MICR Code: 563002101

Bank: State Bank of India
IFSC Code: Sbin0006029
MICR Code: 563002101
Address: M.B. Road, Near Ksrtc Bus Stand, Kolar , Karnataka 563 101
City: Kolar
District: Kolar
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 563002101.

  • In this case first three codes 563 is city code and it represents city Kolar.
  • Next three characters 002 represents bank State Bank of India.
  • Remaining characters which are 101 represents branch. In our case branch is located at address M.B. Road, Near Ksrtc Bus Stand, Kolar , Karnataka 563 101.

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.