MICR Code: 464002020

Bank: State Bank of India
IFSC Code: Sbin0010821
MICR Code: 464002020
Address: Lateri, Shyam Traders, Sironj Road, Lateri, Distvidisha 464114
City: Vidisha
District: Lateri
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 464002020.

  • In this case first three codes 464 is city code and it represents city Vidisha.
  • Next three characters 002 represents bank State Bank of India.
  • Remaining characters which are 020 represents branch. In our case branch is located at address Lateri, Shyam Traders, Sironj Road, Lateri, Distvidisha 464114.

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.