IFSC & MICR Code Directory India 2025 – Search Bank Branch Details
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What does the IFSC Code Stand for?

IFSC is a short abbreviation of the term “Indian Financial System Code.” IFSC code is a standardized code facilitated by The Reserve Bank of India for identifying a particular branch of any bank. It is a unique, 11-character-long alphanumeric code that streamlines the online fund transaction by fetching any bank details.

With an IFSC code, it is possible to make any online transaction successful in India. As we know that NEFT (National Electronic Funds Transfer), IMPS (Immediate Payment Service), and RTGS (Real Time Gross Settlement) systems are three mainstream digital fund transfer systems in India that are frequently used by most millennials and Gen-Z. It is essential to learn more about IFSC.

Understand the Format of the IFSC Code

IFSC code is an 11-character-long code. In this, the first 4-characters are alphabetic, depicting the bank code assigned by the government authority of India. The next character is zero, reserved for future usage. And the last 6-characters are usually numeric (can be alphabetic also), depicting the branch name of that particular bank.

For example- The IFSC code for Axis bank, Ambikapur, is UTIB0000041.

Perks of Using IFSC Code

  • Quick & secure payment transfer
  • Facilitates online banking or net banking operations
  • Instant money transfer
  • Error-free money transactions
  • Instant transfer of funds via NEFT and RTGS
  • Immediate payment validation and reconciliation
  • Paperless cash transaction

How to Know the IFSC Code of Your Branch?

You can fetch your IFSC code details from the following locations:

  • Passbook
  • Cheque leaf
  • Official bank website
  • RBI website

Aside from the above stated, try typing IFSC code Axis bank, Ambikapur in Google. The tech giant brings you back with an immediate result i. e. UTIB0000041. In case you want to file your ITR online, you can use this code to process your internet transactions.

What MICR Code Stands for?

MICR code is another popular acronym used for representing “Magnetic Ink Character Recognition” technology in the financial industry. It is a unique code that is universally accepted for sending or receiving money from one bank to another bank located abroad or anywhere in the globe. It makes the sorting, processing, and clearance of any transaction via cheques, a hassle-free task. MICR code works on character recognition technology that enables faster processing of cheques and other banking documents.

Some primary tools, such as MICR readers, identify the particular branch details of the payee’s bank by scanning the MICR code printed on the cheque. Here, MICR readers magnetize the code and read the deployed character on it. The only drawback with this useful technology is that it strictly requires expensive iron oxide ink entailing in MICR printing.

Understand the Format of the MICR Code

MICR code is a 9-digit-long code that is generally found at the bottom of any cheque leaf. Here, learn the significance of each of its digits through the following example:

Assume the MICR code for Axis bank, Ambikapur, is 497211999.

Here, the first three digits display the city code. Next, three digits depict the bank code. And last three digits deploy the branch code.

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Perks of using MICR Code

  • Quick & accurate
  • Prompt payment
  • Customer’s centric approach
  • Universally accepted
  • More convenient
  • More secure
  • Eliminate fraudulent encashment

How to know your MICR Code?

You can easily find the MICR code at the bottom of your cheque and on the official website of RBI. Other than this, type MICR code Axis bank, Ambikapur in the search tab of your favorite browser, and see what you’ll get in the result. I think it must be 497211999.