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 Maya Puri Delhi branch in Mayapuri Delhi, 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 Mayapuri Delhi or anywhere in Delhi can transfer funds instantly by using the correct IFSC Code PUNB0184700. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Punjab National Bank, Maya Puri Delhi, Mayapuri Delhi
The table below shows the main details of the IFSC Code PUNB0184700 for the Punjab National Bank branch in Mayapuri Delhi, which falls under the Delhi district in Delhi.
| Particulars | Details |
|---|---|
| Bank | Punjab National Bank |
| IFSC Code | PUNB0184700 |
| Branch | Maya Puri Delhi |
| City | Mayapuri Delhi |
| District | Delhi |
| State | Delhi |
| Address | 4, Community Centre, Pahase-1 |
These details helps users in online banking and for businesses and individuals who use Punjab National Bank in Mayapuri Delhi for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PUNB0184700 for the Maya Puri Delhi 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 that is provided by the Reserve Bank of India. A unique IFSC like PUNB0184700 is given to every bank branch, including Punjab National Bank located in Maya Puri Delhi, Mayapuri Delhi, 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 Mayapuri Delhi.
- 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 Mayapuri Delhi 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 Maya Puri Delhi doesn't end up at another location.
Format of the IFSC Code PUNB0184700
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 Maya Puri Delhi in Mayapuri Delhi.
For example, the IFSC Code PUNB0184700 of Punjab National Bank for the Maya Puri Delhi branch has these elements, identifying the bank and the branch location in Mayapuri Delhi and Delhi correctly.
How to Find IFSC Code for Punjab National Bank?
If you are looking for the IFSC Code PUNB0184700 of Punjab National Bank for its Maya Puri Delhi branch located in Mayapuri Delhi, 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 Mayapuri Delhi and Delhi, 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 Maya Puri Delhi or Mayapuri Delhi to get the exact IFSC Code PUNB0184700.
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 Mayapuri Delhi, then it will provide you proper information.
How to Use IFSC Code PUNB0184700 for Online Transfers?
Once you have the IFSC Code PUNB0184700 for the Maya Puri Delhi branch of Punjab National Bank in Mayapuri Delhi, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code PUNB0184700. 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 PUNB0184700.
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 Maya Puri Delhi in Mayapuri Delhi, 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 Maya Puri Delhi, 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 Mayapuri Delhi manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is PUNB0184700.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is 4, Community Centre, Pahase-1 located in Mayapuri Delhi, Delhi, Delhi.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.