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 Silvasa branch in Dadra And Nagar Haveli, Silvasa, Dadra And Nagar Haveli, 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 Dadra And Nagar Haveli or anywhere in Dadra And Nagar Haveli can transfer funds instantly by using the correct IFSC Code PUNB0117310. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Punjab National Bank, Silvasa, Dadra And Nagar Haveli

Here are some of the key details that come with the IFSC Code PUNB0117310 of Punjab National Bank for its branch located in Dadra And Nagar Haveli, within the district of Silvasa in the state of Dadra And Nagar Haveli.

Particulars Details
Bank Punjab National Bank
IFSC Code PUNB0117310
Branch Silvasa
City Dadra And Nagar Haveli
District Silvasa
State Dadra And Nagar Haveli
Address Plot No. 159/2/1 Hotel Krishna, Gr. Floor 396230

These details help users in online banking and for businesses and individuals who use Punjab National Bank in Dadra And Nagar Haveli for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PUNB0117310 for the Silvasa 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Punjab National Bank located in Silvasa, Dadra And Nagar Haveli, Dadra And Nagar Haveli, is provided a unique IFSC like PUNB0117310 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Punjab National Bank branch in Dadra And Nagar Haveli.
  • Helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any confusions between multiple branches of the same bank across different places like Dadra And Nagar Haveli and Silvasa.
  • It reduces most of the errors in fund transfers and makes sure its accuracy.
  • It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Dadra And Nagar Haveli and the rest of India, the IFSC Code ensures that transactions meant for Punjab National Bank in Silvasa do not get misguided to another person.

Format of the IFSC Code PUNB0117310

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

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): These represent the bank code. In Punjab National Bank, they are a short identifier for the bank.
  • 5th character (0): This is always zero and is reserved for future use.
  • Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Silvasa in Dadra And Nagar Haveli.

For example, the IFSC Code PUNB0117310 of Punjab National Bank for the Silvasa branch has these elements, identifying the bank and the branch location in Dadra And Nagar Haveli and Dadra And Nagar Haveli correctly.

How to Find IFSC Code for Punjab National Bank?

If you are trying to find the IFSC Code PUNB0117310 of Punjab National Bank for its Silvasa branch located in Dadra And Nagar Haveli, 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 Dadra And Nagar Haveli and Silvasa, 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 Silvasa or Dadra And Nagar Haveli to get the exact IFSC Code PUNB0117310.

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 Dadra And Nagar Haveli that will provide accurate information.

How to Use IFSC Code PUNB0117310 for Online Transfers?

Once you have the IFSC Code PUNB0117310 for the Silvasa branch of Punjab National Bank in Dadra And Nagar Haveli, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code PUNB0117310. 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 PUNB0117310.

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 Silvasa in Dadra And Nagar Haveli, 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 Silvasa, 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 Dadra And Nagar Haveli manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Punjab National Bank Silvasa Dadra And Nagar Haveli?

The IFSC Code of the Silvasa Dadra And Nagar Haveli branch is PUNB0117310.

Is IFSC Code PUNB0117310 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Punjab National Bank Silvasa branch?

The branch is located at Plot No. 159/2/1 Hotel Krishna, Gr. Floor 396230.

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.