Axis Bank Dr Jaiprakash Mundada Urban Co Op
Dr Jaiprakash Mundada Urban Co Op · Hingoli, Maharashtra
431892402 is the MICR code for the Dr Jaiprakash Mundada Urban Co Op branch of Axis Bank, located in Hingoli, 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 UTIB0SJMUC1.
Bank
Axis Bank
Branch & Address
Dr Jaiprakash Mundada Urban Co Op
Jawala Bazar Tq Aundha Nagnath 431705
Hingoli, Jawala Bazar, Maharashtra
Contact
+912454401422MICR Code Structure
431
City
892
Bank
402
Branch
City code 431 identifies the RBI clearing centre, bank code 892 identifies Axis Bank, and branch code 402 identifies this specific branch.
Online Payment Methods Supported
Other Axis Bank branches near Hingoli
Other banks in Hingoli, 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 (UTIB0SJMUC1) 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 431892402 is in the middle, and your account number is on the right.