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  2. All Bank's Branch Addresses and IFSC/MICR Codes
  3. State Bank of India
  4. Madhya Pradesh
  5. Saugor
  6. Sagar
  7. MICR: 470002303

MICR Code: 470002303

Bank: State Bank of India
IFSC Code: Sbin0001143
MICR Code: 470002303
Address: University Campus Dist Saugor, Madhya Pradesh 470003
City: Sagar
District: Saugor
State: Madhya Pradesh

What is MICR Code?

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.

Details of MICR Code

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 470002303.

  • 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 303 represents branch. In our case branch is located at address University Campus Dist Saugor, Madhya Pradesh 470003.

How to find micr code (for example 470002303) from bank account number?

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.