Shankar Nagari Sahakari Bank Shankar Nagari Sahakari Bank IMPS
Shankar Nagari Sahakari Bank IMPS · Mumbai, Maharashtra
431811101 is the MICR code for the Shankar Nagari Sahakari Bank IMPS branch of Shankar Nagari Sahakari Bank, 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 SVCB0023002.
Bank
Shankar Nagari Sahakari Bank
Branch & Address
Shankar Nagari Sahakari Bank IMPS
Pokarn Complex, New Mondha, Nanded
Mumbai, New Mondha, Maharashtra
Contact
+912466285566MICR Code Structure
431
City
811
Bank
101
Branch
City code 431 identifies the RBI clearing centre, bank code 811 identifies Shankar Nagari Sahakari Bank, and branch code 101 identifies this specific branch.
Online Payment Methods Supported
Other Shankar Nagari Sahakari Bank branches near Mumbai
Other banks in Mumbai, 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 (SVCB0023002) 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 431811101 is in the middle, and your account number is on the right.