SVC Co-operative Bank Bhopal
Bhopal · Bhopal, Madhya Pradesh
462089001 is the MICR code for the Bhopal branch of SVC Co-operative Bank, located in Bhopal, Madhya Pradesh. 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 SVCB0000168.
Bank
SVC Co-operative Bank
Branch & Address
Bhopal
Surya Tower, E/5/7, Bitten Market, Arera Colony, Bhopal Madhy Pradesh 462016.
Bhopal, Bhopal, Madhya Pradesh
Contact
+917552441444MICR Code Structure
462
City
089
Bank
001
Branch
City code 462 identifies the RBI clearing centre, bank code 089 identifies SVC Co-operative Bank, and branch code 001 identifies this specific branch.
Online Payment Methods Supported
Other SVC Co-operative Bank branches near Bhopal
Other banks in Bhopal, Madhya Pradesh
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 (SVCB0000168) 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 462089001 is in the middle, and your account number is on the right.