Latest details of Branch: Magathane
BORIVALI MAGATHANE GS MAHANAGAR CO-OPERATIVE BANK LIMITED,MUMBAI
BORIVALI MAGATHANE
MAGATHANE BUS DEPOT BUILDING, BORIVALI (EAST), MUMBAI-400066
28861861
IFSC: MCBL0960019
MAGATHANE STATE BANK OF INDIA
MAGATHANE
AMBROSIA DEVI PADA WESTERN EXPRESS HIGHWAY, BORIBALI EAST MUMBAI 400066
9175925349
IFSC: SBIN0061584
IFSC Code
Indian Financial System Code (IFSC) is an 11-character code used for electronic payments through RTGS, NEFT, and IMPS. The code structure:
- • First 4 characters: Bank identifier
- • 5th character: Reserved (0)
- • Last 6 characters: Branch code
MICR Code
MICR (Magnetic Ink Character Recognition) code is printed on cheques to facilitate automated processing. This code helps identify the bank and branch during cheque clearing processes.
These codes are essential for secure and accurate electronic fund transfers within the Indian banking system.
