle, and your account number is on the right.