NKGSB Co-operative Bank Wadala
Wadala · Mumbai, Maharashtra
400086028 is the MICR code for the Wadala branch of NKGSB 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 NKGS0000035.
Bank
NKGSB Co-operative Bank
Branch & Address
Wadala
Gala no A9, Royal Industrial Estate, Naigaon Cross Road, Wadala, Mumbai 400 031.
Mumbai, Mumbai, Maharashtra
Contact
+912224155510MICR Code Structure
400
City
086
Bank
028
Branch
City code 400 identifies the RBI clearing centre, bank code 086 identifies NKGSB Co-operative Bank, and branch code 028 identifies this specific branch.
Online Payment Methods Supported
Other NKGSB 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 (NKGS0000035) 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 400086028 is in the middle, and your account number is on the right.