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 Gwaliorjiwajichowk branch in Gwalior, Gwalior, Madhya Pradesh, 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 Gwalior or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code PUNB0114920. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Punjab National Bank, Gwaliorjiwajichowk, Gwalior
The table below shows the main details of the IFSC Code PUNB0114920 for the Punjab National Bank branch in Gwalior, which falls under the Gwalior district in Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Punjab National Bank |
| IFSC Code | PUNB0114920 |
| Branch | Gwaliorjiwajichowk |
| City | Gwalior |
| District | Gwalior |
| State | Madhya Pradesh |
| Address | Shiv Kripa Lashkar Patankara Bazar |
These details are important not only for users using online banking but also for businesses and individuals who use Punjab National Bank in Gwalior for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code PUNB0114920 for the Gwaliorjiwajichowk 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 that is provided by the Reserve Bank of India. A unique IFSC like PUNB0114920 is given to every bank branch, including Punjab National Bank located in Gwaliorjiwajichowk, Gwalior, Madhya Pradesh, 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 Gwalior.
- 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 Gwalior and Gwalior.
- 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 Madhya Pradesh and the rest of India, which is why the IFSC Code ensures that transactions meant for Punjab National Bank in Gwaliorjiwajichowk doesn't end up at another location.
Format of the IFSC Code PUNB0114920
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 Gwaliorjiwajichowk in Gwalior.
For example, the IFSC Code PUNB0114920 of Punjab National Bank for the Gwaliorjiwajichowk branch includes these elements, identifying the bank and the branch location in Gwalior and Madhya Pradesh accurately.
How to Find IFSC Code for Punjab National Bank?
If you are trying to find the IFSC Code PUNB0114920 of Punjab National Bank for its Gwaliorjiwajichowk branch located in Gwalior, 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 Gwalior and Gwalior, 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 Gwaliorjiwajichowk or Gwalior to get the exact IFSC Code PUNB0114920.
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 Gwalior, you'll get the correct details.
How to Use IFSC Code PUNB0114920 for Online Transfers?
Once you have the IFSC Code PUNB0114920 for the Gwaliorjiwajichowk branch of Punjab National Bank in Gwalior, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code PUNB0114920. 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 PUNB0114920.
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 Gwaliorjiwajichowk in Gwalior, 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 Gwaliorjiwajichowk, 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 Gwalior manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Gwaliorjiwajichowk Gwalior branch is PUNB0114920.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Shiv Kripa Lashkar Patankara Bazar.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.