SVC Co-operative Bank Ulwe
Ulwe · Raigad, Maharashtra
410089003 is the MICR code for the Ulwe branch of SVC Co-operative 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 SVCB0000189.
Bank
SVC Co-operative Bank
Branch & Address
Ulwe
Shop No. 26, 27 and 28, Ground Floor, Mahaveer Mannat Chs. Ltd., Plot no 168, Sector 9, Ulwe, Raigad- 410206
Raigad, Ulwe, Maharashtra
MICR Code Structure
410
City
089
Bank
003
Branch
City code 410 identifies the RBI clearing centre, bank code 089 identifies SVC Co-operative Bank, and branch code 003 identifies this specific branch.
Online Payment Methods Supported
Other SVC Co-operative 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 (SVCB0000189) 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 410089003 is in the middle, and your account number is on the right.