Which bank does MICR code 431661001 belong to?

MICR code 431661001 belongs to Lokvikas Nagari Sahakari Bank Aurangabad, Lokvikas Nagari Sahakari Bank Aurangabad IMPS branch, located at Lokvikas Bhavan, 10 Seven Hill Colony, Jalana Raod Aurangabad 431001, Mumbai, Maharashtra. The corresponding IFSC code is YESB0LNSB01.

What is the IFSC code for MICR 431661001?

The IFSC code for Lokvikas Nagari Sahakari Bank Aurangabad Lokvikas Nagari Sahakari Bank Aurangabad IMPS branch (MICR: 431661001) is YESB0LNSB01. 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 (661) identify the bank, and the last 3 digits (001) identify the specific branch. For 431661001, the city code is 431, bank code is 661, and branch code is 001.

Lokvikas Nagari Sahakari Bank Aurangabad Lokvikas Nagari Sahakari Bank Aurangabad IMPS

Lokvikas Nagari Sahakari Bank Aurangabad IMPS · Mumbai, Maharashtra

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431661001

431661001 is the MICR code for the Lokvikas Nagari Sahakari Bank Aurangabad IMPS branch of Lokvikas Nagari Sahakari Bank Aurangabad, located in Mumbai, 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 YESB0LNSB01.

Bank

Lokvikas Nagari Sahakari Bank Aurangabad

Branch & Address

Lokvikas Nagari Sahakari Bank Aurangabad IMPS

Lokvikas Bhavan, 10 Seven Hill Colony, Jalana Raod Aurangabad 431001

Mumbai, Aurangabad, Maharashtra

Contact

+912402341725

Codes for this Branch

MICR (cheques)

431661001

IFSC (online transfers)

YESB0LNSB01

View

MICR Code Structure

431

City

661

Bank

001

Branch

City code 431 identifies the RBI clearing centre, bank code 661 identifies Lokvikas Nagari Sahakari Bank Aurangabad, and branch code 001 identifies this specific branch.

Online Payment Methods Supported

NEFT

RTGS

IMPS

UPI

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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 (YESB0LNSB01) 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 431661001 is in the middle, and your account number is on the right.

View full branch details for IFSC YESB0LNSB01