Shri Mahalaxmi Co-operative Bank Kolhapur Shri Mahalaxmi Co-operative Bank Kolhapur IMPS
Shri Mahalaxmi Co-operative Bank Kolhapur IMPS · Mumbai, Maharashtra
416389001 is the MICR code for the Shri Mahalaxmi Co-operative Bank Kolhapur IMPS branch of Shri Mahalaxmi Co-operative Bank Kolhapur, located in Mumbai, 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 IBKL0116MCO.
Bank
Shri Mahalaxmi Co-operative Bank Kolhapur
Branch & Address
Shri Mahalaxmi Co-operative Bank Kolhapur IMPS
Shri Mahalaxmi Co Operative Bank LTD Shree Bhavan, 167, B Ward, Mangalwar Peth, Kolhapur 416012
Mumbai, Kolhapur, Maharashtra
Contact
+912325530530MICR Code Structure
416
City
389
Bank
001
Branch
City code 416 identifies the RBI clearing centre, bank code 389 identifies Shri Mahalaxmi Co-operative Bank Kolhapur, and branch code 001 identifies this specific branch.
Online Payment Methods Supported
Other Shri Mahalaxmi Co-operative Bank Kolhapur branches near Mumbai
Other banks in Mumbai, 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 (IBKL0116MCO) 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 416389001 is in the middle, and your account number is on the right.