MICR Code: 416002961

Bank: State Bank of India
IFSC Code: Sbin0000282
MICR Code: 416002961
Address: Mumbai Konkan Goa Highway Distt Sindhudurg Maharashtra 416602
City: Sindudurg
District: Kankavli
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 416002961.

  • 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 961 represents branch. In our case branch is located at address Mumbai Konkan Goa Highway Distt Sindhudurg Maharashtra 416602.

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.