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 Agalpur branch in Dist-Bolangir, Agalpur(Odisha), 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 Dist-Bolangir or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code PUNB0736800. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Punjab National Bank, Agalpur, Dist-Bolangir

The table below shows the main details of the IFSC Code PUNB0736800 for the Punjab National Bank branch in Dist-Bolangir, which falls under the Agalpur(Odisha) district in Odisha.

Particulars Details
Bank Punjab National Bank
IFSC Code PUNB0736800
Branch Agalpur
City Dist-Bolangir
District Agalpur(Odisha)
State Odisha
Address At/Po-Agalpur Rajchowk

These details are crucial, not just for online banking users but also for businesses and individuals who use Punjab National Bank in Dist-Bolangir for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PUNB0736800 for the Agalpur 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 that is provided by the Reserve Bank of India. A unique IFSC like PUNB0736800 is given to every bank branch, including Punjab National Bank located in Agalpur, Dist-Bolangir, Odisha, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the Punjab National Bank branch in Dist-Bolangir.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any kind of confusion between multiple branches of the same bank across different places like Dist-Bolangir and Agalpur(Odisha).
  • It removes errors in fund transfers and improves accuracy.
  • It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Odisha and the rest of India, which is why the IFSC Code ensures that transactions meant for Punjab National Bank in Agalpur doesn't end up at another location.

Format of the IFSC Code PUNB0736800

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 Agalpur in Dist-Bolangir.

For example, the IFSC Code PUNB0736800 of Punjab National Bank for the Agalpur branch includes these elements, identifying the bank and the branch location in Dist-Bolangir and Odisha accurately.

How to Find IFSC Code for Punjab National Bank?

To find the IFSC Code PUNB0736800 of Punjab National Bank for its Agalpur branch located in Dist-Bolangir, 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 Dist-Bolangir and Agalpur(Odisha), 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 Agalpur or Dist-Bolangir to find the exact IFSC Code PUNB0736800.

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 Dist-Bolangir will provide accurate information.

How to Use IFSC Code PUNB0736800 for Online Transfers?

Once you have the IFSC Code PUNB0736800 for the Agalpur branch of Punjab National Bank in Dist-Bolangir, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code PUNB0736800. 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 PUNB0736800.

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 Agalpur in Dist-Bolangir, 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 Agalpur, 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 Dist-Bolangir manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Punjab National Bank in Agalpur, Dist-Bolangir?

The IFSC Code is PUNB0736800.

Is the IFSC Code PUNB0736800 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 Agalpur?

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 Agalpur branch?

The address of the branch is At/Po-Agalpur Rajchowk located in Dist-Bolangir, Agalpur(Odisha), Odisha.

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.