SVC Co-operative Bank Tirumala Coop Urb Bk Medipally
Tirumala Coop Urb Bk Medipally · Hyderabad, Telangana
500259098 is the MICR code for the Tirumala Coop Urb Bk Medipally branch of SVC Co-operative Bank, located in Hyderabad, Telangana. 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 SVCB0028003.
Bank
SVC Co-operative Bank
Branch & Address
Tirumala Coop Urb Bk Medipally
Plot no 10, 11, Ward no 13, Sai Nagar Colony, Opp Pillar no 103, Lane Opp to Hanuman Temple, Medipally, Hyderabad - 500098, Ts.
Hyderabad, Hyderabad, Telangana
Contact
+917207878020MICR Code Structure
500
City
259
Bank
098
Branch
City code 500 identifies the RBI clearing centre, bank code 259 identifies SVC Co-operative Bank, and branch code 098 identifies this specific branch.
Online Payment Methods Supported
Other SVC Co-operative Bank branches near Hyderabad
Other banks in Hyderabad, Telangana
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 (SVCB0028003) 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 500259098 is in the middle, and your account number is on the right.