MICR Code: 1024031

Bank: Punjab National Bank
IFSC Code: Punb0031000
MICR Code: 1024031
Address: Ambedkar Ward, Mandla
City: Mandla
District: Mandla
State: Madhya 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 1024031.

  • In this case first three codes 102 is city code and it represents city Mandla.
  • Next three characters 403 represents bank Punjab National Bank.

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.