Quick summary✔ RBI data Last synced · release v2.0.62
MICR code 244023703 belongs to Punjab & Sind Bank, Nawabganj branch in Rampur, Uttar Pradesh. The matching IFSC code is PSIB0000546.
How to read MICR 244023703
244: the city code. It usually follows the first digits of the area's PIN code; here it is Rampur.
023: the bank code, the same for every branch of Punjab & Sind Bank in cheque clearing.
703: 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 (PSIB0000546 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 244023703 belong to?
Punjab & Sind Bank, Nawabganj branch (Rampur, Uttar Pradesh).
What is the IFSC code for MICR 244023703?
PSIB0000546.
What do the digits of 244023703 mean?
244 is the city code, 023 the bank code and 703 the branch code.
