MICR code
306002501
State Bank of India, Bar
- Bank
- State Bank of India
- Branch
- Bar
- IFSC
- SBIN0011312
- Address
- NEAR BUS STAND PALI DISTRAJASTHAN DIST 307027
- City
- New Delhi
- District
- Bar
- State
- Rajasthan
- City code
- 306
- Bank code
- 002
- Branch code
- 501
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- 306002501
MICR code · New Delhi
MICR code 306002501
✔ Verified in RBI list
How to read MICR 306002501
- 306: the city code. It usually follows the first digits of the area's PIN code; here it is New Delhi.
- 002: the bank code, the same for every branch of State Bank of India in cheque clearing.
- 501: the branch code within that city and bank.
The MICR is printed in magnetic ink at the bottom of every cheque leaf, between the cheque number and your account ID. Clearing houses read it under the Cheque Truncation System (CTS) to route the cheque to the right branch. It is not needed for NEFT, RTGS, IMPS or UPI, which use the IFSC (SBIN0011312 for this branch).
Before you deposit or write a cheque
- Check that the MICR on the cheque matches the branch printed at the top of the leaf.
- Use a CTS-2010 cheque; older formats are no longer cleared.
- Write in blue or black ink and do not overwrite on the MICR band; changes can make the cheque bounce.
Frequently asked questions
Which bank does MICR 306002501 belong to?
State Bank of India, Bar branch (New Delhi, Rajasthan).
What is the IFSC code for MICR 306002501?
SBIN0011312.
What do the digits of 306002501 mean?
306 is the city code, 002 the bank code and 501 the branch code.