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508211702 MICR Code for Axis Bank Bhongir branch located at Telangana state, Yadadri Bhuvanagiri district, Bhongir, and branch Address is no1 5 330 Station Road Opp Sai Baba Temple Bhongir 508116 Nalgonda, Branch Contact numbers 244115.
Bank Information
Axis Bank

Axis Bank
Phone: 1-860-500-5555 / 1-860-419-5555
email: [email protected]

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Branch Information Last updated Nov 8, 2017
MICR: 508211702
Branch code: 003574
Contact: 244115
Map Location of Bhongir, Yadadri Bhuvanagiri, Telangana
What is IFSC Code UTIB0003574?
IFSC or Indian Financial System Code is an alpha-numeric code that uniquely identifies a bank-branch participating in the NEFT system.
This is an 11 digit code with the first 4 alpha characters representing the bank, and the last 6 characters representing the branch.
The 5th character is 0 (zero).
IFSC is used by the NEFT system to identify the originating / destination banks / branches and also to route the messages appropriately to the concerned banks / branches.

IFSC is 11 alpha numeric characters code assigned by Reserve Bank of India to bank branches for facilitating online money / fund transfer using NEFT, RTGS or ECS between two bank accounts.

  • The code consists of 11 Characters : (UTIB0003574) 11 alpha numeric characters code assigned by Reserve Bank of India to Axis Bank Bhongir Branch
  • First 4 characters represent the entity (UTIB0003574)
  • Fifth position has been defaulted with a '0' (Zero) for future use (ICIC0003574)
  • Last 6 character denotes the branch identity (ICIC0003574)

What is MICR Code 508211702?
Magnetic ink character recognition (MICR) is a character recognition technology used primarily by the banking industry to facilitate the processing of cheques.
MICR characters are printed in special typefaces with a magnetic ink or toner, usually containing iron oxide. A special machine is used to read these characters, which can be easily read by humans too. The characters are usually printed on the bottom strip of cheque leaf.
This MICR code is used By RBI (Reserve bank Of India) clearing process to identify the branch and bank for clearing processes.
MICR 508211702 is 9 digits code printed on cheques to facilitate and expedite clearance of cheques in banking system.

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