SVC Co-operative Bank Koilkuntla Co-op Bank Ltd- Bethamcherla
Koilkuntla Co-op Bank Ltd- Bethamcherla · Nandyal, Andhra Pradesh
518869003 is the MICR code for the Koilkuntla Co-op Bank Ltd- Bethamcherla branch of SVC Co-operative Bank, located in Nandyal, Andhra 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 SVCB0026005.
Bank
SVC Co-operative Bank
Branch & Address
Koilkuntla Co-op Bank Ltd- Bethamcherla
4/385, Nagara Panchayathi Road, Bethamcherla- 518599
Nandyal, Bethamcherla, Andhra Pradesh
Contact
+918516273455MICR Code Structure
518
City
869
Bank
003
Branch
City code 518 identifies the RBI clearing centre, bank code 869 identifies SVC Co-operative Bank, and branch code 003 identifies this specific branch.
Online Payment Methods Supported
Other SVC Co-operative Bank branches near Nandyal
Other banks in Nandyal, Andhra 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 (SVCB0026005) 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 518869003 is in the middle, and your account number is on the right.