IFSC code for Merchants Liberal Co-operative Bank, Merchants liberal co-operative bank imps, Gadag, Maharashtra
Updated on: Sunday, June 1, 2025
IFSC CODE
UTIB0SMLCBK
Merchants Liberal Co-operative Bank
Merchants Liberal Co-operative Bank Imps, Mumbai, Maharashtra
Address
Basaveshwar Circle Makangalli Gadag 582101
Merchants Liberal Co-operative Bank
Merchants Liberal Co-operative Bank Imps, Mumbai, Maharashtra
Address
Basaveshwar Circle Makangalli Gadag 582101
Bank Details
IFSC Code
UTIB0SMLCBK
MICR Code
582802002
Bank Code
(Based on IFSC)
MLCG
Bank Code
(Based on MICR)
802
Contact
+918372234993
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IFSC Code of Merchants Liberal Co-operative Bank
Every Merchants Liberal Co-operative Bank branch in India has a unique Merchants Liberal Co-operative Bank IFSC Code. Merchants Liberal Co-operative Bank IFSC Code enables Merchants Liberal Co-operative Bank account holders to send and receive money electronically. Merchants Liberal Co-operative 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.
Format of Merchants Liberal Co-operative Bank IFSC Code UTIB0SMLCBK
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., UTIB, denotes the name of the bank which is Merchants Liberal Co-operative Bank.
The fifth character is 0.
The last six digits of the code, i.e., SMLCBK, represents the branch which is Merchants Liberal Co-operative Bank
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MICR Code of Merchants Liberal Co-operative Bank
Every Merchants Liberal Co-operative Bank branch in India has a unique Merchants Liberal Co-operative Bank MICR Code. MICR code for Merchants Liberal Co-operative 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 Merchants Liberal Co-operative 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.
