State Bank of India Home Loan Centre Kolar (SBI)
Home Loan Centre Kolar · Urban, Karnataka
563002002 is the MICR code for the Home Loan Centre Kolar branch of State Bank of India, located in Urban, Karnataka. 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 SBIN0064740.
Bank
State Bank of India
Branch & Address
Home Loan Centre Kolar
Home Loan Centre Kolar 1st Floor, Near Sai Dham Hotel, Dr.raj Kumar Road, 2nd Cross, Kuvempunagar Kolar 563101
Urban, Urban, Karnataka
Contact
+918527908672MICR Code Structure
563
City
002
Bank
002
Branch
City code 563 identifies the RBI clearing centre, bank code 002 identifies State Bank of India, and branch code 002 identifies this specific branch.
Online Payment Methods Supported
Other State Bank of India (SBI) branches near Urban
Other banks in Urban, Karnataka
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 (SBIN0064740) 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 563002002 is in the middle, and your account number is on the right.