Palus Sahakari Bank Palus Sahakari Bank IMPS
Palus Sahakari Bank IMPS · Mumbai, Maharashtra
416879276 is the MICR code for the Palus Sahakari Bank IMPS branch of Palus Sahakari Bank, 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 UTIB0SPSB01.
Bank
Palus Sahakari Bank
Branch & Address
Palus Sahakari Bank IMPS
Main Road Palus Taluka Palus PIN Code 416 310
Mumbai, Palus, Maharashtra
Contact
+912346226255MICR Code Structure
416
City
879
Bank
276
Branch
City code 416 identifies the RBI clearing centre, bank code 879 identifies Palus Sahakari Bank, and branch code 276 identifies this specific branch.
Online Payment Methods Supported
Other Palus Sahakari Bank 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 (UTIB0SPSB01) 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 416879276 is in the middle, and your account number is on the right.