MICR Code: 324024009

Bank: Punjab National Bank
IFSC Code: Punb0529400
MICR Code: 324024009
Address: Hub, Aerodrome Circle
City: Industrial Estate, Kota
District: Kota
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 324024009.

  • In this case first three codes 324 is city code and it represents city Industrial Estate, Kota.
  • Next three characters 024 represents bank Punjab National Bank.
  • Remaining characters which are 009 represents branch. In our case branch is located at address Hub, Aerodrome Circle.

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.