State Bank of India Cac Kargil Chowk, Korutla (SBI)
Cac Kargil Chowk, Korutla · Korutla, Telangana
505002027 is the MICR code for the Cac Kargil Chowk, Korutla branch of State Bank of India, located in Korutla, 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 SBIN0062010.
Bank
State Bank of India
Branch & Address
Cac Kargil Chowk, Korutla
Nayeem Building, Main Road, Korutla-505326
Korutla, Korutla, Telangana
Contact
+919960116964MICR Code Structure
505
City
002
Bank
027
Branch
City code 505 identifies the RBI clearing centre, bank code 002 identifies State Bank of India, and branch code 027 identifies this specific branch.
Online Payment Methods Supported
Other State Bank of India (SBI) branches near Korutla
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 (SBIN0062010) 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 505002027 is in the middle, and your account number is on the right.