Shri Chhatrapati Rajashri Shahu Urban Co-operative Bank Shevgaon
Shevgaon · Beed, Maharashtra
414816501 is the MICR code for the Shevgaon branch of Shri Chhatrapati Rajashri Shahu Urban Co-operative Bank, located in Beed, 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 CRUB0000017.
Bank
Shri Chhatrapati Rajashri Shahu Urban Co-operative Bank
Branch & Address
Shevgaon
Nevasa Road, Shevgaon, Dist. Ahemadnagar, State Maharashtra -414502
Beed, Shevgaon, Maharashtra
Contact
+912429221054MICR Code Structure
414
City
816
Bank
501
Branch
City code 414 identifies the RBI clearing centre, bank code 816 identifies Shri Chhatrapati Rajashri Shahu Urban Co-operative Bank, and branch code 501 identifies this specific branch.
Online Payment Methods Supported
Other Shri Chhatrapati Rajashri Shahu Urban Co-operative Bank branches near Beed
Other banks in Beed, 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 (CRUB0000017) 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 414816501 is in the middle, and your account number is on the right.