How do I find my MICR branch code?

The MICR code is located on the bottom of a cheque leaf, next to the cheque number. You can also find it printed on the first page of a bank savings account passbook.

What is MICR No Axis bank?

While IFSC code is used to transfer funds electronically through NEFT or RTGS or IMPS modes, MICR Code is the unique code that is used in identifying banks participating in the Electronic Clearing System (ECS). IFSC Code is the 11 digit code that is unique to every branch and bank in India.

How can I know my Bank of India MICR code?

It is also mentioned on the front page of your passbook. You can use Bank of India IFSC code for any electronic transfer through RTGS, NEFT or IMPS at your ease. Likewise, you can find Bank of India MICR code printed on the passbook or at the bottom of the cheque book.

Is giving MICR code safe?

So, it is safe if someone knows your Bank account’s IFSC and Branch Code because it is publicly available. PAN [Permanent Account Number] Card is generally used for tax related things. PAN is used when you are making a deposit of Rs. If your PAN is known to wrong person.

What is the full name of Axis Bank?

Full form of Axis Bank UTI Bank: United Trust of India. Actually, AXIS bank has no Full form. Axis bank origin was in 1993 at Ahmedabad, as UTI Bank (UTI bank full form: United Trust of India). The United Trust of India (UTI) was considered as one of the largest private banks in India.

Can we transfer money with wrong IFSC code?

“If the incorrect IFSC code refers to a wrong branch of the same bank, then the fund transfer could still be possible. Remember, all banks may not match the beneficiary name before making the fund transfer, so if the account number matches, the transaction will go through.

Can two different branches of the same bank can have same account numbers?

Your bank account number is the primary identifier for the bank account. This is unique in nature and no two banks or account holders can have the same account number. Banks use different starting codes for their branches for easy segregation.