Quick summary✔ RBI data Last synced · release v2.0.62
MICR code 411024018 belongs to Punjab National Bank, Hinjewadi, Pune branch in Hinjewadi Road, Taluka Mulshi, Distt. Pune, Maharashtra. The matching IFSC code is PUNB0487000.
How to read MICR 411024018
411: the city code. It usually follows the first digits of the area's PIN code; here it is Hinjewadi Road, Taluka Mulshi, Distt. Pune.
024: the bank code, the same for every branch of Punjab National Bank in cheque clearing.
018: the branch code within that city and bank.
The MICR is printed in magnetic ink at the bottom of every cheque leaf, between the cheque number and your account ID. Clearing houses read it under the Cheque Truncation System (CTS) to route the cheque to the right branch. It is not needed for NEFT, RTGS, IMPS or UPI, which use the IFSC (PUNB0487000 for this branch).
Before you deposit or write a cheque
Check that the MICR on the cheque matches the branch printed at the top of the leaf.
Use a CTS-2010 cheque; older formats are no longer cleared.
Write in blue or black ink and do not overwrite on the MICR band; changes can make the cheque bounce.
Frequently asked questions
Which bank does MICR 411024018 belong to?
Punjab National Bank, Hinjewadi, Pune branch (Hinjewadi Road, Taluka Mulshi, Distt. Pune, Maharashtra).
What is the IFSC code for MICR 411024018?
PUNB0487000.
What do the digits of 411024018 mean?
411 is the city code, 024 the bank code and 018 the branch code.
