IFSC Code (The Indian Financial System Code) is an alphanumeric code which is used to transfer electronic funds in India.
AHMEDABAD MERCANTILE COOPERATIVE BANK ifsc code is a Unique code which identifies each bank branch. The main purpose of IFSC Code is to participate each bank branch in the two main
payment and settlement systems in India.
1) RTGS : Real Time Gross Settlement
2) NEFT : National Electronic Fund Transfer
For Example :
AHMEDABAD MERCANTILE COOPERATIVE BANK ifsc code : AMCB0660002 is 11 digit Unique IFSC Code.
First 4 characters represents Bank Code : AMCB for Bank : AHMEDABAD MERCANTILE COOPERATIVE BANK
5th character is Zero and it is reserved for future reference
Last 6 characters represents Branch Code : 660002 for Bank Branch RELIEF ROAD
Anatomy of a Cheque
The above image represent cheque format which locates IFSC Code and MICR Code in Red Box
MICR code for ahmedabad mercantile cooperative bank represents Magnetic Ink Character Recognition technology which is printed on cheques. This MICR Code is used for the identification of the cheques for faster processing.
MICR Code is a Unique code which identifies each bank branch. The main purpose of MICR Code is to participate each bank branch in an Electronic Clearing System (ECS).
MICR Code for AHMEDABAD MERCANTILE COOPERATIVE BANK : 380066002 is 9 digit Unique MICR Code.
First 3 digits represents CityCode Code : 380 for City : AHMEDABAD
Middle 3 digits reprents Bank Code: 066 for Bank : AHMEDABAD MERCANTILE COOPERATIVE BANK
Last 3 digits represents Branch Code : 600 for Bank Branch RELIEF ROAD
Some of the most polular searches for IFSC code