Which bank does MICR code 431570521 belong to?

MICR code 431570521 belongs to Maharashtra Gramin Bank, Sawalatbara branch, located at At Sawalatbara Tq Dist Aurangabad, Aurangabad, Maharashtra. The corresponding IFSC code is MAHG0005128.

What is the IFSC code for MICR 431570521?

The IFSC code for Maharashtra Gramin Bank Sawalatbara branch (MICR: 431570521) is MAHG0005128. Use the IFSC code for NEFT, RTGS, IMPS, and UPI transfers. Use the MICR code for cheque clearance.

What do the digits in a MICR code mean?

A 9-digit MICR code has three parts: the first 3 digits (431) represent the city/clearing centre, the next 3 digits (570) identify the bank, and the last 3 digits (521) identify the specific branch. For 431570521, the city code is 431, bank code is 570, and branch code is 521.

Maharashtra Gramin Bank Sawalatbara

Sawalatbara · Aurangabad, Maharashtra

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431570521

431570521 is the MICR code for the Sawalatbara branch of Maharashtra Gramin Bank, located in Aurangabad, 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 MAHG0005128.

Bank

Maharashtra Gramin Bank

Branch & Address

Sawalatbara

At Sawalatbara Tq Dist Aurangabad

Aurangabad, Sawalatbara, Maharashtra

Contact

+912438245130

Codes for this Branch

MICR (cheques)

431570521

IFSC (online transfers)

MAHG0005128

View

MICR Code Structure

431

City

570

Bank

521

Branch

City code 431 identifies the RBI clearing centre, bank code 570 identifies Maharashtra Gramin Bank, and branch code 521 identifies this specific branch.

Online Payment Methods Supported

NEFT

RTGS

IMPS

UPI

Other Maharashtra Gramin Bank branches near Aurangabad

Adul Aurangabad, Maharashtra MAHG0005140 Aland Aurangabad, Maharashtra MAHG0005137 Ambhai Aurangabad, Maharashtra MAHG0005123 Babra Aurangabad, Maharashtra MAHG0005122 Balanagar Aurangabad, Maharashtra MAHG0005103 Bidkin Aurangabad, Maharashtra MAHG0005136

Other banks in Aurangabad, Maharashtra

Abhyudaya Co-operative Bank 2 branches Ahmednagar Merchants Co-operative Bank 2 branches Akola Janata Commercial Co-operative Bank 1 branch Akola Urban Co-operative Bank 1 branch Ankola Urban Co-operative Bank 1 branch AU Small Finance Bank 3 branches Axis Bank 13 branches Bandhan Bank 8 branches

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 (MAHG0005128) 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 431570521 is in the middle, and your account number is on the right.

View full branch details for IFSC MAHG0005128