MICR Code: 324024005

Bank: Punjab National Bank
IFSC Code: Punb0414800
MICR Code: 324024005
Address: Dussehra Ground
City: Nagar Nigam,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 324024005.

  • In this case first three codes 324 is city code and it represents city Nagar Nigam,Kota.
  • Next three characters 024 represents bank Punjab National Bank.
  • Remaining characters which are 005 represents branch. In our case branch is located at address Dussehra Ground.

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.