Saraswat Co-operative Bank Ghansoli
Ghansoli · Navi Mumbai, Maharashtra
400088164 is the MICR code for the Ghansoli branch of Saraswat Co-operative Bank, located in Navi 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 SRCB0000484.
Bank
Saraswat Co-operative Bank
Branch & Address
Ghansoli
Shop no 13 14 15 Satyam Imperial Heights Chs Lotd Plot no 11 Sector no 11 Ghansoli Navi Mumbai 400701
Navi Mumbai, Navi Mumbai, Maharashtra
Contact
+918657050276MICR Code Structure
400
City
088
Bank
164
Branch
City code 400 identifies the RBI clearing centre, bank code 088 identifies Saraswat Co-operative Bank, and branch code 164 identifies this specific branch.
Online Payment Methods Supported
Other Saraswat Co-operative Bank branches near Navi Mumbai
Other banks in Navi 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 (SRCB0000484) 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 400088164 is in the middle, and your account number is on the right.