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 Plp North Delhi branch in Delhi, North Delhi, Delhi, 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 Delhi or anywhere in Delhi can transfer funds instantly by using the correct IFSC Code PUNB0941600. 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, Plp North Delhi, Delhi

The table below shows the main details of the IFSC Code PUNB0941600 for the Punjab National Bank branch in Delhi, which falls under the North Delhi district in Delhi.

Particulars Details
Bank Punjab National Bank
IFSC Code PUNB0941600
Branch Plp North Delhi
City Delhi
District North Delhi
State Delhi
Address 8/1 Abdul Aziz Road Wea 2Nd Floor Karol Bagh Dl Delhi 110005

These details are important not only for users using online banking but also for businesses and individuals who use Punjab National Bank in Delhi for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code PUNB0941600 for the Plp North Delhi branch of Punjab National Bank is vital.

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 Plp North Delhi, Delhi, Delhi, are allotted a unique IFSC like PUNB0941600 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Delhi.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Delhi and North Delhi.
  • 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 Plp North Delhi reaches the right place, even though there are thousands of branches in Delhi and across India.

Format of the IFSC Code PUNB0941600

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): Show the bank code. For Punjab National Bank, these letters represent the bank's short name.
  • 5th character: Is always zero and is kept for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Plp North Delhi in Delhi.

For example, the IFSC Code PUNB0941600 of Punjab National Bank for the Plp North Delhi branch includes these elements, identifying the bank and the branch location in Delhi and Delhi accurately.

How to Find IFSC Code for Punjab National Bank?

If you are trying to find the IFSC Code PUNB0941600 of Punjab National Bank for its Plp North Delhi branch located in Delhi, 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

Most banks, including Punjab National Bank branches in Delhi and North Delhi, print the IFSC and MICR codes 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 Plp North Delhi or Delhi to get the exact IFSC Code PUNB0941600.

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 Delhi, you'll get the correct details.

How to Use IFSC Code PUNB0941600 for Online Transfers?

Once you have the IFSC Code PUNB0941600 for the Plp North Delhi branch of Punjab National Bank in Delhi, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code PUNB0941600. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 PUNB0941600.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Punjab National Bank Plp North Delhi in Delhi, your payment can get delayed or might not go through at all.

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 Plp North Delhi, 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 Delhi to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Punjab National Bank in Plp North Delhi, Delhi?

The IFSC Code is PUNB0941600.

Is the IFSC Code PUNB0941600 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 Plp North Delhi?

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 Plp North Delhi branch?

The address of the branch is 8/1 Abdul Aziz Road Wea 2Nd Floor Karol Bagh Dl Delhi 110005 located in Delhi, North Delhi, Delhi.

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.