IFSC Code of Punjab National Bank, Mahamadabad Kotwa, Lucknow, Uttar Pradesh — PUNB0196420

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 Mahamadabad Kotwa branch in Rae Bareli, Lucknow, or Uttar Pradesh, 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 Rae Bareli or anywhere in Uttar Pradesh can transfer funds instantly by using the correct IFSC Code PUNB0196420. 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, Mahamadabad Kotwa, Rae Bareli

Here are the key points that are associated with the IFSC Code PUNB0196420 of Punjab National Bank for its branch located in Rae Bareli, within the district of Lucknow in the state of Uttar Pradesh.

These details helps users in online banking and for businesses and individuals who use Punjab National Bank in Rae Bareli for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PUNB0196420 for the Mahamadabad Kotwa branch of Punjab National Bank plays a vital role.

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 PUNB0196420 is given to every bank branch, including Punjab National Bank located in Mahamadabad Kotwa, Rae Bareli, Uttar Pradesh, 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 Rae Bareli.
• 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 Rae Bareli and Lucknow.
• 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 Uttar Pradesh and the rest of India, which is why the IFSC Code ensures that transactions meant for Punjab National Bank in Mahamadabad Kotwa doesn't end up at another location.

Format of the IFSC Code PUNB0196420

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 Mahamadabad Kotwa in Rae Bareli.

For example, the IFSC Code PUNB0196420 of Punjab National Bank for the Mahamadabad Kotwa branch includes these elements, identifying the bank and the branch location in Rae Bareli and Uttar Pradesh correctly.

How to Find IFSC Code for Punjab National Bank?

If you are trying to find the IFSC Code PUNB0196420 of Punjab National Bank for its Mahamadabad Kotwa branch located in Rae Bareli, 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 Rae Bareli and Lucknow, 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 Mahamadabad Kotwa or Rae Bareli to get the exact IFSC Code PUNB0196420.

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 Rae Bareli that will provide accurate information.

How to Use IFSC Code PUNB0196420 for Online Transfers?

Once you have the IFSC Code PUNB0196420 for the Mahamadabad Kotwa branch of Punjab National Bank in Rae Bareli, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code PUNB0196420. 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 PUNB0196420.

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 Mahamadabad Kotwa in Rae Bareli, 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 Mahamadabad Kotwa, 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 Rae Bareli manage online transfers as well as cheque clearances with ease.