MICR Code: 416002533

Bank: State Bank of India
IFSC Code: Sbin0012215
MICR Code: 416002533
Address: Bazarpeth, Kharepatan, Kankavli416703
City: Sindudurg
District: Kharepatan
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 416002533.

  • 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 533 represents branch. In our case branch is located at address Bazarpeth, Kharepatan, Kankavli416703.

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.