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 Dhakoli branch in Ng, Dhakoli, Mohali, Punjab, Punjab, 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 Ng, Dhakoli or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code PUNB0617000. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Punjab National Bank, Dhakoli, Ng, Dhakoli
Below in the table are the key details related to IFSC Code PUNB0617000 of Punjab National Bank for its branch located in Ng, Dhakoli, within the district of Mohali, Punjab in the state of Punjab.
| Particulars | Details |
|---|---|
| Bank | Punjab National Bank |
| IFSC Code | PUNB0617000 |
| Branch | Dhakoli |
| City | Ng, Dhakoli |
| District | Mohali, Punjab |
| State | Punjab |
| Address | Sco-6, Guru Nanak Colony, Near Railway Crossi |
These details are essential not only for online banking users but also for businesses and individuals who use Punjab National Bank in Ng, Dhakoli for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PUNB0617000 for the Dhakoli branch of Punjab National Bank plays 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 Dhakoli, Ng, Dhakoli, Punjab, are given a unique IFSC like PUNB0617000 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Ng, Dhakoli.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Ng, Dhakoli and Mohali, Punjab.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Punjab National Bank in Dhakoli goes to the correct branch. This is important because Punjab National Bank has thousands of branches in Punjab and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code PUNB0617000
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 Dhakoli in Ng, Dhakoli.
For example, the IFSC Code PUNB0617000 of Punjab National Bank for the Dhakoli branch includes these elements, identifying the bank and the branch location in Ng, Dhakoli and Punjab accurately.
How to Find IFSC Code for Punjab National Bank?
To find the IFSC Code PUNB0617000 of Punjab National Bank for its Dhakoli branch located in Ng, Dhakoli, 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 Ng, Dhakoli and Mohali, Punjab, 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 Dhakoli or Ng, Dhakoli to find the exact IFSC Code PUNB0617000.
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 Ng, Dhakoli will provide accurate information.
How to Use IFSC Code PUNB0617000 for Online Transfers?
Once you have the IFSC Code PUNB0617000 for the Dhakoli branch of Punjab National Bank in Ng, Dhakoli, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PUNB0617000. 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 PUNB0617000.
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 Dhakoli in Ng, Dhakoli, it can 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 Dhakoli, 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 Ng, Dhakoli to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is PUNB0617000.
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 Sco-6, Guru Nanak Colony, Near Railway Crossi located in Ng, Dhakoli, Mohali, Punjab, Punjab.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.