Saraswat Co-operative Bank Malad Jankalyan Nagar
Malad Jankalyan Nagar · Mumbai, Maharashtra
400088045 is the MICR code for the Malad Jankalyan Nagar branch of Saraswat 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 SRCB0000491.
Bank
Saraswat Co-operative Bank
Branch & Address
Malad Jankalyan Nagar
Ground Floor, Shop No.8, Scorpio, Divya Park, Jankalyan Nagar, Malad(w), Mumbai-400095
Mumbai, Mumbai, Maharashtra
Contact
+918657035104MICR Code Structure
400
City
088
Bank
045
Branch
City code 400 identifies the RBI clearing centre, bank code 088 identifies Saraswat Co-operative Bank, and branch code 045 identifies this specific branch.
Online Payment Methods Supported
Other Saraswat 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 (SRCB0000491) 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 400088045 is in the middle, and your account number is on the right.