MICR Code: 503002164

Bank: State Bank of India
IFSC Code: Sbin0007374
MICR Code: 503002164
Address: Nizamabad, Andhra Pradesh 503164
City: Nizamabad
District: Darpally
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 503002164.

  • In this case first three codes 503 is city code and it represents city Nizamabad.
  • Next three characters 002 represents bank State Bank of India.
  • Remaining characters which are 164 represents branch. In our case branch is located at address Nizamabad, Andhra Pradesh 503164.

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.