Nanded Merchants Co-operative Bank Nanded Nanded Merchants Co-operative Bank Nanded IMPS
Nanded Merchants Co-operative Bank Nanded IMPS · Mumbai, Maharashtra
431883000 is the MICR code for the Nanded Merchants Co-operative Bank Nanded IMPS branch of Nanded Merchants Co-operative Bank Nanded, 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 IBKL0500NMC.
Bank
Nanded Merchants Co-operative Bank Nanded
Branch & Address
Nanded Merchants Co-operative Bank Nanded IMPS
The Nanded Merchant Co Op Bank Ltd, Head Office, Mahatma Gandhi Road, Nanded 431604
Mumbai, Nanded, Maharashtra
Contact
+912462283434MICR Code Structure
431
City
883
Bank
000
Branch
City code 431 identifies the RBI clearing centre, bank code 883 identifies Nanded Merchants Co-operative Bank Nanded, and branch code 000 identifies this specific branch.
Online Payment Methods Supported
Other Nanded Merchants Co-operative Bank Nanded 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 (IBKL0500NMC) 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 431883000 is in the middle, and your account number is on the right.