MICR Code: 623024002
| Bank: Punjab National Bank |
| IFSC Code: Punb0041400 |
| MICR Code: 623024002 |
| Address: Central Plaza 37, First Floor |
| City: Salai Street |
| District: Ramanathapura |
| State: Tamil Nadu |
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 623024002.
- In this case first three codes 623 is city code and it represents city Salai Street.
- Next three characters 024 represents bank Punjab National Bank.
- Remaining characters which are 002 represents branch. In our case branch is located at address Central Plaza 37, First Floor.
The easiest way to find MICR code is to check your
- Bank account statement
- Cheques
Please examine below sample cheque for more details
I hope this clears doubts.