MICR Code: 389002004

Bank: State Bank of India
IFSC Code: Sbin0002642
MICR Code: 389002004
Address: Dist Panch Mahals, Gujarat 388920
City: Panch Mahals
District: Derol
State: Gujarat

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 389002004.

  • In this case first three codes 389 is city code and it represents city Panch Mahals.
  • Next three characters 002 represents bank State Bank of India.
  • Remaining characters which are 004 represents branch. In our case branch is located at address Dist Panch Mahals, Gujarat 388920.

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.