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 255 Jawahar Marg, Indore branch in Opp Vaishna School Rajmohall, Indore, 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 Opp Vaishna School Rajmohall or anywhere in Madhya Pradesh can easily transfer funds instantly by using the correct IFSC Code PUNB0193600. 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, 255 Jawahar Marg, Indore, Opp Vaishna School Rajmohall
The table below shows the main details of the IFSC Code PUNB0193600 for the Punjab National Bank branch in Opp Vaishna School Rajmohall, which falls under the Indore district in Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Punjab National Bank |
| IFSC Code | PUNB0193600 |
| Branch | 255 Jawahar Marg, Indore |
| City | Opp Vaishna School Rajmohall |
| District | Indore |
| State | Madhya Pradesh |
| Address | 255 Jawhar Marg |
These details are important not only for users using online banking but also for businesses and individuals who use Punjab National Bank in Opp Vaishna School Rajmohall for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code PUNB0193600 for the 255 Jawahar Marg, Indore branch of Punjab National Bank is vital.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Punjab National Bank located in 255 Jawahar Marg, Indore, Opp Vaishna School Rajmohall, Madhya Pradesh, is provided a unique IFSC like PUNB0193600 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Punjab National Bank branch in Opp Vaishna School Rajmohall.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Opp Vaishna School Rajmohall and Indore.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Madhya Pradesh and the rest of India, the IFSC Code ensures that transactions meant for Punjab National Bank in 255 Jawahar Marg, Indore do not get misguided to another person.
Format of the IFSC Code PUNB0193600
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 255 Jawahar Marg, Indore in Opp Vaishna School Rajmohall.
For example, the IFSC Code PUNB0193600 of Punjab National Bank for the 255 Jawahar Marg, Indore branch includes these elements, identifying the bank and the branch location in Opp Vaishna School Rajmohall and Madhya Pradesh accurately.
How to Find IFSC Code for Punjab National Bank?
If you are trying to find the IFSC Code PUNB0193600 of Punjab National Bank for its 255 Jawahar Marg, Indore branch located in Opp Vaishna School Rajmohall, the following methods can help:
Cheque Book
The cheque books that are issued by Punjab National Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Punjab National Bank branches in Opp Vaishna School Rajmohall and Indore, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Punjab National Bank and find the branch locator section. Search for 255 Jawahar Marg, Indore or Opp Vaishna School Rajmohall to get the exact IFSC Code PUNB0193600.
Mobile Banking App
If you use Punjab National Bank's mobile app, you can easily 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 to help you in searching for Punjab National Bank and Opp Vaishna School Rajmohall that will provide accurate information.
How to Use IFSC Code PUNB0193600 for Online Transfers?
Once you have the IFSC Code PUNB0193600 for the 255 Jawahar Marg, Indore branch of Punjab National Bank in Opp Vaishna School Rajmohall, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PUNB0193600. Transfers are processed in batches. This is suitable for 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 PUNB0193600.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Punjab National Bank 255 Jawahar Marg, Indore in Opp Vaishna School Rajmohall may 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 255 Jawahar Marg, Indore, 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 Opp Vaishna School Rajmohall manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is PUNB0193600.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is 255 Jawhar Marg located in Opp Vaishna School Rajmohall, Indore, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.