Quick summary✔ RBI data Last synced · release v2.0.62
MICR code 494024506 belongs to Punjab National Bank, Kondagaon branch in Building, Near Bus Stand, Kondagaon, Chhattisgarh. The matching IFSC code is PUNB0724100.
How to read MICR 494024506
494: the city code. It usually follows the first digits of the area's PIN code; here it is Building, Near Bus Stand, Kondagaon.
024: the bank code, the same for every branch of Punjab National Bank in cheque clearing.
506: 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 (PUNB0724100 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 494024506 belong to?
Punjab National Bank, Kondagaon branch (Building, Near Bus Stand, Kondagaon, Chhattisgarh).
What is the IFSC code for MICR 494024506?
PUNB0724100.
What do the digits of 494024506 mean?
494 is the city code, 024 the bank code and 506 the branch code.
