Which bank does MICR code 520002123 belong to?

MICR code 520002123 belongs to State Bank of India, Specialised Commercial Branch, Guntur branch, located at Guntur, Kannavarithota, Guntur, Guntur District522004, Guntur, Andhra Pradesh. The corresponding IFSC code is SBIN0013483.

What is the IFSC code for MICR 520002123?

The IFSC code for State Bank of India Specialised Commercial Branch, Guntur branch (MICR: 520002123) is SBIN0013483. Use the IFSC code for NEFT, RTGS, IMPS, and UPI transfers. Use the MICR code for cheque clearance.

What do the digits in a MICR code mean?

A 9-digit MICR code has three parts: the first 3 digits (520) represent the city/clearing centre, the next 3 digits (002) identify the bank, and the last 3 digits (123) identify the specific branch. For 520002123, the city code is 520, bank code is 002, and branch code is 123.

State Bank of India Specialised Commercial Branch, Guntur (SBI)

Specialised Commercial Branch, Guntur · Guntur, Andhra Pradesh

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520002123

520002123 is the MICR code for the Specialised Commercial Branch, Guntur branch of State Bank of India, located in Guntur, Andhra Pradesh. 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 SBIN0013483.

Bank

State Bank of India

Branch & Address

Specialised Commercial Branch, Guntur

Guntur, Kannavarithota, Guntur, Guntur District522004

Guntur, Guntur, Andhra Pradesh

Codes for this Branch

MICR (cheques)

520002123

IFSC (online transfers)

SBIN0013483

View

SWIFT / BIC

SBININBB679

MICR Code Structure

520

City

002

Bank

123

Branch

City code 520 identifies the RBI clearing centre, bank code 002 identifies State Bank of India, and branch code 123 identifies this specific branch.

Online Payment Methods Supported

NEFT

RTGS

IMPS

UPI

Other State Bank of India (SBI) branches near Guntur

Abburu Guntur, Andhra Pradesh SBIN0021509 Admn Office, Guntur Guntur, Andhra Pradesh SBIN0015312 Amcc- Guntur Guntur, Andhra Pradesh SBIN0065172 Amruthalur Guntur, Andhra Pradesh SBIN0014367 Angalakudurukopalle Guntur, Andhra Pradesh SBIN0021793 Anjaiah Road Guntur, Andhra Pradesh SBIN0016430

Other banks in Guntur, Andhra Pradesh

Andhra Pradesh State Co-operative Bank 44 branches A.P. Mahesh Co-operative Urban Bank 1 branch AU Small Finance Bank 4 branches Axis Bank 27 branches Bandhan Bank 2 branches Bank of Baroda 33 branches Bank of India 8 branches Bank of Maharashtra 4 branches

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 (SBIN0013483) 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 520002123 is in the middle, and your account number is on the right.

View full branch details for IFSC SBIN0013483