MICR Code: 243024271

Bank: Punjab National Bank
IFSC Code: Punb0301200
MICR Code: 243024271
Address: Bo: Rudain Distt Budaun
City: Rudain (Bareilly)
District: Rudain (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 243024271.

  • In this case first three codes 243 is city code and it represents city Rudain (Bareilly).
  • Next three characters 024 represents bank Punjab National Bank.
  • Remaining characters which are 271 represents branch. In our case branch is located at address Bo: Rudain Distt Budaun.

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.