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  2. All Bank's Branch Addresses and IFSC/MICR Codes
  3. State Bank of India
  4. Maharashtra
  5. Mandangad
  6. Ratnagiri
  7. MICR: 416002534

MICR Code: 416002534

Bank: State Bank of India
IFSC Code: Sbin0012242
MICR Code: 416002534
Address: Opp Babasaheb Ambedkar High School, Mandangad, Ratnagiri415203
City: Ratnagiri
District: Mandangad
State: Maharashtra

What is MICR Code?

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.

Details of MICR Code

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 416002534.

  • In this case first three codes 416 is city code and it represents city Ratnagiri.
  • Next three characters 002 represents bank State Bank of India.
  • Remaining characters which are 534 represents branch. In our case branch is located at address Opp Babasaheb Ambedkar High School, Mandangad, Ratnagiri415203.

How to find micr code (for example 416002534) from bank account number?

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.