Yes Bank Rahimatpur Sahakari Bank LTD Satara Khed
Rahimatpur Sahakari Bank LTD Satara Khed · Satara, Maharashtra
415870502 is the MICR code for the Rahimatpur Sahakari Bank LTD Satara Khed branch of Yes Bank, located in Satara, 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 YESB0RHMB02.
Bank
Yes Bank
Branch & Address
Rahimatpur Sahakari Bank LTD Satara Khed
Krishna Nagar, Gr. Floor, Plot no 2, Servey no 21, Anubhav, Satara - 415003
Satara, Satara, Maharashtra
Contact
+912162244579MICR Code Structure
415
City
870
Bank
502
Branch
City code 415 identifies the RBI clearing centre, bank code 870 identifies Yes Bank, and branch code 502 identifies this specific branch.
Online Payment Methods Supported
Other Yes Bank branches near Satara
Other banks in Satara, 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 (YESB0RHMB02) 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 415870502 is in the middle, and your account number is on the right.