MICR Code: 243002304

Bank: State Bank of India
IFSC Code: Sbin0008903
MICR Code: 243002304
Address: Budaun, Uttar Pradesh 243601
City: Kanpur Nagar
District: Badaun
State: Uttar Pradesh

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 243002304.

  • In this case first three codes 243 is city code and it represents city Kanpur Nagar.
  • Next three characters 002 represents bank State Bank of India.
  • Remaining characters which are 304 represents branch. In our case branch is located at address Budaun, Uttar Pradesh 243601.

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.