State Bank of India Basaith Chowk (SBI)
Basaith Chowk · Madhubani, Bihar
847002523 is the MICR code for the Basaith Chowk branch of State Bank of India, located in Madhubani, Bihar. 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 SBIN0015753.
Bank
State Bank of India
Branch & Address
Basaith Chowk
Basaith Chowk Near Post Office, P.obasaith, Distmadhubani, Bihar 847102
Madhubani, Basaith, Bihar
MICR Code Structure
847
City
002
Bank
523
Branch
City code 847 identifies the RBI clearing centre, bank code 002 identifies State Bank of India, and branch code 523 identifies this specific branch.
Online Payment Methods Supported
Other State Bank of India (SBI) branches near Madhubani
Other banks in Madhubani, Bihar
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 (SBIN0015753) 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 847002523 is in the middle, and your account number is on the right.