MICR Code: 470002309

Bank: State Bank of India
IFSC Code: Sbin0004910
MICR Code: 470002309
Address: Dist Sagar, Madhya Pradesh 470226
City: Sagar
District: Deori
State: Madhya Pradesh

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 470002309.

  • In this case first three codes 470 is city code and it represents city Sagar.
  • Next three characters 002 represents bank State Bank of India.
  • Remaining characters which are 309 represents branch. In our case branch is located at address Dist Sagar, Madhya Pradesh 470226.

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.