MICR Code: 431004501

Bank: State Bank of Hyderabad
IFSC Code: Sbhy0020254
MICR Code: 431004501
Address: Agl Dev Br First Floor Tarasingh Market Nanded
City: Nanded
District: Nanded
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 431004501.

  • In this case first three codes 431 is city code and it represents city Nanded.
  • Next three characters 004 represents bank State Bank of Hyderabad.
  • Remaining characters which are 501 represents branch. In our case branch is located at address Agl Dev Br First Floor Tarasingh Market Nanded.

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.