MICR Code: 816002603

Bank: State Bank of India
IFSC Code: Sbin0003118
MICR Code: 816002603
Address: Rajmahal
City: Sahebganj
District: Rajmahal
State: Jharkhand

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 816002603.

  • In this case first three codes 816 is city code and it represents city Sahebganj.
  • Next three characters 002 represents bank State Bank of India.
  • Remaining characters which are 603 represents branch. In our case branch is located at address Rajmahal.

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.