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 Kothrud,Pune (Maharashtra) branch in Ideal Colony, Paud Road, Kothrud, Pune, Maharashtra, 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 Ideal Colony, Paud Road, Kothrud or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code PUNB0397400. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Punjab National Bank, Kothrud,Pune (Maharashtra), Ideal Colony, Paud Road, Kothrud
Here are the main details that are associated with the IFSC Code PUNB0397400 of Punjab National Bank for its branch located in Ideal Colony, Paud Road, Kothrud, within the district of Pune in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Punjab National Bank |
| IFSC Code | PUNB0397400 |
| Branch | Kothrud,Pune (Maharashtra) |
| City | Ideal Colony, Paud Road, Kothrud |
| District | Pune |
| State | Maharashtra |
| Address | 11/12 Navaswaraj Coop Hsg Soc Ltd |
These details helps users in online banking and for businesses and individuals who use Punjab National Bank in Ideal Colony, Paud Road, Kothrud for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PUNB0397400 for the Kothrud,Pune (Maharashtra) branch of Punjab National Bank plays a vital role.
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 Kothrud,Pune (Maharashtra), Ideal Colony, Paud Road, Kothrud, Maharashtra, are allotted a unique IFSC like PUNB0397400 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Ideal Colony, Paud Road, Kothrud.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Ideal Colony, Paud Road, Kothrud and Pune.
- 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 Kothrud,Pune (Maharashtra) reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code PUNB0397400
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 Kothrud,Pune (Maharashtra) in Ideal Colony, Paud Road, Kothrud.
For example, the IFSC Code PUNB0397400 of Punjab National Bank for the Kothrud,Pune (Maharashtra) branch includes these elements, identifying the bank and the branch location in Ideal Colony, Paud Road, Kothrud and Maharashtra accurately.
How to Find IFSC Code for Punjab National Bank?
If you are looking for the IFSC Code PUNB0397400 of Punjab National Bank for its Kothrud,Pune (Maharashtra) branch located in Ideal Colony, Paud Road, Kothrud, 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 Ideal Colony, Paud Road, Kothrud and Pune, 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 Kothrud,Pune (Maharashtra) or Ideal Colony, Paud Road, Kothrud to get the exact IFSC Code PUNB0397400.
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 Ideal Colony, Paud Road, Kothrud, then it will provide you proper information.
How to Use IFSC Code PUNB0397400 for Online Transfers?
Once you have the IFSC Code PUNB0397400 for the Kothrud,Pune (Maharashtra) branch of Punjab National Bank in Ideal Colony, Paud Road, Kothrud, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code PUNB0397400. The transfer is completed in batches instead of instantly. It is useful for both 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 PUNB0397400.
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 Kothrud,Pune (Maharashtra) in Ideal Colony, Paud Road, Kothrud, 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 Kothrud,Pune (Maharashtra), 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 Ideal Colony, Paud Road, Kothrud to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Kothrud,Pune (Maharashtra) Ideal Colony, Paud Road, Kothrud branch is PUNB0397400.
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 11/12 Navaswaraj Coop Hsg Soc Ltd.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.