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 Mumbai Borivali West branch in Ganjawala Lane, Mumbai, Maharashtra, 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 Ganjawala Lane or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code PUNB0131700. 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, Mumbai Borivali West, Ganjawala Lane
The table below shows the main details of the IFSC Code PUNB0131700 for the Punjab National Bank branch in Ganjawala Lane, which falls under the Mumbai district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Punjab National Bank |
| IFSC Code | PUNB0131700 |
| Branch | Mumbai Borivali West |
| City | Ganjawala Lane |
| District | Mumbai |
| State | Maharashtra |
| Address | Ganjawala Elegance |
These details are important not only for users using online banking but also for businesses and individuals who use Punjab National Bank in Ganjawala Lane for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code PUNB0131700 for the Mumbai Borivali West branch of Punjab National Bank is vital.
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 Mumbai Borivali West, Ganjawala Lane, Maharashtra, is provided a unique IFSC like PUNB0131700 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Punjab National Bank branch in Ganjawala Lane.
- 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 Ganjawala Lane and Mumbai.
- 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 Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Punjab National Bank in Mumbai Borivali West do not get misguided to another person.
Format of the IFSC Code PUNB0131700
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 Mumbai Borivali West in Ganjawala Lane.
For example, the IFSC Code PUNB0131700 of Punjab National Bank for the Mumbai Borivali West branch includes these elements, identifying the bank and the branch location in Ganjawala Lane and Maharashtra accurately.
How to Find IFSC Code for Punjab National Bank?
If you are looking for the IFSC Code PUNB0131700 of Punjab National Bank for its Mumbai Borivali West branch located in Ganjawala Lane, the following methods can help:
Cheque Book
The cheque book that is issued by Punjab National Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Punjab National Bank branches in Ganjawala Lane and Mumbai, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Punjab National Bank and look for the branch locator section, then search for Mumbai Borivali West or Ganjawala Lane to get the exact IFSC Code PUNB0131700.
Mobile Banking App
If you use Punjab National Bank's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Punjab National Bank and Ganjawala Lane, then it will provide you proper information.
How to Use IFSC Code PUNB0131700 for Online Transfers?
Once you have the IFSC Code PUNB0131700 for the Mumbai Borivali West branch of Punjab National Bank in Ganjawala Lane, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code PUNB0131700. 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 PUNB0131700.
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 Mumbai Borivali West in Ganjawala Lane, your payment can get delayed or might not go through at all.
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 Mumbai Borivali West, 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 Ganjawala Lane manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is PUNB0131700.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Ganjawala Elegance located in Ganjawala Lane, Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.