MICR Code: 243024014

Bank: Punjab National Bank
IFSC Code: Punb0634200
MICR Code: 243024014
Address: Drm Office, Ner, Izat Nagar, Bareilly
City: Bareilly
District: Bareilly
State: Uttar Pradesh

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 243024014.

  • In this case first three codes 243 is city code and it represents city Bareilly.
  • Next three characters 024 represents bank Punjab National Bank.
  • Remaining characters which are 014 represents branch. In our case branch is located at address Drm Office, Ner, Izat Nagar, Bareilly.

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.