SVC Co-operative Bank Dhule
Dhule · Dhule, Maharashtra
424089001 is the MICR code for the Dhule branch of SVC Co-operative Bank, located in Dhule, 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 SVCB0000167.
Bank
SVC Co-operative Bank
Branch & Address
Dhule
House no 1411 Matru Sadan Lane no 4 Dhule 424001
Dhule, Dhule, Maharashtra
Contact
+912562238700MICR Code Structure
424
City
089
Bank
001
Branch
City code 424 identifies the RBI clearing centre, bank code 089 identifies SVC Co-operative Bank, and branch code 001 identifies this specific branch.
Online Payment Methods Supported
Other SVC Co-operative Bank branches near Dhule
Other banks in Dhule, 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 (SVCB0000167) 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 424089001 is in the middle, and your account number is on the right.