State Bank of India Rajapur (SBI)
Rajapur · Ratnagiri, Maharashtra
416002878 is the MICR code for the Rajapur branch of State Bank of India, located in Ratnagiri, Maharashtra. 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 SBIN0001177.
Bank
State Bank of India
Branch & Address
Rajapur
Distratnagiri Maharashtra 416702
Ratnagiri, Rajapur, Maharashtra
MICR Code Structure
416
City
002
Bank
878
Branch
City code 416 identifies the RBI clearing centre, bank code 002 identifies State Bank of India, and branch code 878 identifies this specific branch.
Online Payment Methods Supported
Other State Bank of India (SBI) branches near Ratnagiri
Other banks in Ratnagiri, Maharashtra
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 (SBIN0001177) 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 416002878 is in the middle, and your account number is on the right.