MICR Code: 500005003
| Bank: State Bank of India |
| IFSC Code: Sbin0030488 |
| MICR Code: 500005003 |
| Address: Krishma Residency Mandinaguda, Near St. Anns School Serilling Apally Municipalily |
| City: Hyderabad |
| District: Hyderabad |
| 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 500005003.
- In this case first three codes 500 is city code and it represents city Hyderabad.
- Next three characters 005 represents bank State Bank of India.
- Remaining characters which are 003 represents branch. In our case branch is located at address Krishma Residency Mandinaguda, Near St. Anns School Serilling Apally Municipalily.
The easiest way to find MICR code is to check your
- Bank account statement
- Cheques
Please examine below sample cheque for more details
I hope this clears doubts.