Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Punjab National Bank for its Panipat New Subzi Mandi, Distt branch in Panipat, Panipat, or Haryana, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Punjab National Bank located in Panipat or anywhere in Haryana can transfer funds instantly by using the correct IFSC Code PUNB0145600. You should definitely 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, Panipat New Subzi Mandi, Distt, Panipat
Below in the table are the key details related to IFSC Code PUNB0145600 of Punjab National Bank for its branch located in Panipat, within the district of Panipat in the state of Haryana.
| Particulars | Details |
|---|---|
| Bank | Punjab National Bank |
| IFSC Code | PUNB0145600 |
| Branch | Panipat New Subzi Mandi, Distt |
| City | Panipat |
| District | Panipat |
| State | Haryana |
| Address | Panipat New Subzi Mandi |
These details are important not only for users using online banking but also for businesses and individuals who use Punjab National Bank in Panipat for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code PUNB0145600 for the Panipat New Subzi Mandi, Distt 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 PUNB0145600 is given to every bank branch, including Punjab National Bank located in Panipat New Subzi Mandi, Distt, Panipat, Haryana, 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 Panipat.
- 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 Panipat and Panipat.
- 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 Haryana and the rest of India, which is why the IFSC Code ensures that transactions meant for Punjab National Bank in Panipat New Subzi Mandi, Distt doesn't end up at another location.
Format of the IFSC Code PUNB0145600
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 Panipat New Subzi Mandi, Distt in Panipat.
For example, the IFSC Code PUNB0145600 of Punjab National Bank for the Panipat New Subzi Mandi, Distt branch includes these elements, identifying the bank and the branch location in Panipat and Haryana accurately.
How to Find IFSC Code for Punjab National Bank?
If you are trying to find the IFSC Code PUNB0145600 of Punjab National Bank for its Panipat New Subzi Mandi, Distt branch located in Panipat, 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 Panipat and Panipat, 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 Panipat New Subzi Mandi, Distt or Panipat to get the exact IFSC Code PUNB0145600.
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 Panipat that will provide accurate information.
How to Use IFSC Code PUNB0145600 for Online Transfers?
If you have the IFSC Code PUNB0145600 for the Panipat New Subzi Mandi, Distt branch of Punjab National Bank in Panipat, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PUNB0145600. Transfers are processed in batches. 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. Asks for the recipient's account details and Punjab National Bank IFSC Code PUNB0145600.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Punjab National Bank Panipat New Subzi Mandi, Distt in Panipat, it may 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 Panipat New Subzi Mandi, Distt, 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 Panipat manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Panipat New Subzi Mandi, Distt Panipat branch is PUNB0145600.
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 Panipat New Subzi Mandi.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.