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 Prabhas Patan branch in Prabhas Patan (Somnath) Distt Junagarh, Veravel Distt Jaunagarh, Gujarat, 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 Prabhas Patan (Somnath) Distt Junagarh or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code PUNB0754500. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Punjab National Bank, Prabhas Patan, Prabhas Patan (Somnath) Distt Junagarh
Here are the main details that are associated with the IFSC Code PUNB0754500 of Punjab National Bank for its branch located in Prabhas Patan (Somnath) Distt Junagarh, within the district of Veravel Distt Jaunagarh in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | Punjab National Bank |
| IFSC Code | PUNB0754500 |
| Branch | Prabhas Patan |
| City | Prabhas Patan (Somnath) Distt Junagarh |
| District | Veravel Distt Jaunagarh |
| State | Gujarat |
| Address | Lilavati Bhavan, Shop No F-10, 11, 12 |
These details are essential not only for online banking users but also for businesses and individuals who use Punjab National Bank in Prabhas Patan (Somnath) Distt Junagarh for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PUNB0754500 for the Prabhas Patan 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, including Punjab National Bank located in Prabhas Patan, Prabhas Patan (Somnath) Distt Junagarh, Gujarat, is provided with a unique IFSC like PUNB0754500 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Punjab National Bank branch in Prabhas Patan (Somnath) Distt Junagarh.
- 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 Prabhas Patan (Somnath) Distt Junagarh and Veravel Distt Jaunagarh.
- 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 Gujarat and the rest of India and the IFSC Code ensures that transactions meant for Punjab National Bank in Prabhas Patan do not get mixed with another location.
Format of the IFSC Code PUNB0754500
The format of the IFSC Code for banks, including Punjab National Bank, has 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 Prabhas Patan in Prabhas Patan (Somnath) Distt Junagarh.
For example, the IFSC Code PUNB0754500 of Punjab National Bank for the Prabhas Patan branch includes these elements, identifying the bank and the branch location in Prabhas Patan (Somnath) Distt Junagarh and Gujarat correctly.
How to Find IFSC Code for Punjab National Bank?
If you are looking for the IFSC Code PUNB0754500 of Punjab National Bank for its Prabhas Patan branch located in Prabhas Patan (Somnath) Distt Junagarh, 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 Prabhas Patan (Somnath) Distt Junagarh and Veravel Distt Jaunagarh, 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 Prabhas Patan or Prabhas Patan (Somnath) Distt Junagarh to get the exact IFSC Code PUNB0754500.
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 Prabhas Patan (Somnath) Distt Junagarh, then it will provide you proper information.
How to Use IFSC Code PUNB0754500 for Online Transfers?
Once you have the IFSC Code PUNB0754500 for the Prabhas Patan branch of Punjab National Bank in Prabhas Patan (Somnath) Distt Junagarh, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PUNB0754500. 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 PUNB0754500.
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 Prabhas Patan in Prabhas Patan (Somnath) Distt Junagarh, 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 Prabhas Patan, 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 Prabhas Patan (Somnath) Distt Junagarh manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is PUNB0754500.
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 Lilavati Bhavan, Shop No F-10, 11, 12 located in Prabhas Patan (Somnath) Distt Junagarh, Veravel Distt Jaunagarh, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.