Yes Bank Alibag Co Operative Urban Bank LTD
Alibag Co Operative Urban Bank LTD · Raigad, Maharashtra
402820101 is the MICR code for the Alibag Co Operative Urban Bank LTD branch of Yes Bank, located in Raigad, 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 YESB00ACUBL.
Bank
Yes Bank
Branch & Address
Alibag Co Operative Urban Bank LTD
Maharshi Karve Rd, Alibag, Raigad 402201
Raigad, Alibag, Maharashtra
Contact
+912141224464MICR Code Structure
402
City
820
Bank
101
Branch
City code 402 identifies the RBI clearing centre, bank code 820 identifies Yes Bank, and branch code 101 identifies this specific branch.
Online Payment Methods Supported
Other Yes Bank branches near Raigad
Other banks in Raigad, 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 (YESB00ACUBL) 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 402820101 is in the middle, and your account number is on the right.