Surat Mercantile Co-operative Bank Surat Mercantile Co-operative Bank IMPS
Surat Mercantile Co-operative Bank IMPS · Mumbai, Maharashtra
395245005 is the MICR code for the Surat Mercantile Co-operative Bank IMPS branch of Surat Mercantile Co-operative Bank, 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 YESB0SMCB05.
Bank
Surat Mercantile Co-operative Bank
Branch & Address
Surat Mercantile Co-operative Bank IMPS
7/359-60 Utkarsh Modi Compound, Lal Darwaja, Surat - 395003
Mumbai, Surat, Maharashtra
Contact
+912612532502MICR Code Structure
395
City
245
Bank
005
Branch
City code 395 identifies the RBI clearing centre, bank code 245 identifies Surat Mercantile Co-operative Bank, and branch code 005 identifies this specific branch.
Online Payment Methods Supported
Other Surat Mercantile Co-operative Bank 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 (YESB0SMCB05) 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 395245005 is in the middle, and your account number is on the right.