Telangana State Co-operative Apex Bank Maruthi Nagar
Maruthi Nagar · Ranga Reddy, Telangana
500874024 is the MICR code for the Maruthi Nagar branch of Telangana State Co-operative Apex Bank, located in Ranga Reddy, 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 TSAB0000124.
Bank
Telangana State Co-operative Apex Bank
Branch & Address
Maruthi Nagar
Plot no 1, Sy No.174, Maruthi Nagar, Near Jain Mandir, Kothapet, Hyderabad-60
Ranga Reddy, Hyderabad, Telangana
Contact
+914023443803MICR Code Structure
500
City
874
Bank
024
Branch
City code 500 identifies the RBI clearing centre, bank code 874 identifies Telangana State Co-operative Apex Bank, and branch code 024 identifies this specific branch.
Online Payment Methods Supported
Other Telangana State Co-operative Apex Bank branches near Ranga Reddy
Other banks in Ranga Reddy, 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 (TSAB0000124) 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 500874024 is in the middle, and your account number is on the right.