Maharashtra Gramin Bank Chincholi Mali
Chincholi Mali · Beed, Maharashtra
431570582 is the MICR code for the Chincholi Mali branch of Maharashtra Gramin Bank, located in Beed, 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 MAHG0004508.
Bank
Maharashtra Gramin Bank
Branch & Address
Chincholi Mali
At Chincholi Mali Tq Kaij Dist Beed
Beed, Chincholi Mali, Maharashtra
Contact
+912445235501MICR Code Structure
431
City
570
Bank
582
Branch
City code 431 identifies the RBI clearing centre, bank code 570 identifies Maharashtra Gramin Bank, and branch code 582 identifies this specific branch.
Online Payment Methods Supported
Other Maharashtra Gramin Bank branches near Beed
Other banks in Beed, 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 (MAHG0004508) 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 431570582 is in the middle, and your account number is on the right.