Which bank does MICR code 414570502 belong to?

MICR code 414570502 belongs to Maharashtra Gramin Bank, Mukindpur Newasa Phata branch, located at At Mukindpur Newasa Phata Tq Dist Ahmednagar, Ahmednagar, Maharashtra. The corresponding IFSC code is MAHG0005406.

What is the IFSC code for MICR 414570502?

The IFSC code for Maharashtra Gramin Bank Mukindpur Newasa Phata branch (MICR: 414570502) is MAHG0005406. Use the IFSC code for NEFT, RTGS, IMPS, and UPI transfers. Use the MICR code for cheque clearance.

What do the digits in a MICR code mean?

A 9-digit MICR code has three parts: the first 3 digits (414) represent the city/clearing centre, the next 3 digits (570) identify the bank, and the last 3 digits (502) identify the specific branch. For 414570502, the city code is 414, bank code is 570, and branch code is 502.

Maharashtra Gramin Bank Mukindpur Newasa Phata

Mukindpur Newasa Phata · Ahmednagar, Maharashtra

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414570502

414570502 is the MICR code for the Mukindpur Newasa Phata branch of Maharashtra Gramin Bank, located in Ahmednagar, 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 MAHG0005406.

Bank

Maharashtra Gramin Bank

Branch & Address

Mukindpur Newasa Phata

At Mukindpur Newasa Phata Tq Dist Ahmednagar

Ahmednagar, Mukindpur Newasa Phata, Maharashtra

Contact

+912427244080

Codes for this Branch

MICR (cheques)

414570502

IFSC (online transfers)

MAHG0005406

View

MICR Code Structure

414

City

570

Bank

502

Branch

City code 414 identifies the RBI clearing centre, bank code 570 identifies Maharashtra Gramin Bank, and branch code 502 identifies this specific branch.

Online Payment Methods Supported

NEFT

RTGS

IMPS

UPI

Other Maharashtra Gramin Bank branches near Ahmednagar

Brahmni Ahmednagar, Maharashtra MAHG0005410 Burhannagar Ahmednagar, Maharashtra MAHG0005408 Dhavalpuri Ahmednagar, Maharashtra MAHG0005411 Gulmohar Coloney Ahmednagar Ahmednagar, Maharashtra MAHG0005401 Kopargaon Ahmednagar, Maharashtra MAHG0005403 Madhi Ahmednagar, Maharashtra MAHG0005404

Other banks in Ahmednagar, Maharashtra

Abhyudaya Co-operative Bank 1 branch Ahmednagar District Central Co-operative Bank 289 branches Ahmednagar Merchants Co-operative Bank 12 branches AU Small Finance Bank 1 branch Axis Bank 14 branches Bandhan Bank 3 branches Bank of India 4 branches Baramati Sahakari Bank 4 branches

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 (MAHG0005406) 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 414570502 is in the middle, and your account number is on the right.

View full branch details for IFSC MAHG0005406