IFSC code for Merchants Souharda Sahakara Bank Niyamitha, Merchants souharda sahakara bank niyamitha imps, Chitradurga, Maharashtra
Updated on: Friday, November 1, 2024
IFSC CODE
IBKL01241MB
Merchants Souharda Sahakara Bank Niyamitha
Merchants Souharda Sahakara Bank Niyamitha Imps, Mumbai, Maharashtra
Address
No 1st Floor Santhepet Near Gandhi Circle Chitradurga 577501
Merchants Souharda Sahakara Bank Niyamitha
Merchants Souharda Sahakara Bank Niyamitha Imps, Mumbai, Maharashtra
Address
No 1st Floor Santhepet Near Gandhi Circle Chitradurga 577501
Bank Details
IFSC Code
IBKL01241MB
MICR Code
577810502
Bank Code
(Based on IFSC)
MSSX
Bank Code
(Based on MICR)
810
Contact
+918277065263
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IFSC Code of Merchants Souharda Sahakara Bank Niyamitha
Every Merchants Souharda Sahakara Bank Niyamitha branch in India has a unique Merchants Souharda Sahakara Bank Niyamitha IFSC Code. Merchants Souharda Sahakara Bank Niyamitha IFSC Code enables Merchants Souharda Sahakara Bank Niyamitha account holders to send and receive money electronically. Merchants Souharda Sahakara Bank Niyamitha 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 Souharda Sahakara Bank Niyamitha IFSC Code IBKL01241MB
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., IBKL, denotes the name of the bank which is Merchants Souharda Sahakara Bank Niyamitha.
The fifth character is 0.
The last six digits of the code, i.e., 1241MB, represents the branch which is Merchants Souharda Sahakara Bank Niyamitha
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MICR Code of Merchants Souharda Sahakara Bank Niyamitha
Every Merchants Souharda Sahakara Bank Niyamitha branch in India has a unique Merchants Souharda Sahakara Bank Niyamitha MICR Code. MICR code for Merchants Souharda Sahakara Bank Niyamitha 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 Souharda Sahakara Bank Niyamitha. 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.