MICR Code: 415002527

Bank: State Bank of India
IFSC Code: Sbin0011456
MICR Code: 415002527
Address: Bazaar Peth, Guhagar Talukratnagiri Dist 415724
City: Ratnagiri
District: Shringartali
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 415002527.

  • In this case first three codes 415 is city code and it represents city Ratnagiri.
  • Next three characters 002 represents bank State Bank of India.
  • Remaining characters which are 527 represents branch. In our case branch is located at address Bazaar Peth, Guhagar Talukratnagiri Dist 415724.

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.