MICR Code: 243023003

Bank: Punjab & Sind Bank
IFSC Code: Psib0000726
MICR Code: 243023003
Address: 21 A Model Town Bareilly-243122
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 243023003.

  • In this case first three codes 243 is city code and it represents city Bareilly.
  • Next three characters 023 represents bank Punjab & Sind Bank.
  • Remaining characters which are 003 represents branch. In our case branch is located at address 21 A Model Town Bareilly-243122.

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.