MICR Code: 431024001

Bank: Punjab National Bank
IFSC Code: Punb0036700
MICR Code: 431024001
Address: Patni Niwas Old Munda
City: Nanded
District: Nanded
State: Maharashtra

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 431024001.

  • In this case first three codes 431 is city code and it represents city Nanded.
  • Next three characters 024 represents bank Punjab National Bank.
  • Remaining characters which are 001 represents branch. In our case branch is located at address Patni Niwas Old Munda.

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.