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 Kuruan branch in Bargarh, Bargarh, 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 Bargarh or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code PUNB0214310. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Punjab National Bank, Kuruan, Bargarh
Here are some of the key details that come with the IFSC Code PUNB0214310 of Punjab National Bank for its branch located in Bargarh, within the district of Bargarh in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Punjab National Bank |
| IFSC Code | PUNB0214310 |
| Branch | Kuruan |
| City | Bargarh |
| District | Bargarh |
| State | Odisha |
| Address | B/O Kuruan,Rajiv Gandh Po. Kuruan, Via Remund 768103 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Punjab National Bank in Bargarh for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PUNB0214310 for the Kuruan 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 Kuruan, Bargarh, Odisha, are allotted a unique IFSC like PUNB0214310 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bargarh.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Bargarh and Bargarh.
- 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 Kuruan reaches the right place, even though there are thousands of branches in Odisha and across India.
Format of the IFSC Code PUNB0214310
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 Kuruan in Bargarh.
For example, the IFSC Code PUNB0214310 of Punjab National Bank for the Kuruan branch includes these elements, identifying the bank and the branch location in Bargarh and Odisha accurately.
How to Find IFSC Code for Punjab National Bank?
To find the IFSC Code PUNB0214310 of Punjab National Bank for its Kuruan branch located in Bargarh, the following methods can help you out:
Cheque Book
The cheque book issued by Punjab National Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Punjab National Bank branches in Bargarh and Bargarh, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Punjab National Bank and go to the branch locator section. Then search for Kuruan or Bargarh to find the exact IFSC Code PUNB0214310.
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 maintains an updated database of all IFSC codes. Searching for Punjab National Bank and Bargarh will provide accurate information.
How to Use IFSC Code PUNB0214310 for Online Transfers?
Once you have the IFSC Code PUNB0214310 for the Kuruan branch of Punjab National Bank in Bargarh, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PUNB0214310. Transfers are processed in batches. This is suitable for personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Punjab National Bank IFSC Code PUNB0214310.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Punjab National Bank Kuruan in Bargarh may 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 Kuruan, 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 Bargarh to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is PUNB0214310.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is B/O Kuruan,Rajiv Gandh Po. Kuruan, Via Remund 768103 located in Bargarh, Bargarh, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.