MICR Code: 474005010

Bank: State Bank of India
IFSC Code: Sbin0030502
MICR Code: 474005010
Address: Plot No.234, Site No.02, Patel Nagar, City Centre
City: Gwalior
District: Gwalior
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 474005010.

  • In this case first three codes 474 is city code and it represents city Gwalior.
  • Next three characters 005 represents bank State Bank of India.
  • Remaining characters which are 010 represents branch. In our case branch is located at address Plot No.234, Site No.02, Patel Nagar, City Centre.

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.