Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Punjab National Bank for its Warrora branch in Chandrapur, Warora, Maharashtra, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Punjab National Bank located in Chandrapur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code PUNB0018010. You should definitely 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, Warrora, Chandrapur

Here are the main details that are associated with the IFSC Code PUNB0018010 of Punjab National Bank for its branch located in Chandrapur, within the district of Warora in the state of Maharashtra.

Particulars Details
Bank Punjab National Bank
IFSC Code PUNB0018010
Branch Warrora
City Chandrapur
District Warora
State Maharashtra
Address Gothi Bhawan, 1St Floor, Main Road 442907

These details help users in online banking and for businesses and individuals who use Punjab National Bank in Chandrapur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PUNB0018010 for the Warrora branch of Punjab National Bank has a very 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 Warrora, Chandrapur, Maharashtra, are given a unique IFSC like PUNB0018010 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Chandrapur.
  • 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 Chandrapur and Warora.
  • 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 Warrora goes to the correct branch. This is important because Punjab National Bank has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code PUNB0018010

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 Warrora in Chandrapur.

For example, the IFSC Code PUNB0018010 of Punjab National Bank for the Warrora branch includes these elements, identifying the bank and the branch location in Chandrapur and Maharashtra accurately.

How to Find IFSC Code for Punjab National Bank?

If you are trying to find the IFSC Code PUNB0018010 of Punjab National Bank for its Warrora branch located in Chandrapur, the following methods can help:

Cheque Book

The cheque books that are issued by Punjab National Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

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

Bank Website

Visit the official website of Punjab National Bank and find the branch locator section. Search for Warrora or Chandrapur to get the exact IFSC Code PUNB0018010.

Mobile Banking App

If you use Punjab National Bank's mobile app, you can easily 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 to help you in searching for Punjab National Bank and Chandrapur that will provide accurate information.

How to Use IFSC Code PUNB0018010 for Online Transfers?

Once you have the IFSC Code PUNB0018010 for the Warrora branch of Punjab National Bank in Chandrapur, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code PUNB0018010. 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 PUNB0018010.

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 Warrora in Chandrapur, 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 Warrora, 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 Chandrapur manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Punjab National Bank in Warrora, Chandrapur?

The IFSC Code is PUNB0018010.

Is the IFSC Code PUNB0018010 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 Warrora?

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 Warrora branch?

The address of the branch is Gothi Bhawan, 1St Floor, Main Road 442907 located in Chandrapur, Warora, Maharashtra.

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.