For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Punjab National Bank for its Rengali branch in Angul, Rengali ,Odisha, Odisha, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Punjab National Bank located in Angul or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code PUNB0178420. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Punjab National Bank, Rengali, Angul

Here are some of the key details that come with the IFSC Code PUNB0178420 of Punjab National Bank for its branch located in Angul, within the district of Rengali ,Odisha in the state of Odisha.

Particulars Details
Bank Punjab National Bank
IFSC Code PUNB0178420
Branch Rengali
City Angul
District Rengali ,Odisha
State Odisha
Address Rengali,

These details helps users in online banking and for businesses and individuals who use Punjab National Bank in Angul for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PUNB0178420 for the Rengali branch of Punjab National Bank plays a vital role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Punjab National Bank located in Rengali, Angul, Odisha, are given a unique IFSC like PUNB0178420 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Angul.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Angul and Rengali ,Odisha.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Punjab National Bank in Rengali goes to the correct branch. This is important because Punjab National Bank has thousands of branches in Odisha and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code PUNB0178420

The format of the IFSC Code for banks, including Punjab National Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For Punjab National Bank, these characters are the bank's short identifier.
  • 5th character (0): Always zero which is reserved for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Rengali in Angul.

For example, the IFSC Code PUNB0178420 of Punjab National Bank for the Rengali branch includes these elements, identifying the bank and the branch location in Angul and Odisha accurately.

How to Find IFSC Code for Punjab National Bank?

If you are looking for the IFSC Code PUNB0178420 of Punjab National Bank for its Rengali branch located in Angul, the following methods can help:

Cheque Book

The cheque book that is issued by Punjab National Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including Punjab National Bank branches in Angul and Rengali ,Odisha, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Punjab National Bank and look for the branch locator section, then search for Rengali or Angul to get the exact IFSC Code PUNB0178420.

Mobile Banking App

If you use Punjab National Bank's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Punjab National Bank and Angul, then it will provide you proper information.

How to Use IFSC Code PUNB0178420 for Online Transfers?

Once you have the IFSC Code PUNB0178420 for the Rengali branch of Punjab National Bank in Angul, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code PUNB0178420. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Punjab National Bank IFSC Code PUNB0178420.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Punjab National Bank Rengali in Angul, it can result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Punjab National Bank in Rengali, here are some ways to obtain it:

  • Check the bottom of your cheque leaf.
  • Refer to the first page of your passbook.
  • Visit the official Punjab National Bank website.
  • Search the RBI portal.

Having both the IFSC and MICR codes makes it easy for account holders in Angul to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Punjab National Bank in Rengali, Angul?

The IFSC Code is PUNB0178420.

Is the IFSC Code PUNB0178420 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Punjab National Bank Rengali?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Rengali branch?

The address of the branch is Rengali, located in Angul, Rengali ,Odisha, Odisha.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.