MICR Code: 416007002
| Bank: State Bank of Patiala |
| IFSC Code: Stbp0000897 |
| MICR Code: 416007002 |
| Address: State Bank Of Patiala 14, Surve Colony, Tara Bai Park, Kolhapur, Maharashtra - 416 003 |
| City: Kolhapur |
| District: Kolhapur |
| 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 416007002.
- In this case first three codes 416 is city code and it represents city Kolhapur.
- Next three characters 007 represents bank State Bank of Patiala.
- Remaining characters which are 002 represents branch. In our case branch is located at address State Bank Of Patiala 14, Surve Colony, Tara Bai Park, Kolhapur, Maharashtra - 416 003.
The easiest way to find MICR code is to check your
- Bank account statement
- Cheques
Please examine below sample cheque for more details
I hope this clears doubts.