For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Punjab National Bank for its Currency Chest, Katras Road branch in Near Black Rock Hotel, Dhanbad, Dhanbad, Jharkhand, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Punjab National Bank located in Near Black Rock Hotel, Dhanbad or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code PUNB0714400. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Punjab National Bank, Currency Chest, Katras Road, Near Black Rock Hotel, Dhanbad
Here are the main details that are associated with the IFSC Code PUNB0714400 of Punjab National Bank for its branch located in Near Black Rock Hotel, Dhanbad, within the district of Dhanbad in the state of Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Punjab National Bank |
| IFSC Code | PUNB0714400 |
| Branch | Currency Chest, Katras Road |
| City | Near Black Rock Hotel, Dhanbad |
| District | Dhanbad |
| State | Jharkhand |
| Address | Savitri Mansion, Katras Road, |
These details are important not only for users using online banking but also for businesses and individuals who use Punjab National Bank in Near Black Rock Hotel, Dhanbad for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code PUNB0714400 for the Currency Chest, Katras Road branch of Punjab National Bank is vital.
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 PUNB0714400 is given to every bank branch, including Punjab National Bank located in Currency Chest, Katras Road, Near Black Rock Hotel, Dhanbad, Jharkhand, 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 Near Black Rock Hotel, Dhanbad.
- 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 Near Black Rock Hotel, Dhanbad and Dhanbad.
- 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 Jharkhand and the rest of India, which is why the IFSC Code ensures that transactions meant for Punjab National Bank in Currency Chest, Katras Road doesn't end up at another location.
Format of the IFSC Code PUNB0714400
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 Currency Chest, Katras Road in Near Black Rock Hotel, Dhanbad.
For example, the IFSC Code PUNB0714400 of Punjab National Bank for the Currency Chest, Katras Road branch includes these elements, identifying the bank and the branch location in Near Black Rock Hotel, Dhanbad and Jharkhand accurately.
How to Find IFSC Code for Punjab National Bank?
If you are looking for the IFSC Code PUNB0714400 of Punjab National Bank for its Currency Chest, Katras Road branch located in Near Black Rock Hotel, Dhanbad, 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 Near Black Rock Hotel, Dhanbad and Dhanbad, 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 Currency Chest, Katras Road or Near Black Rock Hotel, Dhanbad to get the exact IFSC Code PUNB0714400.
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 Near Black Rock Hotel, Dhanbad, then it will provide you proper information.
How to Use IFSC Code PUNB0714400 for Online Transfers?
Once you have the IFSC Code PUNB0714400 for the Currency Chest, Katras Road branch of Punjab National Bank in Near Black Rock Hotel, Dhanbad, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code PUNB0714400. 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 PUNB0714400.
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, Katras Road in Near Black Rock Hotel, Dhanbad, your payment can get delayed or might not go through at all.
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 Currency Chest, Katras Road, 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 Near Black Rock Hotel, Dhanbad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Currency Chest, Katras Road Near Black Rock Hotel, Dhanbad branch is PUNB0714400.
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 Savitri Mansion, Katras Road,.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.