Mahanagar Co-operative Bank Kharghar
Kharghar · Thane, Maharashtra
400096024 is the MICR code for the Kharghar branch of Mahanagar Co-operative Bank, located in Thane, 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 MCBL0960024.
Bank
Mahanagar Co-operative Bank
Branch & Address
Kharghar
F/85, Sanyukta Chs. Sector 12, Kharghar, Navi Mumbai, PIN 410210.ph. No. 022 27746364
Thane, Navi Mumbai, Maharashtra
Contact
+912227746364MICR Code Structure
400
City
096
Bank
024
Branch
City code 400 identifies the RBI clearing centre, bank code 096 identifies Mahanagar Co-operative Bank, and branch code 024 identifies this specific branch.
Online Payment Methods Supported
Other Mahanagar Co-operative Bank branches near Thane
Other banks in Thane, 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 (MCBL0960024) 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 400096024 is in the middle, and your account number is on the right.