The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Punjab National Bank for its Patnagarh Road Bolangir branch in Balng, Balng, Odisha, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Punjab National Bank located in Balng or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code PUNB0956600. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Punjab National Bank, Patnagarh Road Bolangir, Balng

Here are some of the key details that come with the IFSC Code PUNB0956600 of Punjab National Bank for its branch located in Balng, within the district of Balng in the state of Odisha.

Particulars Details
Bank Punjab National Bank
IFSC Code PUNB0956600
Branch Patnagarh Road Bolangir
City Balng
District Balng
State Odisha
Address Chandrasekhar Nagar Patnagarh Road Po Collage Square Or Balng 767002

These details are crucial, not just for online banking users but also for businesses and individuals who use Punjab National Bank in Balng for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PUNB0956600 for the Patnagarh Road Bolangir branch of Punjab National Bank has an important 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 Patnagarh Road Bolangir, Balng, Odisha, are allotted a unique IFSC like PUNB0956600 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

It makes sure that money sent to Punjab National Bank in Patnagarh Road Bolangir reaches the right place, even though there are thousands of branches in Odisha and across India.

Format of the IFSC Code PUNB0956600

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

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For Punjab National Bank, these characters are the bank's short identifier.
  • 5th character (0): This stays zero till there is any future use.
  • Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Patnagarh Road Bolangir in Balng.

For example, the IFSC Code PUNB0956600 of Punjab National Bank for the Patnagarh Road Bolangir branch includes these elements, identifying the bank and the branch location in Balng and Odisha accurately.

How to Find IFSC Code for Punjab National Bank?

If you are trying to find the IFSC Code PUNB0956600 of Punjab National Bank for its Patnagarh Road Bolangir branch located in Balng, the following methods can help:

Cheque Book

The cheque book issued by Punjab National Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

You can easily find the IFSC and MICR codes because most banks, including Punjab National Bank branches in Balng and Balng, print them on the first page of your passbook.

Bank Website

Visit the official website of Punjab National Bank and navigate to the branch locator section. Search for Patnagarh Road Bolangir or Balng to get the exact IFSC Code PUNB0956600.

Mobile Banking App

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

RBI Website

The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Punjab National Bank and Balng, you'll get the correct details.

How to Use IFSC Code PUNB0956600 for Online Transfers?

Once you have the IFSC Code PUNB0956600 for the Patnagarh Road Bolangir branch of Punjab National Bank in Balng, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code PUNB0956600. 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 PUNB0956600.

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 Patnagarh Road Bolangir in Balng, it can result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Punjab National Bank in Patnagarh Road Bolangir, you can find it by any of the following ways:

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

Having both IFSC and MICR codes helps account holders in Balng manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Punjab National Bank in Patnagarh Road Bolangir, Balng?

The IFSC Code is PUNB0956600.

Is the IFSC Code PUNB0956600 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of Punjab National Bank Patnagarh Road Bolangir?

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

What is the full address of the Patnagarh Road Bolangir branch?

The address of the branch is Chandrasekhar Nagar Patnagarh Road Po Collage Square Or Balng 767002 located in Balng, Balng, 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.