Which bank does MICR code 500240270 belong to?

MICR code 500240270 belongs to Neela Krishna Co-operative Urban Bank, Neela Krishna Co-operative Urban Bank IMPS branch, located at 5 1 27, Mahalaxmi Complex, R.p.road, Secunderabad 500, Mumbai, Maharashtra. The corresponding IFSC code is HDFC0CNEELA.

What is the IFSC code for MICR 500240270?

The IFSC code for Neela Krishna Co-operative Urban Bank Neela Krishna Co-operative Urban Bank IMPS branch (MICR: 500240270) is HDFC0CNEELA. Use the IFSC code for NEFT, RTGS, IMPS, and UPI transfers. Use the MICR code for cheque clearance.

What do the digits in a MICR code mean?

A 9-digit MICR code has three parts: the first 3 digits (500) represent the city/clearing centre, the next 3 digits (240) identify the bank, and the last 3 digits (270) identify the specific branch. For 500240270, the city code is 500, bank code is 240, and branch code is 270.

Neela Krishna Co-operative Urban Bank Neela Krishna Co-operative Urban Bank IMPS

Neela Krishna Co-operative Urban Bank IMPS · Mumbai, Maharashtra

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500240270

500240270 is the MICR code for the Neela Krishna Co-operative Urban Bank IMPS branch of Neela Krishna Co-operative Urban 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 HDFC0CNEELA.

Bank

Neela Krishna Co-operative Urban Bank

Branch & Address

Neela Krishna Co-operative Urban Bank IMPS

5 1 27, Mahalaxmi Complex, R.p.road, Secunderabad 500

Mumbai, Secunderabad, Maharashtra

Contact

+914027701182

Codes for this Branch

MICR (cheques)

500240270

IFSC (online transfers)

HDFC0CNEELA

View

SWIFT / BIC

HDFCINBB

MICR Code Structure

500

City

240

Bank

270

Branch

City code 500 identifies the RBI clearing centre, bank code 240 identifies Neela Krishna Co-operative Urban Bank, and branch code 270 identifies this specific branch.

Online Payment Methods Supported

NEFT

RTGS

IMPS

UPI

Other Neela Krishna Co-operative Urban Bank branches near Mumbai

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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 (HDFC0CNEELA) 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 500240270 is in the middle, and your account number is on the right.

View full branch details for IFSC HDFC0CNEELA