State Bank of India G T Road Malout (SBI)
G T Road Malout · Sri Muktsar Sahib, Punjab
152002203 is the MICR code for the G T Road Malout branch of State Bank of India, located in Sri Muktsar Sahib, Punjab. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code SBIN0017018.
Bank
State Bank of India
Branch & Address
G T Road Malout
Opposite Makkar Place, G.t.road, Malout, Distt.sri Muktsar Sahib.punjab 152107
Sri Muktsar Sahib, Malout, Punjab
MICR Code Structure
152
City
002
Bank
203
Branch
City code 152 identifies the RBI clearing centre, bank code 002 identifies State Bank of India, and branch code 203 identifies this specific branch.
Online Payment Methods Supported
Other State Bank of India (SBI) branches near Sri Muktsar Sahib
Other banks in Sri Muktsar Sahib, Punjab
About MICR Codes
What is a MICR code used for?
MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.
MICR vs IFSC — when do I use which?
Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (SBIN0017018) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.
Where is the MICR code on a cheque?
The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 152002203 is in the middle, and your account number is on the right.