Merchants Souharda Sahakara Bank Niyamitha Merchants Souharda Sahakara Bank Niyamitha IMPS
Merchants Souharda Sahakara Bank Niyamitha IMPS · Mumbai, Maharashtra
577810502 is the MICR code for the Merchants Souharda Sahakara Bank Niyamitha IMPS branch of Merchants Souharda Sahakara Bank Niyamitha, 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 IBKL01241MB.
Bank
Merchants Souharda Sahakara Bank Niyamitha
Branch & Address
Merchants Souharda Sahakara Bank Niyamitha IMPS
No 1st Floor Santhepet Near Gandhi Circle Chitradurga 577501
Mumbai, Chitradurga, Maharashtra
Contact
+918277065263MICR Code Structure
577
City
810
Bank
502
Branch
City code 577 identifies the RBI clearing centre, bank code 810 identifies Merchants Souharda Sahakara Bank Niyamitha, and branch code 502 identifies this specific branch.
Online Payment Methods Supported
Other Merchants Souharda Sahakara Bank Niyamitha branches near Mumbai
Other banks in Mumbai, Maharashtra
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 (IBKL01241MB) 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 577810502 is in the middle, and your account number is on the right.