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  2. All Bank's Branch Addresses and IFSC/MICR Codes
  3. Punjab National Bank
  4. Goa
  5. Margao
  6. Margao
  7. MICR: 403024004

MICR Code: 403024004

Bank: Punjab National Bank
IFSC Code: Punb0253100
MICR Code: 403024004
Address: Lotus Tower, Ground Floor, New Market
City: Margao
District: Margao
State: Goa

What is MICR Code?

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.

Details of MICR Code

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 403024004.

  • In this case first three codes 403 is city code and it represents city Margao.
  • Next three characters 024 represents bank Punjab National Bank.
  • Remaining characters which are 004 represents branch. In our case branch is located at address Lotus Tower, Ground Floor, New Market.

How to find micr code (for example 403024004) from bank account number?

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.