MICR Code: 494002057

Bank: State Bank of India
IFSC Code: Sbin0005516
MICR Code: 494002057
Address: Tokapal
City: Bastar
District: Tokapal
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 494002057.

  • In this case first three codes 494 is city code and it represents city Bastar.
  • Next three characters 002 represents bank State Bank of India.
  • Remaining characters which are 057 represents branch. In our case branch is located at address Tokapal.

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.