SVC Co-operative Bank The Kalwan Merchants Coop Bank Ltd-kalwan
The Kalwan Merchants Coop Bank Ltd-kalwan · Nashik, Maharashtra
422933501 is the MICR code for the The Kalwan Merchants Coop Bank Ltd-kalwan branch of SVC Co-operative 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 SVCB0038002.
Bank
SVC Co-operative Bank
Branch & Address
The Kalwan Merchants Coop Bank Ltd-kalwan
Saptashrungi, G.t.kothawade Path, Shivaji Nagar, Kalwan, Nashik - 423 501
Nashik, Kalwan, Maharashtra
Contact
+912592221223MICR Code Structure
422
City
933
Bank
501
Branch
City code 422 identifies the RBI clearing centre, bank code 933 identifies SVC Co-operative Bank, and branch code 501 identifies this specific branch.
Online Payment Methods Supported
Other SVC Co-operative 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 (SVCB0038002) 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 422933501 is in the middle, and your account number is on the right.