MICR Code: 306002501
| Bank: State Bank of India |
| IFSC Code: Sbin0011312 |
| MICR Code: 306002501 |
| Address: Near Bus Stand Pali Distrajasthan Dist 307027 |
| City: New Delhi |
| District: Bar |
| State: Delhi |
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 306002501.
- In this case first three codes 306 is city code and it represents city New Delhi.
- Next three characters 002 represents bank State Bank of India.
- Remaining characters which are 501 represents branch. In our case branch is located at address Near Bus Stand Pali Distrajasthan Dist 307027.
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.