MICR Code: 523002015

Bank: State Bank of India
IFSC Code: Sbin0010206
MICR Code: 523002015
Address: Iltd Itc Ltd., Chirala, Opp. Iltd, Pepala, Prakasam, Andhra Pradesh
City: Prakasam
District: Chirala
State: Andhra Pradesh

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 523002015.

  • In this case first three codes 523 is city code and it represents city Prakasam.
  • Next three characters 002 represents bank State Bank of India.
  • Remaining characters which are 015 represents branch. In our case branch is located at address Iltd Itc Ltd., Chirala, Opp. Iltd, Pepala, Prakasam, Andhra Pradesh.

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.