MICR Code: 520023001

Bank: Punjab & Sind Bank
IFSC Code: Psib0000318
MICR Code: 520023001
Address: Prakasan Road, Governorpet, Vijayawada
City: Krishna
District: Vijayawada
State: Andhra 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 520023001.

  • In this case first three codes 520 is city code and it represents city Krishna.
  • Next three characters 023 represents bank Punjab & Sind Bank.
  • Remaining characters which are 001 represents branch. In our case branch is located at address Prakasan Road, Governorpet, Vijayawada.

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.