SVC Co-operative Bank Arvind Sahakari Bank Ltd- Saoner
Arvind Sahakari Bank Ltd- Saoner · Nagpur, Maharashtra
441823501 is the MICR code for the Arvind Sahakari Bank Ltd- Saoner branch of SVC Co-operative Bank, located in Nagpur, 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 SVCB0015004.
Bank
SVC Co-operative Bank
Branch & Address
Arvind Sahakari Bank Ltd- Saoner
House no 42, Awadhut Wadi, Civil Lines, Saoner-441107
Nagpur, Saoner, Maharashtra
Contact
+917113234451MICR Code Structure
441
City
823
Bank
501
Branch
City code 441 identifies the RBI clearing centre, bank code 823 identifies SVC Co-operative Bank, and branch code 501 identifies this specific branch.
Online Payment Methods Supported
Other SVC Co-operative Bank branches near Nagpur
Other banks in Nagpur, 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 (SVCB0015004) 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 441823501 is in the middle, and your account number is on the right.