Punjab National Bank Banswara (PNB)
Banswara · Opp Gandhi Maidan(rajasthan), Rajasthan
327024002 is the MICR code for the Banswara branch of Punjab National Bank, located in Opp Gandhi Maidan(rajasthan), Rajasthan. 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 PUNB0055600.
Bank
Punjab National Bank
Branch & Address
Banswara
Kushal Bag, Below Gurudwra
Opp Gandhi Maidan(rajasthan), Banswara, Rajasthan
MICR Code Structure
327
City
024
Bank
002
Branch
City code 327 identifies the RBI clearing centre, bank code 024 identifies Punjab National Bank, and branch code 002 identifies this specific branch.
Online Payment Methods Supported
Other Punjab National Bank (PNB) branches near Opp Gandhi Maidan(rajasthan)
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 (PUNB0055600) 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 327024002 is in the middle, and your account number is on the right.