ICICI Bank The Satana Merchants Coop Bank LTD
The Satana Merchants Coop Bank LTD · Nasik, Maharashtra
423816151 is the MICR code for the The Satana Merchants 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 ICIC00TSMCB.
Bank
ICICI Bank
Branch & Address
The Satana Merchants Coop Bank LTD
Dhanlaxmi Taharabad Rd.satana Nashik Maharashtra 423301
Nasik, Satana, Maharashtra
Contact
+918275023537MICR Code Structure
423
City
816
Bank
151
Branch
City code 423 identifies the RBI clearing centre, bank code 816 identifies ICICI Bank, and branch code 151 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 (ICIC00TSMCB) 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 423816151 is in the middle, and your account number is on the right.