MICR Code: 763002003

Bank: State Bank of India
IFSC Code: Sbin0010938
MICR Code: 763002003
Address: Koraput, Orissa 764036
City: Koraput
District: Koraput
State: Odisha

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 763002003.

  • In this case first three codes 763 is city code and it represents city Koraput.
  • Next three characters 002 represents bank State Bank of India.
  • Remaining characters which are 003 represents branch. In our case branch is located at address Koraput, Orissa 764036.

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.