ICICI Bank The Chandwad Merchant S Coop Bank LTD
The Chandwad Merchant S Coop Bank LTD · Nasik, Maharashtra
422899501 is the MICR code for the The Chandwad Merchant S Coop Bank LTD branch of ICICI Bank, located in Nasik, 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 ICIC00CMCBL.
Bank
ICICI Bank
Branch & Address
The Chandwad Merchant S Coop Bank LTD
Kamdhenu Shriram Road Chandwad District Nashik 423101
Nasik, Nashik, Maharashtra
Contact
+912556252278MICR Code Structure
422
City
899
Bank
501
Branch
City code 422 identifies the RBI clearing centre, bank code 899 identifies ICICI Bank, and branch code 501 identifies this specific branch.
Online Payment Methods Supported
Other ICICI Bank branches near Nasik
Other banks in Nasik, 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 (ICIC00CMCBL) 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 422899501 is in the middle, and your account number is on the right.