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 Bhoipali branch in Sundargarh, Sundargarh, or Odisha, 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 Sundargarh or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code PUNB0599100. 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, Bhoipali, Sundargarh
Below in the table are the key details related to IFSC Code PUNB0599100 of Punjab National Bank for its branch located in Sundargarh, within the district of Sundargarh in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Punjab National Bank |
| IFSC Code | PUNB0599100 |
| Branch | Bhoipali |
| City | Sundargarh |
| District | Sundargarh |
| State | Odisha |
| Address | At & Po-Bhoipali, Dist-Sundergarh Or Bhoip 770016 |
These details helps users in online banking and for businesses and individuals who use Punjab National Bank in Sundargarh for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PUNB0599100 for the Bhoipali 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 provided by the Reserve Bank of India. Every bank branch, along with Punjab National Bank located in Bhoipali, Sundargarh, Odisha, are given a unique IFSC like PUNB0599100 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Sundargarh.
- 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 Sundargarh and Sundargarh.
- 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 Bhoipali 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 PUNB0599100
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 Bhoipali in Sundargarh.
For example, the IFSC Code PUNB0599100 of Punjab National Bank for the Bhoipali branch includes these elements, identifying the bank and the branch location in Sundargarh and Odisha correctly.
How to Find IFSC Code for Punjab National Bank?
To find the IFSC Code PUNB0599100 of Punjab National Bank for its Bhoipali branch located in Sundargarh, 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 Sundargarh and Sundargarh, 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 Bhoipali or Sundargarh to find the exact IFSC Code PUNB0599100.
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 Sundargarh will provide accurate information.
How to Use IFSC Code PUNB0599100 for Online Transfers?
Once you have the IFSC Code PUNB0599100 for the Bhoipali branch of Punjab National Bank in Sundargarh, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PUNB0599100. Transfers are processed in batches. This is 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. Requires the recipient's account details and Punjab National Bank IFSC Code PUNB0599100.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Punjab National Bank Bhoipali in Sundargarh 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 Bhoipali, 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 Sundargarh manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Bhoipali Sundargarh branch is PUNB0599100.
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 At & Po-Bhoipali, Dist-Sundergarh Or Bhoip 770016.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.