State Bank of India R and Db Retail Asset Credit Centre-navanagar Bagalkot (SBI)
R and Db Retail Asset Credit Centre-navanagar Bagalkot · Bagalkot, Karnataka
587002129 is the MICR code for the R and Db Retail Asset Credit Centre-navanagar Bagalkot branch of State Bank of India, located in Bagalkot, 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 SBIN0063577.
Bank
State Bank of India
Branch & Address
R and Db Retail Asset Credit Centre-navanagar Bagalkot
Plot No. 24 25 26 27, Sector no 25 Behind Ibp Petrol Pump, Navanagar, Bagalkot Branch-587103
Bagalkot, Bagalkot, Karnataka
Contact
+916361870843MICR Code Structure
587
City
002
Bank
129
Branch
City code 587 identifies the RBI clearing centre, bank code 002 identifies State Bank of India, and branch code 129 identifies this specific branch.
Online Payment Methods Supported
Other State Bank of India (SBI) branches near Bagalkot
Other banks in Bagalkot, 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 (SBIN0063577) 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 587002129 is in the middle, and your account number is on the right.