Kagal Co-operative Bank Kagal Kagal Co-operative Bank Kagal IMPS
Kagal Co-operative Bank Kagal IMPS · Mumbai, Maharashtra
416877000 is the MICR code for the Kagal Co-operative Bank Kagal IMPS branch of Kagal Co-operative Bank Kagal, 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 IBKL0116KCB.
Bank
Kagal Co-operative Bank Kagal
Branch & Address
Kagal Co-operative Bank Kagal IMPS
836/837, Main Road, Guruwar Peth, Kagal, Kolhapur-416 216
Mumbai, Kagal, Maharashtra
Contact
+912325243412MICR Code Structure
416
City
877
Bank
000
Branch
City code 416 identifies the RBI clearing centre, bank code 877 identifies Kagal Co-operative Bank Kagal, and branch code 000 identifies this specific branch.
Online Payment Methods Supported
Other Kagal Co-operative Bank Kagal 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 (IBKL0116KCB) 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 416877000 is in the middle, and your account number is on the right.