MICR Code: 243002318

Bank: State Bank of India
IFSC Code: Sbin0002622
MICR Code: 243002318
Address: Distbudaun Uttar Pradesh 243639
City: Budaun
District: Ujhani
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 243002318.

  • In this case first three codes 243 is city code and it represents city Budaun.
  • Next three characters 002 represents bank State Bank of India.
  • Remaining characters which are 318 represents branch. In our case branch is located at address Distbudaun Uttar Pradesh 243639.

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.