Saraswat Co-operative Bank Midc Ahilya Nagar
Midc Ahilya Nagar · Ahilya Nagar, Maharashtra
414088002 is the MICR code for the Midc Ahilya Nagar branch of Saraswat Co-operative Bank, located in Ahilya Nagar, 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 SRCB0000400.
Bank
Saraswat Co-operative Bank
Branch & Address
Midc Ahilya Nagar
Plot No. X 31-2, Nagpur-ahmednagar Midc, Near It Building, Taluka and Dist Ahilya Nagar 414111
Ahilya Nagar, Ahilya Nagar, Maharashtra
Contact
+912412777602MICR Code Structure
414
City
088
Bank
002
Branch
City code 414 identifies the RBI clearing centre, bank code 088 identifies Saraswat Co-operative Bank, and branch code 002 identifies this specific branch.
Online Payment Methods Supported
Other Saraswat Co-operative Bank branches near Ahilya Nagar
Other banks in Ahilya Nagar, 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 (SRCB0000400) 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 414088002 is in the middle, and your account number is on the right.