LOCATE ANY BANK BRANCH IN INDIA
A small but significant part of this bigger digital banking revolution is the Ahmednagar Merchant’s Co-operative Bank. We are a well established and credible banking institution, tracing our roots bank to 1972. Starting as a traditional banking institution back then, we are a modern and futuristic bank today.
Days when cash was the only form of money, and the local moneylender the only source of credit; is diminishing gradually. Supported by government initiatives and citizen awareness, banking services have today reached to the very end of the social spectrum, and banks have become the power engines of socio-economic growth.
Next-gen banking services like cashless banking, e-statements, e-commerce become available to every person. The best part is that in today s time s banks are no more physical institutions, but have consolidated into a mobile app on your smartphone.
What id IFSC Code
IFSC is short for Indian Financial System Code and represents the 11 digit character that you can usually see on your bank’s cheque leaves, or other bank sponsored material. This 11 character code helps identify the individual bank branches that participate in the various online money transfer options like NEFT and RTGS.
What is MICR Code
MICR or Magnetic Ink Character Recognition Code is a 9 digit code used for faster processing of cheques. MICR number is also unique for every bank branch, hence it helps in uniquely identifying the bank and branch participating in an Electronic Clearing System (ECS). MICR Code like IFSC is a combination of 3 essential components:
- The first 3 digits represent the city code.
- The middle 3 represent the particular bank code.
- The last 3 digits represent the specific branch code