Ahmednagar Merchants Co-operative Bank Sonai
Sonai · Ahmedangar, Maharashtra
414776505 is the MICR code for the Sonai branch of Ahmednagar Merchants Co-operative Bank, located in Ahmedangar, 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 AMDN0000114.
Bank
Ahmednagar Merchants Co-operative Bank
Branch & Address
Sonai
CTS No.1297, Main Road, Sonai Peth, at Post Sonai, Tal.newasa, Dist Ahmednagar 414105
Ahmedangar, Sonai, Maharashtra
Contact
+912427230000MICR Code Structure
414
City
776
Bank
505
Branch
City code 414 identifies the RBI clearing centre, bank code 776 identifies Ahmednagar Merchants Co-operative Bank, and branch code 505 identifies this specific branch.
Online Payment Methods Supported
Other Ahmednagar Merchants Co-operative Bank branches near Ahmedangar
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 (AMDN0000114) 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 414776505 is in the middle, and your account number is on the right.