IFSC code for Meghalaya Co-operative Apex Bank, Mendipathar, Mendipathar, Meghalaya

Updated on: Sunday, December 1, 2024

IFSC CODE

MCAB0000006

Meghalaya Co-operative Apex Bank

Mendipathar, North Garo Hills, Meghalaya
Address

Mendipathar,east Garo Hills Dist.

Meghalaya Co-operative Apex Bank

Mendipathar, North Garo Hills, Meghalaya

Address

Mendipathar,east Garo Hills Dist.

Bank Details

IFSC Code

MCAB0000006

MICR Code

NA

Bank Code

(Based on IFSC)

MCAB

Bank Code

(Based on MICR)

NA

Contact

NA

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IFSC Code of Meghalaya Co-operative Apex Bank

Every Meghalaya Co-operative Apex Bank branch in India has a unique Meghalaya Co-operative Apex Bank IFSC Code. Meghalaya Co-operative Apex Bank IFSC Code enables Meghalaya Co-operative Apex Bank account holders to send and receive money electronically. Meghalaya Co-operative Apex Bank IFSC Code is assigned by RBI (Reserve Bank of India) to each branch as it helps in carrying out RTGS and NEFT transactions smoothly.

Benefits of IFSC Code

  • Unique Identification: IFSC code helps in unique identification of all banks and their respective branches.

  • Smooth Fund Transfer: IFSC code enables convenient and hassle-free transfer of funds from one bank account to another.

  • Monitoring Transactions: IFSC code is used by RBI to keep track of all the bank transactions. It lowers the chances of discrepancy.

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Format of Meghalaya Co-operative Apex Bank IFSC Code MCAB0000006

The IFSC code of all accounts in the same branch of the bank is standard. It is an 11 digit alphanumeric code.

  • The first four letters of the code, i.e., MCAB, denotes the name of the bank which is Meghalaya Co-operative Apex Bank.

  • The fifth character is 0.

  • The last six digits of the code, i.e., 000006, represents the branch which is Meghalaya Co-operative Apex Bank

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MICR Code of Meghalaya Co-operative Apex Bank

Every Meghalaya Co-operative Apex Bank branch in India has a unique Meghalaya Co-operative Apex Bank MICR Code. MICR code for Meghalaya Co-operative Apex Bank  can be found on a cheque leaf and bank passbook. It is a 9 digit code printed on the last line of a cheque leaf. One can also find MICR code on the website of Meghalaya Co-operative Apex Bank. MICR code is used for faster and secure processing of cheques.

Benefits of MICR Code

  • High Level of Security: The use of magnetic ink ensures MICR characters are readable even if a document is obscured by marks.

  • Authentication of Docs: MICR code authenticates the originality and legality of paper based docs. in the banking system.

  • Faster Processing: There is no manual input and hence the processing of MICR information is fast and errors are reduced.

Learn More About IFSC Code!

Frequently Asked Questions