MICR Code: 491002103

Bank: State Bank of India
IFSC Code: Sbin0000320
MICR Code: 491002103
Address: Dist Durg, Chhattisgarh 491 226
City: Durg
District: Balod
State: Chandigarh

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 491002103.

  • In this case first three codes 491 is city code and it represents city Durg.
  • Next three characters 002 represents bank State Bank of India.
  • Remaining characters which are 103 represents branch. In our case branch is located at address Dist Durg, Chhattisgarh 491 226.

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.