Punjab State Co-operative Bank Branch Office Forty-seven
Branch Office Forty-seven · Chandigarh, Punjab
160350016 is the MICR code for the Branch Office Forty-seven branch of Punjab State Co-operative Bank, located in Chandigarh, Punjab. 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 TPSC0000016.
Bank
Punjab State Co-operative Bank
Branch & Address
Branch Office Forty-seven
Sco.60, Sector 47-d
Chandigarh, Chandigarh, Punjab
Contact
+911725061419MICR Code Structure
160
City
350
Bank
016
Branch
City code 160 identifies the RBI clearing centre, bank code 350 identifies Punjab State Co-operative Bank, and branch code 016 identifies this specific branch.
Online Payment Methods Supported
Other Punjab State Co-operative Bank branches near Chandigarh
Other banks in Chandigarh, Punjab
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 (TPSC0000016) 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 160350016 is in the middle, and your account number is on the right.