MICR Code: 302024001

Bank: Punjab National Bank
IFSC Code: Punb0209100
MICR Code: 302024001
Address: 2, Nehru Place 1 Floor
City: Tonk Road
District: Jaipur
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 302024001.

  • In this case first three codes 302 is city code and it represents city Tonk Road.
  • Next three characters 024 represents bank Punjab National Bank.
  • Remaining characters which are 001 represents branch. In our case branch is located at address 2, Nehru Place 1 Floor.

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.