State Bank of India Rasmecc, Nizamabad (SBI)
Rasmecc, Nizamabad · Nizamabad, Telangana
503004989 is the MICR code for the Rasmecc, Nizamabad branch of State Bank of India, located in Nizamabad, Telangana. 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 SBIN0021088.
Bank
State Bank of India
Branch & Address
Rasmecc, Nizamabad
Rasmecc, Nizamabad, 2nd Floor, Knar Estates, Godown Road, Nizamabad 503001
Nizamabad, Nizamabad, Telangana
Contact
+919440232232MICR Code Structure
503
City
004
Bank
989
Branch
City code 503 identifies the RBI clearing centre, bank code 004 identifies State Bank of India, and branch code 989 identifies this specific branch.
Online Payment Methods Supported
Other State Bank of India (SBI) branches near Nizamabad
Other banks in Nizamabad, Telangana
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 (SBIN0021088) 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 503004989 is in the middle, and your account number is on the right.