MICR Code: 416024003

Bank: Punjab National Bank
IFSC Code: Punb0998600
MICR Code: 416024003
Address: C/O Vidya Rajendra Pawar Hindu Chk Main Road Rendal Tah Hatakanangle Maharashtra 416203
City: Kolhapur
District: Rendal
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 416024003.

  • In this case first three codes 416 is city code and it represents city Kolhapur.
  • Next three characters 024 represents bank Punjab National Bank.
  • Remaining characters which are 003 represents branch. In our case branch is located at address C/O Vidya Rajendra Pawar Hindu Chk Main Road Rendal Tah Hatakanangle Maharashtra 416203.

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.