Maharashtra Gramin Bank Madsangvi
Madsangvi · Nashik, Maharashtra
422570506 is the MICR code for the Madsangvi branch of Maharashtra Gramin Bank, located in Nashik, 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 MAHG0005710.
Bank
Maharashtra Gramin Bank
Branch & Address
Madsangvi
Gut no 295 4 Plot no 5 Shree Ganesh Sankul Nasik Aurangabad Highway at Madsangvi Tq Dist Nasik
Nashik, Madsangvi, Maharashtra
Contact
+912225344059MICR Code Structure
422
City
570
Bank
506
Branch
City code 422 identifies the RBI clearing centre, bank code 570 identifies Maharashtra Gramin Bank, and branch code 506 identifies this specific branch.
Online Payment Methods Supported
Other Maharashtra Gramin Bank branches near Nashik
Other banks in Nashik, 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 (MAHG0005710) 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 422570506 is in the middle, and your account number is on the right.