Shri Chhatrapati Rajashri Shahu Urban Co-operative Bank Canal Road
Canal Road · Beed, Maharashtra
431840305 is the MICR code for the Canal Road branch of Shri Chhatrapati Rajashri Shahu Urban Co-operative 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 CRUB0000024.
Bank
Shri Chhatrapati Rajashri Shahu Urban Co-operative Bank
Branch & Address
Canal Road
Canal Road, Beed, Dist. Beed, State Maharashtra - 431122
Beed, Beed, Maharashtra
Contact
+912442223154MICR Code Structure
431
City
840
Bank
305
Branch
City code 431 identifies the RBI clearing centre, bank code 840 identifies Shri Chhatrapati Rajashri Shahu Urban Co-operative Bank, and branch code 305 identifies this specific branch.
Online Payment Methods Supported
Other Shri Chhatrapati Rajashri Shahu Urban Co-operative 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 (CRUB0000024) 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 431840305 is in the middle, and your account number is on the right.