MICR Code: 110023059

Bank: Punjab & Sind Bank
IFSC Code: Psib0001029
MICR Code: 110023059
Address: Ntpc Sector-24 Noida ,G.B. Nagar-201301
City: Gautam Buddha Nagar
District: Noida
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 110023059.

  • In this case first three codes 110 is city code and it represents city Gautam Buddha Nagar.
  • Next three characters 023 represents bank Punjab & Sind Bank.
  • Remaining characters which are 059 represents branch. In our case branch is located at address Ntpc Sector-24 Noida ,G.B. Nagar-201301.

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.