Nasik Road Deolali Vyapari Sahakari Bank Nashik Rd Deolali Bank Malegaon
Nashik Rd Deolali Bank Malegaon · Nasik, Maharashtra
423374101 is the MICR code for the Nashik Rd Deolali Bank Malegaon branch of Nasik Road Deolali Vyapari Sahakari 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 YESB0NRDB28.
Bank
Nasik Road Deolali Vyapari Sahakari Bank
Branch & Address
Nashik Rd Deolali Bank Malegaon
Mahatma Gandhi Road Malegaon Nashik 423203
Nasik, Malegaon, Maharashtra
Contact
+919423965646MICR Code Structure
423
City
374
Bank
101
Branch
City code 423 identifies the RBI clearing centre, bank code 374 identifies Nasik Road Deolali Vyapari Sahakari Bank, and branch code 101 identifies this specific branch.
Online Payment Methods Supported
Other Nasik Road Deolali Vyapari Sahakari 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 (YESB0NRDB28) 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 423374101 is in the middle, and your account number is on the right.