| MICR CODE | 500002240 |
|---|---|
| Bank | State Bank Of India |
| Branch | Stressed Assets Management Branch Hyderabad |
| IFSC Code | IFSC Code State Bank Of India |
| Address | New Bus Station, 1 St Floor, Tsrtc, Kachiguda, Dist.hyderabad, Andhra Pradesh-500027 |
| City | Hyderabad |
| State | Telangana |
Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.
MICR code is a code printed on checks using MICR (Magnetic Ink Character Recognition) technology. The purpose of this code is to identify the cheques and which means faster processing. A MICR code is a 9-digit code that uniquely identifies the bank and branch participating in an Electronic Clearing System (ECS).