Municipal Co-operative Bank Borivali
Borivali · Greater Bombay, Maharashtra
400110021 is the MICR code for the Borivali branch of Municipal Co-operative Bank, located in Greater Bombay, 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 MUBL0000021.
Bank
Municipal Co-operative Bank
Branch & Address
Borivali
Prabodhankar Thackare Natya Griha, Sodawala Lane, Borivali (w), Mumbai-400 092
Greater Bombay, Mumbai, Maharashtra
Contact
28912244MICR Code Structure
400
City
110
Bank
021
Branch
City code 400 identifies the RBI clearing centre, bank code 110 identifies Municipal Co-operative Bank, and branch code 021 identifies this specific branch.
Online Payment Methods Supported
Other Municipal Co-operative Bank branches near Greater Bombay
Other banks in Greater Bombay, 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 (MUBL0000021) 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 400110021 is in the middle, and your account number is on the right.