MICR Code: 502024036
| Bank: Punjab National Bank |
| IFSC Code: Punb0658700 |
| MICR Code: 502024036 |
| Address: No 4-8-86/C Ground Floor( Above Cellar) |
| City: Manjeera Nagar Sanga Reddy Dist Medak |
| District: Medak (Andhrapradesh) |
| State: Andhra Pradesh |
MICR is acronym of Magnetic Ink Character Recognition. Basically it is a character-recognition technology used by the banking industry to ease the processing and clearance of cheques and other documents.
Generally MICR code is nine character long. First three charaters represent city, next three charaters represents bank name and last three charaters represents bank branch.
Let's decode MICR code 502024036.
- In this case first three codes 502 is city code and it represents city Manjeera Nagar Sanga Reddy Dist Medak.
- Next three characters 024 represents bank Punjab National Bank.
- Remaining characters which are 036 represents branch. In our case branch is located at address No 4-8-86/C Ground Floor( Above Cellar).
The easiest way to find MICR code is to check your
- Bank account statement
- Cheques
Please examine below sample cheque for more details
I hope this clears doubts.