MICR Code: 416002375

Bank: State Bank of India
IFSC Code: Sbin0014019
MICR Code: 416002375
Address: Nashte Complex Assembly Road, Kolhapur 416003
City: Kolhapur
District: Kolhapur
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 416002375.

  • In this case first three codes 416 is city code and it represents city Kolhapur.
  • Next three characters 002 represents bank State Bank of India.
  • Remaining characters which are 375 represents branch. In our case branch is located at address Nashte Complex Assembly Road, Kolhapur 416003.

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.