MICR Code: 415002614

Bank: State Bank of India
IFSC Code: Sbin0007735
MICR Code: 415002614
Address: Satara, Maharashtra 415523
City: Satara
District: Phaltan
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 415002614.

  • In this case first three codes 415 is city code and it represents city Satara.
  • Next three characters 002 represents bank State Bank of India.
  • Remaining characters which are 614 represents branch. In our case branch is located at address Satara, Maharashtra 415523.

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.