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 Karawal Nagar Delhi branch in Karaval Nagar, Delhi, Delhi, 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 Karaval Nagar or anywhere in Delhi can transfer funds instantly by using the correct IFSC Code PUNB0457900. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Punjab National Bank, Karawal Nagar Delhi, Karaval Nagar
The table below shows the main details of the IFSC Code PUNB0457900 for the Punjab National Bank branch in Karaval Nagar, which falls under the Delhi district in Delhi.
| Particulars | Details |
|---|---|
| Bank | Punjab National Bank |
| IFSC Code | PUNB0457900 |
| Branch | Karawal Nagar Delhi |
| City | Karaval Nagar |
| District | Delhi |
| State | Delhi |
| Address | Navyug Happy Public School , Mukund Vihar |
These details are crucial, not just for online banking users but also for businesses and individuals who use Punjab National Bank in Karaval Nagar for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PUNB0457900 for the Karawal Nagar Delhi 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 PUNB0457900 is given to every bank branch, including Punjab National Bank located in Karawal Nagar Delhi, Karaval Nagar, Delhi, 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 Karaval Nagar.
- 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 Karaval Nagar and Delhi.
- 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 Delhi and the rest of India, which is why the IFSC Code ensures that transactions meant for Punjab National Bank in Karawal Nagar Delhi doesn't end up at another location.
Format of the IFSC Code PUNB0457900
The format of the IFSC Code for banks, including Punjab National Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Punjab National Bank, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Karawal Nagar Delhi in Karaval Nagar.
For example, the IFSC Code PUNB0457900 of Punjab National Bank for the Karawal Nagar Delhi branch includes these elements, identifying the bank and the branch location in Karaval Nagar and Delhi accurately.
How to Find IFSC Code for Punjab National Bank?
If you are trying to find the IFSC Code PUNB0457900 of Punjab National Bank for its Karawal Nagar Delhi branch located in Karaval Nagar, 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 Karaval Nagar and Delhi, 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 Karawal Nagar Delhi or Karaval Nagar to get the exact IFSC Code PUNB0457900.
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 Karaval Nagar, you'll get the correct details.
How to Use IFSC Code PUNB0457900 for Online Transfers?
Once you have the IFSC Code PUNB0457900 for the Karawal Nagar Delhi branch of Punjab National Bank in Karaval Nagar, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PUNB0457900. 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 PUNB0457900.
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 Karawal Nagar Delhi in Karaval Nagar 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 Karawal Nagar Delhi, 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 Karaval Nagar to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Karawal Nagar Delhi Karaval Nagar branch is PUNB0457900.
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 Navyug Happy Public School , Mukund Vihar.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.