SVC Co-operative Bank Omprakash Deora Peoples Coop Bk Hingoli-hingoli
Omprakash Deora Peoples Coop Bk Hingoli-hingoli · Hingoli, Maharashtra
431569003 is the MICR code for the Omprakash Deora Peoples Coop Bk Hingoli-hingoli branch of SVC Co-operative Bank, located in Hingoli, 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 SVCB0009034.
Bank
SVC Co-operative Bank
Branch & Address
Omprakash Deora Peoples Coop Bk Hingoli-hingoli
Tirupati Nagar Akola Road, Hingoli- 431513
Hingoli, Hingoli, Maharashtra
Contact
+918788770561MICR Code Structure
431
City
569
Bank
003
Branch
City code 431 identifies the RBI clearing centre, bank code 569 identifies SVC Co-operative Bank, and branch code 003 identifies this specific branch.
Online Payment Methods Supported
Other SVC Co-operative Bank branches near Hingoli
Other banks in Hingoli, 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 (SVCB0009034) 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 431569003 is in the middle, and your account number is on the right.