MICR Code: 305024003

Bank: Punjab National Bank
IFSC Code: Punb0411800
MICR Code: 305024003
Address: Asha Ganj Ajmer
City: Ajmer
District: Ajmer
State: Rajasthan

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 305024003.

  • In this case first three codes 305 is city code and it represents city Ajmer.
  • Next three characters 024 represents bank Punjab National Bank.
  • Remaining characters which are 003 represents branch. In our case branch is located at address Asha Ganj Ajmer.

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.