Ahmednagar District Central Co-operative Bank Loni
Loni · Ahmednagar, Maharashtra
423885511 is the MICR code for the Loni branch of Ahmednagar District Central Co-operative Bank, located in Ahmednagar, 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 AHDC0000099.
Bank
Ahmednagar District Central Co-operative Bank
Branch & Address
Loni
Post Loni Tal Rahata 414737
Ahmednagar, Loni, Maharashtra
Contact
+9124222273441MICR Code Structure
423
City
885
Bank
511
Branch
City code 423 identifies the RBI clearing centre, bank code 885 identifies Ahmednagar District Central Co-operative Bank, and branch code 511 identifies this specific branch.
Online Payment Methods Supported
Other Ahmednagar District Central Co-operative Bank branches near Ahmednagar
Other banks in Ahmednagar, 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 (AHDC0000099) 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 423885511 is in the middle, and your account number is on the right.