MICR Code: 160023017

Bank: Punjab & Sind Bank
IFSC Code: Psib0000711
MICR Code: 160023017
Address: Guru Nanak Public School Sector 36, Chandigarh-160036
City: Chandigarh
District: Chandigarh
State: Chandigarh

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 160023017.

  • In this case first three codes 160 is city code and it represents city Chandigarh.
  • Next three characters 023 represents bank Punjab & Sind Bank.
  • Remaining characters which are 017 represents branch. In our case branch is located at address Guru Nanak Public School Sector 36, Chandigarh-160036.

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.