The Reserve Bank of India assigns a unique IFSC code (Indian Financial System Code) to each bank that participates in the digital transaction system. The 11-digit unique alphanumeric code is used for electronic payment systems such as RTGS, NEFT, and CFMS. The first part consists of the bank’s first four alphabetic characters. The following character is zero. The branch code appears in the final six characters.
Punjab National Bank IFSC code
Each branch of PNB bank has a different IFSC code. The bank’s name is represented by the first four characters, such as PUNB for Punjab National Bank. The zero is there for future usage, and the final six characters are used to identify a particular bank branch.
All fund transfers must use the IFSC code. Punjab National Bank would not approve any transactions without the 11-digit code. The Reserve Bank of India (RBI) is in charge of allocating IFSC codes to each bank in the country.
How to get the Punjab National Bank IFSC code?
- Cheque: The easiest way to find your PNB IFSC code for your branch is to look in your chequebook. The full address of the Punjab National Bank branch is printed on the upper left corner of a cheque leaf. There is an 11-digit code at the end of the address.
- Passbook: Check the first page of your PNB passbook. The IFSC code is included on the front page of your Punjab National Bank passbook, along with your account information.
- Bank website: Find the IFSC codes using the Branch Locator tool available on the PNB website. The branch locator tool will help you find the details about your bank branch and the required IFSC code.
- RBI website: You can visit the Reserve Bank of India’s official website for another quick and easy way to get your IFSC code. Choose your bank from the drop-down menu on the “IFSC codes” tab and enter the name of your branch. Don’t worry if you are not sure of the name of your bank branch. The RBI presents a list of the IFSC codes for each of the bank’s branches. You can get the accurate IFSC code by just searching for your particular branch.
How to use Punjab National Bank IFSC code?
You can use Punjab National Bank’s IFSC code to transfer money via RTGS, NEFT, or IMPS. You can also transfer funds with PNB’s hassle-free, safe, and secure interface at the comfort of your home with a few clicks using just a few details such as:
- Payee name
- Payee account number
- Payee bank name and branch
- Payee’s IFSC code
Users can send money easily using their internet banking account with PNB’s National Electronic Funds Transfer electronic fund transfer service. There is no upper limitation on the number of NEFT transactions that can be made at the branch. Fund transfers made through NEFT are settled in a batch-by-batch fashion; thus, this service cannot be used beyond bank office hours.
RTGS, or Real Time Gross Settlement, is another type of money transfer. The funds are deposited to the beneficiary/payee account in real-time. RTGS transactions are quicker with little settlement time. RTGS method of fund transfer is faster than NEFT and provides customers with some flexibility. There are often no transactional restrictions.
One of the quickest ways to transfer money in India is through IMPS. All PNB customers are eligible for the service. Customers can send and receive money at any time of day, from any location, and 365 days a, including all weekdays, weekends, and bank holidays. With IMPS transfers, the funds are credited to the recipient’s account in a matter of minutes.
The Punjab National Bank, a well-known name in banking with more than 6082 locations nationwide and five overseas, uses its 120 years of experience to provide cutting-edge and distinctive financial solutions to meet the demands of its customers. The PNB money transfer services are risk-free, secure, and designed to make the entire transaction simple. Customers will have no trouble transferring funds with PNB’s e-banking services. Customers of PNB can send money through NEFT, RTGS, and IMPS by providing the beneficiary Punjab national bank IFSC Code.