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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Punjab National Bank for its Catholic Diocese Of Sambalpur branch in Sambalpur, Sambalpur, Odisha, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Punjab National Bank located in Sambalpur or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code PUNB0141920. 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, Catholic Diocese Of Sambalpur, Sambalpur
Here are some of the key details that come with the IFSC Code PUNB0141920 of Punjab National Bank for its branch located in Sambalpur, within the district of Sambalpur in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Punjab National Bank |
| IFSC Code | PUNB0141920 |
| Branch | Catholic Diocese Of Sambalpur |
| City | Sambalpur |
| District | Sambalpur |
| State | Odisha |
| Address | Bishops House Complxpo Budharaja Spur |
These details are important not only for users using online banking but also for businesses and individuals who use Punjab National Bank in Sambalpur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code PUNB0141920 for the Catholic Diocese Of Sambalpur 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 provided by the Reserve Bank of India. Every bank branch, along with Punjab National Bank located in Catholic Diocese Of Sambalpur, Sambalpur, Odisha, are given a unique IFSC like PUNB0141920 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Sambalpur.
- 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 Sambalpur and Sambalpur.
- 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 Catholic Diocese Of Sambalpur goes to the correct branch. This is important because Punjab National Bank has thousands of branches in Odisha and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code PUNB0141920
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): These represent the bank code. In Punjab National Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Catholic Diocese Of Sambalpur in Sambalpur.
For example, the IFSC Code PUNB0141920 of Punjab National Bank for the Catholic Diocese Of Sambalpur branch has these elements, identifying the bank and the branch location in Sambalpur and Odisha correctly.
How to Find IFSC Code for Punjab National Bank?
To find the IFSC Code PUNB0141920 of Punjab National Bank for its Catholic Diocese Of Sambalpur branch located in Sambalpur, the following methods can help you out:
Cheque Book
The cheque book issued by Punjab National Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Punjab National Bank branches in Sambalpur and Sambalpur, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Punjab National Bank and go to the branch locator section. Then search for Catholic Diocese Of Sambalpur or Sambalpur to find the exact IFSC Code PUNB0141920.
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 maintains an updated database of all IFSC codes. Searching for Punjab National Bank and Sambalpur will provide accurate information.
How to Use IFSC Code PUNB0141920 for Online Transfers?
Once you have the IFSC Code PUNB0141920 for the Catholic Diocese Of Sambalpur branch of Punjab National Bank in Sambalpur, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PUNB0141920. 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 PUNB0141920.
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 Catholic Diocese Of Sambalpur in Sambalpur, it can 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 Catholic Diocese Of Sambalpur, 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 Sambalpur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is PUNB0141920.
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 Bishops House Complxpo Budharaja Spur located in Sambalpur, Sambalpur, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.