MICR Code: 587002001

Bank: State Bank of India
IFSC Code: Sbin0000848
MICR Code: 587002001
Address: Kacheri Rd., Jamakhandi-587301
City: Bagalkot
District: Jamakhandi
State: Karnataka

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 587002001.

  • In this case first three codes 587 is city code and it represents city Bagalkot.
  • Next three characters 002 represents bank State Bank of India.
  • Remaining characters which are 001 represents branch. In our case branch is located at address Kacheri Rd., Jamakhandi-587301.

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.