Maratha Co-operative Bank Maratha Co-operative Bank IMPS
Maratha Co-operative Bank IMPS · Mumbai, Maharashtra
590807002 is the MICR code for the Maratha Co-operative Bank IMPS branch of Maratha Co-operative Bank, 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 IBKL0101MCB.
Bank
Maratha Co-operative Bank
Branch & Address
Maratha Co-operative Bank IMPS
1477, Baswan Galli, Belgaum
Mumbai, Belgaum, Maharashtra
Contact
+918312420535MICR Code Structure
590
City
807
Bank
002
Branch
City code 590 identifies the RBI clearing centre, bank code 807 identifies Maratha Co-operative Bank, and branch code 002 identifies this specific branch.
Online Payment Methods Supported
Other Maratha Co-operative Bank 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 (IBKL0101MCB) 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 590807002 is in the middle, and your account number is on the right.