MICR Code: 505024503

Bank: Punjab National Bank
IFSC Code: Punb0589900
MICR Code: 505024503
Address: Sy No 1562,1560A Vasavi Nagar Karimnagar Road Sircilla Karimnagar Dist Telangana 505301
City: Karimnagar
District: Karimnagar
State: Telangana

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 505024503.

  • In this case first three codes 505 is city code and it represents city Karimnagar.
  • Next three characters 024 represents bank Punjab National Bank.
  • Remaining characters which are 503 represents branch. In our case branch is located at address Sy No 1562,1560A Vasavi Nagar Karimnagar Road Sircilla Karimnagar Dist Telangana 505301.

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.