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 Hatwa Bazar, Distt. Basti (Up) branch in Up, Basti, Uttar Pradesh, 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 Up or anywhere in Uttar Pradesh can transfer funds instantly by using the correct IFSC Code PUNB0161200. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Punjab National Bank, Hatwa Bazar, Distt. Basti (Up), Up
Below in the table are the key details related to IFSC Code PUNB0161200 of Punjab National Bank for its branch located in Up, within the district of Basti in the state of Uttar Pradesh.
| Particulars | Details |
|---|---|
| Bank | Punjab National Bank |
| IFSC Code | PUNB0161200 |
| Branch | Hatwa Bazar, Distt. Basti (Up) |
| City | Up |
| District | Basti |
| State | Uttar Pradesh |
| Address | Hatwa Bazar, Distt. Basti |
These details are important not only for users using online banking but also for businesses and individuals who use Punjab National Bank in Up for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code PUNB0161200 for the Hatwa Bazar, Distt. Basti (Up) 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 that is provided by the Reserve Bank of India. A unique IFSC like PUNB0161200 is given to every bank branch, including Punjab National Bank located in Hatwa Bazar, Distt. Basti (Up), Up, 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 Up.
- 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 Up and Basti.
- 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 Hatwa Bazar, Distt. Basti (Up) doesn't end up at another location.
Format of the IFSC Code PUNB0161200
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 Hatwa Bazar, Distt. Basti (Up) in Up.
For example, the IFSC Code PUNB0161200 of Punjab National Bank for the Hatwa Bazar, Distt. Basti (Up) branch includes these elements, identifying the bank and the branch location in Up and Uttar Pradesh correctly.
How to Find IFSC Code for Punjab National Bank?
If you are trying to find the IFSC Code PUNB0161200 of Punjab National Bank for its Hatwa Bazar, Distt. Basti (Up) branch located in Up, 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
Most banks, including Punjab National Bank branches in Up and Basti, print the IFSC and MICR codes 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 Hatwa Bazar, Distt. Basti (Up) or Up to get the exact IFSC Code PUNB0161200.
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 Up, you'll get the correct details.
How to Use IFSC Code PUNB0161200 for Online Transfers?
Once you have the IFSC Code PUNB0161200 for the Hatwa Bazar, Distt. Basti (Up) branch of Punjab National Bank in Up, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code PUNB0161200. 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 PUNB0161200.
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 Hatwa Bazar, Distt. Basti (Up) in Up, your payment can get delayed or might not go through at all.
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 Hatwa Bazar, Distt. Basti (Up), here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Up to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is PUNB0161200.
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 Hatwa Bazar, Distt. Basti located in Up, Basti, Uttar Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.