MICR Code: 500024023

Bank: Punjab National Bank
IFSC Code: Punb0453800
MICR Code: 500024023
Address: Nimh Campus, Manovikas Nagar
City: Bowenpally, Secunderabad
District: Secunderabad
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 500024023.

  • In this case first three codes 500 is city code and it represents city Bowenpally, Secunderabad.
  • Next three characters 024 represents bank Punjab National Bank.
  • Remaining characters which are 023 represents branch. In our case branch is located at address Nimh Campus, Manovikas Nagar.

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.