IFSC Code of Punjab National Bank, Raisen, 8 Mukherjee Nagar, Raisen (Mp), Madhya Pradesh — PUNB0489700

There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Punjab National Bank for its Raisen, 8 Mukherjee Nagar branch in Mp, Raisen (Mp), Madhya Pradesh, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Punjab National Bank situated in Mp or anywhere in Madhya Pradesh can easily transfer funds instantly by using the correct IFSC Code PUNB0489700. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Punjab National Bank, Raisen, 8 Mukherjee Nagar, Mp

Here are the key points that are associated with the IFSC Code PUNB0489700 of Punjab National Bank for its branch located in Mp, within the district of Raisen (Mp) in the state of Madhya Pradesh.

These details are crucial, not just for online banking users but also for businesses and individuals who use Punjab National Bank in Mp for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PUNB0489700 for the Raisen, 8 Mukherjee Nagar 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, including Punjab National Bank located in Raisen, 8 Mukherjee Nagar, Mp, Madhya Pradesh, is provided with a unique IFSC like PUNB0489700 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Punjab National Bank branch in Mp.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any errors or confusions between multiple branches of the same bank across different places like Mp and Raisen (Mp).
• It reduces errors in fund transfers and improves accuracy.
• It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Madhya Pradesh and the rest of India and the IFSC Code ensures that transactions meant for Punjab National Bank in Raisen, 8 Mukherjee Nagar do not get mixed with another location.

Format of the IFSC Code PUNB0489700

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 Raisen, 8 Mukherjee Nagar in Mp.

For example, the IFSC Code PUNB0489700 of Punjab National Bank for the Raisen, 8 Mukherjee Nagar branch includes these elements, identifying the bank and the branch location in Mp and Madhya Pradesh accurately.

How to Find IFSC Code for Punjab National Bank?

If you are trying to find the IFSC Code PUNB0489700 of Punjab National Bank for its Raisen, 8 Mukherjee Nagar branch located in Mp, 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

You can easily find the IFSC and MICR codes because most banks, including Punjab National Bank branches in Mp and Raisen (Mp), print them 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 Raisen, 8 Mukherjee Nagar or Mp to get the exact IFSC Code PUNB0489700.

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 Mp, you'll get the correct details.

How to Use IFSC Code PUNB0489700 for Online Transfers?

Once you have the IFSC Code PUNB0489700 for the Raisen, 8 Mukherjee Nagar branch of Punjab National Bank in Mp, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code PUNB0489700. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Punjab National Bank IFSC Code PUNB0489700.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Punjab National Bank Raisen, 8 Mukherjee Nagar in Mp, it can result in delayed or failed transactions.

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 Raisen, 8 Mukherjee Nagar, 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 Mp manage online transfers as well as cheque clearances with ease.