What is the IFSC code for MICR 500211041?

The IFSC code for Axis Bank Prakash Nagar branch (MICR: 500211041) is UTIB0001454. Use the IFSC code for NEFT, RTGS, IMPS, and UPI transfers. Use the MICR code for cheque clearance.

What do the digits in a MICR code mean?

A 9-digit MICR code has three parts: the first 3 digits (500) represent the city/clearing centre, the next 3 digits (211) identify the bank, and the last 3 digits (041) identify the specific branch. For 500211041, the city code is 500, bank code is 211, and branch code is 041.

Axis Bank Prakash Nagar

Q: Which bank does MICR code 500211041 belong to?

MICR code 500211041 belongs to Axis Bank, Prakash Nagar branch, located at 501, Naiks Vijayasri Nivas, H.no.1-11-255, Begumpet Road No. 1, (beside Begumpet Airport ), Sp Road , Hyderabad , Andhra Pradesh, PIN 500016., Hyderabad, Andhra Pradesh. The corresponding IFSC code is UTIB0001454.

Prakash Nagar · Hyderabad, Andhra Pradesh

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500211041

500211041 is the MICR code for the Prakash Nagar branch of Axis Bank, located in Hyderabad, Andhra Pradesh. 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 UTIB0001454.

Bank

Axis Bank

Branch & Address

Prakash Nagar

501, Naiks Vijayasri Nivas, H.no.1-11-255, Begumpet Road No. 1, (beside Begumpet Airport ), Sp Road , Hyderabad , Andhra Pradesh, PIN 500016.

Hyderabad, Hyderabad, Andhra Pradesh

Codes for this Branch

MICR (cheques)

500211041

IFSC (online transfers)

UTIB0001454

View

MICR Code Structure

500

City

211

Bank

041

Branch

City code 500 identifies the RBI clearing centre, bank code 211 identifies Axis Bank, and branch code 041 identifies this specific branch.

Online Payment Methods Supported

NEFT

RTGS

IMPS

UPI

Other Axis Bank branches near Hyderabad

Alkapuri Hyderabad, Telangana UTIB0004230 Amberpet Hyderabad, Andhra Pradesh UTIB0001808 Ameenpur Hyderabad, Telangana UTIB0006160 Andhra Bank Employees Co Op Bank Hyderabad, Andhra Pradesh UTIB0SAND01 Apkvib Hyderabad, Andhra Pradesh UTIB0E00008 Ap Rajarajeswari Mahila Coop Urban Hyderabad, Telangana UTIB0SAPRR2

Other banks in Hyderabad, Andhra Pradesh

A.P. Mahesh Co-operative Urban Bank 28 branches AU Small Finance Bank 14 branches Bandhan Bank 15 branches Bank of Bahrein and Kuwait 2 branches Bank of Baroda 56 branches Bank of India 41 branches Bank of Maharashtra 13 branches Bombay Mercantile Co-operative Bank 1 branch

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 (UTIB0001454) 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 500211041 is in the middle, and your account number is on the right.

View full branch details for IFSC UTIB0001454