MICR Code: 151007040

Bank: State Bank of Patiala
IFSC Code: Stbp0000935
MICR Code: 151007040
Address: Agri Central Processing Centre, 1 St Floor, Satta Bazar, Kotkapura, Faridkot-151204
City: Faridkot
District: Kot Kapura
State: Punjab

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 151007040.

  • In this case first three codes 151 is city code and it represents city Faridkot.
  • Next three characters 007 represents bank State Bank of Patiala.
  • Remaining characters which are 040 represents branch. In our case branch is located at address Agri Central Processing Centre, 1 St Floor, Satta Bazar, Kotkapura, Faridkot-151204.

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.