MICR Code: 500024015

Bank: Punjab National Bank
IFSC Code: Punb0214900
MICR Code: 500024015
Address: 14-61 Sriramnanagar Coloney
City: Patancheru
District: Patancheru
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 500024015.

  • In this case first three codes 500 is city code and it represents city Patancheru.
  • Next three characters 024 represents bank Punjab National Bank.
  • Remaining characters which are 015 represents branch. In our case branch is located at address 14-61 Sriramnanagar Coloney.

The easiest way to find MICR code is to check your

  1. Bank account statement
  2. Cheques

Please examine below sample cheque for more details

I hope this clears doubts.