SVC Co-operative Bank Panjim
Panjim · North Goa, Goa
403089002 is the MICR code for the Panjim branch of SVC 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 SVCB0000080.
Bank
SVC Co-operative Bank
Branch & Address
Panjim
Ground Floor, Primavera Bldg, Next to Edc, Dr.atmaram Borkar Road, Panjim, Goa- 403001.
North Goa, Panaji, Goa
Contact
+918322432552MICR Code Structure
403
City
089
Bank
002
Branch
City code 403 identifies the RBI clearing centre, bank code 089 identifies SVC Co-operative Bank, and branch code 002 identifies this specific branch.
Online Payment Methods Supported
Other SVC 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 (SVCB0000080) 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 403089002 is in the middle, and your account number is on the right.