1. Home
  2. All Bank's Branch Addresses and IFSC/MICR Codes
  3. Punjab National Bank
  4. Madhya Pradesh
  5. Barnagar, Distt Ujjain
  6. Ujjain
  7. MICR: 1024323

MICR Code: 1024323

Bank: Punjab National Bank
IFSC Code: Punb0323500
MICR Code: 1024323
Address: Shivaji Path, Barnagar
City: Ujjain
District: Barnagar, Distt Ujjain
State: Madhya Pradesh

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 1024323.

  • In this case first three codes 102 is city code and it represents city Ujjain.
  • Next three characters 432 represents bank Punjab National Bank.

How to find micr code (for example 1024323) 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.