MICR Code: 457002005

Bank: State Bank of India
IFSC Code: Sbin0007292
MICR Code: 457002005
Address: Dist Ratlam, M P 457115
City: Ratlam
District: Shivpur
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 457002005.

  • In this case first three codes 457 is city code and it represents city Ratlam.
  • Next three characters 002 represents bank State Bank of India.
  • Remaining characters which are 005 represents branch. In our case branch is located at address Dist Ratlam, M P 457115.

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.