IFSC Code of Punjab National Bank, Raigad - New Panvel, Mumbai, Maharashtra — PUNB0120210

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 Raigad - New Panvel branch in Raigarh, Mumbai, Maharashtra, 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 Raigarh or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code PUNB0120210. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Punjab National Bank, Raigad - New Panvel, Raigarh

Here are the key points that are associated with the IFSC Code PUNB0120210 of Punjab National Bank for its branch located in Raigarh, within the district of Mumbai in the state of Maharashtra.

These details are essential not only for online banking users but also for businesses and individuals who use Punjab National Bank in Raigarh for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PUNB0120210 for the Raigad - New Panvel 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 Raigad - New Panvel, Raigarh, Maharashtra, are given a unique IFSC like PUNB0120210 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Raigarh.
• 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 Raigarh and Mumbai.
• 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 Raigad - New Panvel goes to the correct branch. This is important because Punjab National Bank has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code PUNB0120210

The format of the IFSC Code for banks, including Punjab National Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

• First 4 characters (AAAA): Represent the bank code. For Punjab National Bank, these characters are the bank's short identifier.
• 5th character (0): Always zero which is reserved for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Raigad - New Panvel in Raigarh.

For example, the IFSC Code PUNB0120210 of Punjab National Bank for the Raigad - New Panvel branch includes these elements, identifying the bank and the branch location in Raigarh and Maharashtra accurately.

How to Find IFSC Code for Punjab National Bank?

If you are trying to find the IFSC Code PUNB0120210 of Punjab National Bank for its Raigad - New Panvel branch located in Raigarh, the following methods can help:

Cheque Book

The cheque book issued by Punjab National Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

You can easily find the IFSC and MICR codes because most banks, including Punjab National Bank branches in Raigarh and Mumbai, print them on the first page of your passbook.

Bank Website

Visit the official website of Punjab National Bank and navigate to the branch locator section. Search for Raigad - New Panvel or Raigarh to get the exact IFSC Code PUNB0120210.

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 keeps an updated list of all IFSC codes. If you search for Punjab National Bank and Raigarh, you'll get the correct details.

How to Use IFSC Code PUNB0120210 for Online Transfers?

Once you have the IFSC Code PUNB0120210 for the Raigad - New Panvel branch of Punjab National Bank in Raigarh, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code PUNB0120210. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 PUNB0120210.

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 Raigad - New Panvel in Raigarh, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Punjab National Bank in Raigad - New Panvel, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Raigarh manage their online transfers and cheque clearances easily.