State Bank of India Racc Kovvur (SBI)
Racc Kovvur · Rajahmundry, Andhra Pradesh
534002037 is the MICR code for the Racc Kovvur branch of State Bank of India, located in Rajahmundry, 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 SBIN0062664.
Bank
State Bank of India
Branch & Address
Racc Kovvur
State Bank Square, Near Kambala Cheruvu, Rajamahendravaram 533105
Rajahmundry, Rajahmundry, Andhra Pradesh
MICR Code Structure
534
City
002
Bank
037
Branch
City code 534 identifies the RBI clearing centre, bank code 002 identifies State Bank of India, and branch code 037 identifies this specific branch.
Online Payment Methods Supported
Other State Bank of India (SBI) branches near Rajahmundry
Other banks in Rajahmundry, Andhra Pradesh
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 (SBIN0062664) 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 534002037 is in the middle, and your account number is on the right.