There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Punjab National Bank for its Labac Bazar branch in Cachar, Labac Bazar, Assam, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Punjab National Bank situated in Cachar or anywhere in Assam can easily transfer funds instantly by using the correct IFSC Code PUNB0128420. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Punjab National Bank, Labac Bazar, Cachar
The table below shows the main details of the IFSC Code PUNB0128420 for the Punjab National Bank branch in Cachar, which falls under the Labac Bazar district in Assam.
| Particulars | Details |
|---|---|
| Bank | Punjab National Bank |
| IFSC Code | PUNB0128420 |
| Branch | Labac Bazar |
| City | Cachar |
| District | Labac Bazar |
| State | Assam |
| Address | Labac Road,Pailapool,Cachar |
These details are essential not only for online banking users but also for businesses and individuals who use Punjab National Bank in Cachar for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PUNB0128420 for the Labac Bazar branch of Punjab National Bank plays 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 Labac Bazar, Cachar, Assam, are allotted a unique IFSC like PUNB0128420 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Cachar.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Cachar and Labac Bazar.
- 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 Labac Bazar reaches the right place, even though there are thousands of branches in Assam and across India.
Format of the IFSC Code PUNB0128420
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 Labac Bazar in Cachar.
For example, the IFSC Code PUNB0128420 of Punjab National Bank for the Labac Bazar branch includes these elements, identifying the bank and the branch location in Cachar and Assam accurately.
How to Find IFSC Code for Punjab National Bank?
To find the IFSC Code PUNB0128420 of Punjab National Bank for its Labac Bazar branch located in Cachar, 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 Cachar and Labac Bazar, 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 Labac Bazar or Cachar to find the exact IFSC Code PUNB0128420.
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 Cachar will provide accurate information.
How to Use IFSC Code PUNB0128420 for Online Transfers?
Once you have the IFSC Code PUNB0128420 for the Labac Bazar branch of Punjab National Bank in Cachar, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PUNB0128420. 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 PUNB0128420.
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 Labac Bazar in Cachar may 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 Labac Bazar, 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 Cachar manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Labac Bazar Cachar branch is PUNB0128420.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Labac Road,Pailapool,Cachar.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.