MICR Code: 431002559

Bank: State Bank of India
IFSC Code: Sbin0005429
MICR Code: 431002559
Address: Tlq Aundha, Dt Hingoli, Maharashtra 431705
City: Hingoli
District: Jawala Bazar
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 431002559.

  • In this case first three codes 431 is city code and it represents city Hingoli.
  • Next three characters 002 represents bank State Bank of India.
  • Remaining characters which are 559 represents branch. In our case branch is located at address Tlq Aundha, Dt Hingoli, Maharashtra 431705.

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.