IFSC Code (The Indian Financial System Code) is an alphanumeric code which is used to transfer electronic funds in India.
THE KARAD URBAN COOPERATIVE BANK LIMITED 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 :
THE KARAD URBAN COOPERATIVE BANK LIMITED ifsc code : KUCB0488001 is 11 digit Unique IFSC Code.
First 4 characters represents Bank Code : KUCB for Bank : THE KARAD URBAN COOPERATIVE BANK LIMITED
5th character is Zero and it is reserved for future reference
Last 6 characters represents Branch Code : 488001 for Bank Branch GURUWAR PETH
Anatomy of a Cheque
The above image represent cheque format which locates IFSC Code and MICR Code in Red Box
MICR code for the karad urban cooperative bank limited 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 THE KARAD URBAN COOPERATIVE BANK LIMITED : 415488352 is 9 digit Unique MICR Code.
First 3 digits represents CityCode Code : 415 for City : KARAD
Middle 3 digits reprents Bank Code: 488 for Bank : THE KARAD URBAN COOPERATIVE BANK LIMITED
Last 3 digits represents Branch Code : 835 for Bank Branch GURUWAR PETH
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