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 Tendabadi, Dist Nayagarh(Oriss branch in Dist Nayagarh, Orissa, Tendabadi(Orissa), Odisha, 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 Dist Nayagarh, Orissa or anywhere in Odisha can easily transfer funds instantly by using the correct IFSC Code PUNB0298400. 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, Tendabadi, Dist Nayagarh(Oriss, Dist Nayagarh, Orissa
Here are some of the key details that come with the IFSC Code PUNB0298400 of Punjab National Bank for its branch located in Dist Nayagarh, Orissa, within the district of Tendabadi(Orissa) in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Punjab National Bank |
| IFSC Code | PUNB0298400 |
| Branch | Tendabadi, Dist Nayagarh(Oriss |
| City | Dist Nayagarh, Orissa |
| District | Tendabadi(Orissa) |
| State | Odisha |
| Address | Po Poibari, Via Daspalla |
These details help users in online banking and for businesses and individuals who use Punjab National Bank in Dist Nayagarh, Orissa for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PUNB0298400 for the Tendabadi, Dist Nayagarh(Oriss 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 that is provided by the Reserve Bank of India. A unique IFSC like PUNB0298400 is given to every bank branch, including Punjab National Bank located in Tendabadi, Dist Nayagarh(Oriss, Dist Nayagarh, Orissa, 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 Nayagarh, Orissa.
- 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 Nayagarh, Orissa and Tendabadi(Orissa).
- 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 Tendabadi, Dist Nayagarh(Oriss doesn't end up at another location.
Format of the IFSC Code PUNB0298400
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 Tendabadi, Dist Nayagarh(Oriss in Dist Nayagarh, Orissa.
For example, the IFSC Code PUNB0298400 of Punjab National Bank for the Tendabadi, Dist Nayagarh(Oriss branch includes these elements, identifying the bank and the branch location in Dist Nayagarh, Orissa and Odisha accurately.
How to Find IFSC Code for Punjab National Bank?
To find the IFSC Code PUNB0298400 of Punjab National Bank for its Tendabadi, Dist Nayagarh(Oriss branch located in Dist Nayagarh, Orissa, 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 Nayagarh, Orissa and Tendabadi(Orissa), 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 Tendabadi, Dist Nayagarh(Oriss or Dist Nayagarh, Orissa to find the exact IFSC Code PUNB0298400.
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 Nayagarh, Orissa will provide accurate information.
How to Use IFSC Code PUNB0298400 for Online Transfers?
Once you have the IFSC Code PUNB0298400 for the Tendabadi, Dist Nayagarh(Oriss branch of Punjab National Bank in Dist Nayagarh, Orissa, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PUNB0298400. 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 PUNB0298400.
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 Tendabadi, Dist Nayagarh(Oriss in Dist Nayagarh, Orissa may result in delayed or failed transactions.
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 Tendabadi, Dist Nayagarh(Oriss, 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 Dist Nayagarh, Orissa to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is PUNB0298400.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Po Poibari, Via Daspalla located in Dist Nayagarh, Orissa, Tendabadi(Orissa), Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.