Sangamner Merchants Co-operative Bank Sangamner Merchants Co-operative Bank IMPS
Sangamner Merchants Co-operative Bank IMPS · Mumbai, Maharashtra
422804201 is the MICR code for the Sangamner Merchants Co-operative Bank IMPS branch of Sangamner Merchants Co-operative 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 HDFC0CTSMCB.
Bank
Sangamner Merchants Co-operative Bank
Branch & Address
Sangamner Merchants Co-operative Bank IMPS
Indira Gandhi Marg New Nagar Road
Mumbai, Sangamner, Maharashtra
Contact
+919960936640Codes for this Branch
MICR (cheques)
422804201
IFSC (online transfers)
HDFC0CTSMCB
SWIFT / BIC
HDFCINBB
MICR Code Structure
422
City
804
Bank
201
Branch
City code 422 identifies the RBI clearing centre, bank code 804 identifies Sangamner Merchants Co-operative Bank, and branch code 201 identifies this specific branch.
Online Payment Methods Supported
Other Sangamner Merchants Co-operative 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 (HDFC0CTSMCB) 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 422804201 is in the middle, and your account number is on the right.