MICR Code: 416002848

Bank: State Bank of India
IFSC Code: Sbin0000275
MICR Code: 416002848
Address: Dist Sindhudurg, Maharashtra 416613
City: Sindudurg
District: Devgad
State: Maharashtra

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 416002848.

  • In this case first three codes 416 is city code and it represents city Sindudurg.
  • Next three characters 002 represents bank State Bank of India.
  • Remaining characters which are 848 represents branch. In our case branch is located at address Dist Sindhudurg, Maharashtra 416613.

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.