Bilagi Pattana Sahakari Bank Niyamit Bilagi Pattana Sahakari Bank Niyamit IMPS
Bilagi Pattana Sahakari Bank Niyamit IMPS · Mumbai, Maharashtra
587871501 is the MICR code for the Bilagi Pattana Sahakari Bank Niyamit IMPS branch of Bilagi Pattana Sahakari Bank Niyamit, 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 IBKL01071BP.
Bank
Bilagi Pattana Sahakari Bank Niyamit
Branch & Address
Bilagi Pattana Sahakari Bank Niyamit IMPS
Niyamit, Near Bus Stand Bagalkote 587116, Karnataka
Mumbai, Bilgi, Maharashtra
Contact
+918425276478MICR Code Structure
587
City
871
Bank
501
Branch
City code 587 identifies the RBI clearing centre, bank code 871 identifies Bilagi Pattana Sahakari Bank Niyamit, and branch code 501 identifies this specific branch.
Online Payment Methods Supported
Other Bilagi Pattana Sahakari Bank Niyamit 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 (IBKL01071BP) 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 587871501 is in the middle, and your account number is on the right.