Which bank does MICR code 160024081 belong to?

MICR code 160024081 belongs to Punjab National Bank, Sector Panchkula branch, located at S.c.o. 70 Sector 19, Panchkula, Haryana. The corresponding IFSC code is PUNB0755600.

What is the IFSC code for MICR 160024081?

The IFSC code for Punjab National Bank Sector Panchkula branch (MICR: 160024081) is PUNB0755600. Use the IFSC code for NEFT, RTGS, IMPS, and UPI transfers. Use the MICR code for cheque clearance.

What do the digits in a MICR code mean?

A 9-digit MICR code has three parts: the first 3 digits (160) represent the city/clearing centre, the next 3 digits (024) identify the bank, and the last 3 digits (081) identify the specific branch. For 160024081, the city code is 160, bank code is 024, and branch code is 081.

Punjab National Bank Sector Panchkula (PNB)

Sector Panchkula · Panchkula, Haryana

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160024081

160024081 is the MICR code for the Sector Panchkula branch of Punjab National Bank, located in Panchkula, Haryana. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code PUNB0755600.

Bank

Punjab National Bank

Branch & Address

Sector Panchkula

S.c.o. 70 Sector 19

Panchkula, Panchkula, Haryana, Haryana

Codes for this Branch

MICR (cheques)

160024081

IFSC (online transfers)

PUNB0755600

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MICR Code Structure

160

City

024

Bank

081

Branch

City code 160 identifies the RBI clearing centre, bank code 024 identifies Punjab National Bank, and branch code 081 identifies this specific branch.

Online Payment Methods Supported

NEFT

RTGS

IMPS

UPI

Other Punjab National Bank (PNB) branches near Panchkula

Asa Back Office Chandigarh Panchkula, Haryana PUNB0805110 Centralized Rating Cell Panchkula, Haryana PUNB0007130 Cppcstate Panchkula, Haryana PUNB0803010 Currency Chest Panchkula Panchkula, Haryana PUNB0602610 Kalka Panchkula, Haryana PUNB0225610 Kheranwali Dist Panchkula Panchkula, Haryana PUNB0986000

Other banks in Panchkula, Haryana

AU Small Finance Bank 3 branches Axis Bank 21 branches Bandhan Bank 2 branches Bank of Baroda 12 branches Bank of India 2 branches Bank of Maharashtra 5 branches Canara Bank 18 branches Capital Small Finance Bank 2 branches

About MICR Codes

What is a MICR code used for?

MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.

MICR vs IFSC — when do I use which?

Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (PUNB0755600) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.

Where is the MICR code on a cheque?

The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 160024081 is in the middle, and your account number is on the right.

View full branch details for IFSC PUNB0755600