Saraswat Co-operative Bank Sme Panaji
Sme Panaji · North Goa, Goa
403088007 is the MICR code for the Sme Panaji branch of Saraswat Co-operative Bank, located in North Goa, Goa. 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 SRCB0000282.
Bank
Saraswat Co-operative Bank
Branch & Address
Sme Panaji
Tristar Building, 2nd Floor, 13-b, Edc Complex, Patto Plaza, Panaji, Goa-403001.
North Goa, Panaji, Goa
Contact
+918322437021MICR Code Structure
403
City
088
Bank
007
Branch
City code 403 identifies the RBI clearing centre, bank code 088 identifies Saraswat Co-operative Bank, and branch code 007 identifies this specific branch.
Online Payment Methods Supported
Other Saraswat Co-operative Bank branches near North Goa
Other banks in North Goa, Goa
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 (SRCB0000282) 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 403088007 is in the middle, and your account number is on the right.