| MICR CODE | 402088101 |
|---|---|
| Bank | Saraswat Cooperative Bank Limited |
| Branch | Alibaug |
| IFSC Code | IFSC Code Saraswat Cooperative Bank Limited |
| Address | Hotel Mira-madhav, 1st Floor, Opp. S. T. Stand, Alibaug, Dist- Raigad, Pin - 402201. |
| City | Alibag |
| State | Maharashtra |
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Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.
MICR code is a code printed on checks using MICR (Magnetic Ink Character Recognition) technology. The purpose of this code is to identify the cheques and which means faster processing. A MICR code is a 9-digit code that uniquely identifies the bank and branch participating in an Electronic Clearing System (ECS).