MICR Code: 590024002

Bank: Punjab National Bank
IFSC Code: Punb0123300
MICR Code: 590024002
Address: Madiwale Matrix
City: Belgaum
District: Belgaum
State: Karnataka

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 590024002.

  • In this case first three codes 590 is city code and it represents city Belgaum.
  • Next three characters 024 represents bank Punjab National Bank.
  • Remaining characters which are 002 represents branch. In our case branch is located at address Madiwale Matrix.

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.