MICR Code: 431002370

Bank: State Bank of India
IFSC Code: Sbin0014000
MICR Code: 431002370
Address: Apmc Campus,1 St Floor, New Mondha, Nanded, Distnanded431602
City: Nanded
District: Nanded
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 431002370.

  • In this case first three codes 431 is city code and it represents city Nanded.
  • Next three characters 002 represents bank State Bank of India.
  • Remaining characters which are 370 represents branch. In our case branch is located at address Apmc Campus,1 St Floor, New Mondha, Nanded, Distnanded431602.

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.