Lokvikas Nagari Sahakari Bank Aurangabad Lokvikas Nagari Sahkari Bank Kannad
Lokvikas Nagari Sahkari Bank Kannad · Aurangabad, Maharashtra
431661010 is the MICR code for the Lokvikas Nagari Sahkari Bank Kannad branch of Lokvikas Nagari Sahakari Bank Aurangabad, 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 YESB0LNSB10.
Bank
Lokvikas Nagari Sahakari Bank Aurangabad
Branch & Address
Lokvikas Nagari Sahkari Bank Kannad
Plot no 4 by 242 Shop no B1 B5 Khandelwal Comp Near Bus Stand Kannad Tq Kannad Aurangabad 431103
Aurangabad, Kannad, Maharashtra
Contact
+912835222209MICR Code Structure
431
City
661
Bank
010
Branch
City code 431 identifies the RBI clearing centre, bank code 661 identifies Lokvikas Nagari Sahakari Bank Aurangabad, and branch code 010 identifies this specific branch.
Online Payment Methods Supported
Other Lokvikas Nagari Sahakari Bank Aurangabad branches near Aurangabad
Other banks in Aurangabad, 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 (YESB0LNSB10) 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 431661010 is in the middle, and your account number is on the right.