Quick summary✔ RBI data Last synced · release v2.0.62
MICR code 400088045 belongs to Saraswat Co-operative Bank, Malad Jankalyan Nagar branch in Mumbai, Maharashtra. The matching IFSC code is SRCB0000491.
How to read MICR 400088045
400: the city code. It usually follows the first digits of the area's PIN code; here it is Mumbai.
088: the bank code, the same for every branch of Saraswat Co-operative Bank in cheque clearing.
045: the branch code within that city and bank.
The MICR is printed in magnetic ink at the bottom of every cheque leaf, between the cheque number and your account ID. Clearing houses read it under the Cheque Truncation System (CTS) to route the cheque to the right branch. It is not needed for NEFT, RTGS, IMPS or UPI, which use the IFSC (SRCB0000491 for this branch).
Before you deposit or write a cheque
Check that the MICR on the cheque matches the branch printed at the top of the leaf.
Use a CTS-2010 cheque; older formats are no longer cleared.
Write in blue or black ink and do not overwrite on the MICR band; changes can make the cheque bounce.
Frequently asked questions
Which bank does MICR 400088045 belong to?
Saraswat Co-operative Bank, Malad Jankalyan Nagar branch (Mumbai, Maharashtra).
What is the IFSC code for MICR 400088045?
SRCB0000491.
What do the digits of 400088045 mean?
400 is the city code, 088 the bank code and 045 the branch code.
