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 Currency Chest Kharagpur Golebazar branch in Kharagpur, Kolkata, West Bengal, 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 Kharagpur or anywhere in West Bengal can transfer funds instantly by using the correct IFSC Code PUNB0897100. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Punjab National Bank, Currency Chest Kharagpur Golebazar, Kharagpur
Below in the table are the key details related to IFSC Code PUNB0897100 of Punjab National Bank for its branch located in Kharagpur, within the district of Kolkata in the state of West Bengal.
| Particulars | Details |
|---|---|
| Bank | Punjab National Bank |
| IFSC Code | PUNB0897100 |
| Branch | Currency Chest Kharagpur Golebazar |
| City | Kharagpur |
| District | Kolkata |
| State | West Bengal |
| Address | Golebazar264 Railway Market Wb Khara 721301 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Punjab National Bank in Kharagpur for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PUNB0897100 for the Currency Chest Kharagpur Golebazar 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 provided by the Reserve Bank of India. Every bank branch, along with Punjab National Bank located in Currency Chest Kharagpur Golebazar, Kharagpur, West Bengal, are allotted a unique IFSC like PUNB0897100 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Kharagpur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Kharagpur and Kolkata.
- 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 Currency Chest Kharagpur Golebazar reaches the right place, even though there are thousands of branches in West Bengal and across India.
Format of the IFSC Code PUNB0897100
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): These represent the bank code. In Punjab National Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Currency Chest Kharagpur Golebazar in Kharagpur.
For example, the IFSC Code PUNB0897100 of Punjab National Bank for the Currency Chest Kharagpur Golebazar branch has these elements, identifying the bank and the branch location in Kharagpur and West Bengal correctly.
How to Find IFSC Code for Punjab National Bank?
To find the IFSC Code PUNB0897100 of Punjab National Bank for its Currency Chest Kharagpur Golebazar branch located in Kharagpur, 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 Kharagpur and Kolkata, 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 Currency Chest Kharagpur Golebazar or Kharagpur to find the exact IFSC Code PUNB0897100.
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 Kharagpur will provide accurate information.
How to Use IFSC Code PUNB0897100 for Online Transfers?
Once you have the IFSC Code PUNB0897100 for the Currency Chest Kharagpur Golebazar branch of Punjab National Bank in Kharagpur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code PUNB0897100. 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 PUNB0897100.
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 Currency Chest Kharagpur Golebazar in Kharagpur, 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 Currency Chest Kharagpur Golebazar, here are some ways that you can get 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.
If you know both IFSC and MICR codes, then it can help account holders in Kharagpur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is PUNB0897100.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Golebazar264 Railway Market Wb Khara 721301 located in Kharagpur, Kolkata, West Bengal.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.