Quick summary✔ RBI data Last synced · release v2.0.62
MICR code 144023712 belongs to Punjab & Sind Bank, Phagwara G.T. Road branch in Kapurthala, Punjab. The matching IFSC code is PSIB0000111.
How to read MICR 144023712
144: the city code. It usually follows the first digits of the area's PIN code; here it is Kapurthala.
023: the bank code, the same for every branch of Punjab & Sind Bank in cheque clearing.
712: 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 (PSIB0000111 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 144023712 belong to?
Punjab & Sind Bank, Phagwara G.T. Road branch (Kapurthala, Punjab).
What is the IFSC code for MICR 144023712?
PSIB0000111.
What do the digits of 144023712 mean?
144 is the city code, 023 the bank code and 712 the branch code.
