Axis Bank Palghat Coop Urban Bank
Palghat Coop Urban Bank · Palakkad, Kerala
678802002 is the MICR code for the Palghat Coop Urban Bank branch of Axis Bank, located in Palakkad, Kerala. 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 UTIB0PKDU97.
Bank
Axis Bank
Branch & Address
Palghat Coop Urban Bank
The Palghat Co.op, Urban Bank LTD No. F997 Head Office, Court Road, Palakad 678 001
Palakkad, Palakkad, Kerala
Contact
+914912531517MICR Code Structure
678
City
802
Bank
002
Branch
City code 678 identifies the RBI clearing centre, bank code 802 identifies Axis Bank, and branch code 002 identifies this specific branch.
Online Payment Methods Supported
Other Axis Bank branches near Palakkad
Other banks in Palakkad, Kerala
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 (UTIB0PKDU97) 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 678802002 is in the middle, and your account number is on the right.