MICR Code: 423004357

Bank: State Bank of Hyderabad
IFSC Code: Sbhy0020825
MICR Code: 423004357
Address: Hotel Sai Chhaya Gr Fl Pimpalwadi Lane Shirdi Shirdi 423109
City: Ahmednagar
District: Ahmednagar
State: Maharashtra

MICR is acronym of Magnetic Ink Character Recognition. Basically it is a character-recognition technology used by the banking industry to ease the processing and clearance of cheques and other documents.

Generally MICR code is nine character long. First three charaters represent city, next three charaters represents bank name and last three charaters represents bank branch.

Let's decode MICR code 423004357.

  • In this case first three codes 423 is city code and it represents city Ahmednagar.
  • Next three characters 004 represents bank State Bank of Hyderabad.
  • Remaining characters which are 357 represents branch. In our case branch is located at address Hotel Sai Chhaya Gr Fl Pimpalwadi Lane Shirdi Shirdi 423109.

The easiest way to find MICR code is to check your

  1. Bank account statement
  2. Cheques

Please examine below sample cheque for more details

I hope this clears doubts.