MICR Code: 413004524

Bank: State Bank of Hyderabad
IFSC Code: Sbhy0020409
MICR Code: 413004524
Address: Main Road, Nalegaon, Ahmedpur Taluq
City: Latur
District: Latur
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 413004524.

  • In this case first three codes 413 is city code and it represents city Latur.
  • Next three characters 004 represents bank State Bank of Hyderabad.
  • Remaining characters which are 524 represents branch. In our case branch is located at address Main Road, Nalegaon, Ahmedpur Taluq.

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.