MICR Code: 505002215

Bank: State Bank of India
IFSC Code: Sbin0011086
MICR Code: 505002215
Address: Dist Karimnagar, Andhra Pradesh
City: Karim Nagar
District: Ramagundam
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 505002215.

  • In this case first three codes 505 is city code and it represents city Karim Nagar.
  • Next three characters 002 represents bank State Bank of India.
  • Remaining characters which are 215 represents branch. In our case branch is located at address Dist Karimnagar, 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.