Railway Employees Co-operative Banking Society Railway Employees Co-operative Banking Society IMPS
Railway Employees Co-operative Banking Society IMPS · Mumbai, Maharashtra
342646002 is the MICR code for the Railway Employees Co-operative Banking Society IMPS branch of Railway Employees Co-operative Banking Society, located in Mumbai, Maharashtra. 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 YESB0RECBS1.
Bank
Railway Employees Co-operative Banking Society
Branch & Address
Railway Employees Co-operative Banking Society IMPS
Railway Institute, Harish Joshi Marg, Railway Station Road, Jodhpur-342001
Mumbai, Jodhpur, Maharashtra
Contact
+919414476450MICR Code Structure
342
City
646
Bank
002
Branch
City code 342 identifies the RBI clearing centre, bank code 646 identifies Railway Employees Co-operative Banking Society, and branch code 002 identifies this specific branch.
Online Payment Methods Supported
Other Railway Employees Co-operative Banking Society branches near Mumbai
Other banks in Mumbai, Maharashtra
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 (YESB0RECBS1) 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 342646002 is in the middle, and your account number is on the right.