A bank’s IFSC code is an alphanumeric ID that specifically recognises a bank branch participating in the two main electronic payment systems in India: the Real Time Gross Settlement (RTGS) and the National Electronic Funds Transfer (NEFT). Punjab National Bank is one of the largest banks in India, with over 80 million customers. In this blog post, we will show you how to find out the Punjab National Bank IFSC Code so that you can make payments through RTGS or NEFT.
What is Punjab National Bank IFSC Code?
An IFSC code is an 11-digit code that identifies a bank branch for online money transfers. The first four letters of the IFSC code indicate the bank name, and the last six numbers indicate the bank branch. Punjab National Bank’s IFSC code is PUNB0XXXXXX, where XXXX is the unique code for a specific bank branch.
Information Required for Transferring Funds TO the Punjab National Bank Account
You will need the recipient’s name, account number, and IFSC code to transfer funds to a Punjab National Bank account. The IFSC code is a unique 11-digit code that identifies the bank and branch where the account is held. You can find the IFSC code on the Punjab National Bank website or on your bank statement.
Information Required for Transferring Funds From the Punjab National Bank Account
To transfer funds from your Punjab bank account, you will need the following information:
- Your Punjab bank account number
- The IFSC code of the Punjab National Bank branch that you hold your account with
- The beneficiary’s name
- The beneficiary’s account number
- The IFSC code of the beneficiary’s bank
Once you have this information, you can initiate a fund transfer using NEFT, RTGS, or IMPS.
How to Find Punjab National Bank IFSC and MICR Code?
You can find the Punjab National Bank IFSC and MICR Code on the cheque book released by the bank. The code is also printed on the first page of the passbook. If you do not have a chequebook or a passbook, you can find the code by logging into your net banking account. Once you log in, click on the ‘Account Statement’ tab and select ‘View Account Statement’. On the next page, select the account for which you want to view the statement and choose the period for which you want to generate the statement. Click on ‘Generate’, and it will display your account statement on the screen. The bottom statement will mention the IFSC and MICR codes.
Transferring Money using PNB NEFT, RTGS, and IMPS Service
The Punjab National Bank (PNB) provides three main ways to transfer money using the PNB NEFT, RTGS, and IMPS service. To use any of these services, you will need to have the following information:
- The name of the bank
- The IFSC code of the bank
- The account number of the recipient
Once you have this information, you can follow the steps below to make a money transfer using PNB NEFT, RTGS, or IMPS:
1. Log in to your PNB internet banking account.
2. Select the ‘Funds Transfer’ option from the menu.
3. Choose the type of transfer you wish to make – NEFT, RTGS, or IMPS.
4. Enter the necessary details, including the recipient’s IFSC code and account number.
5. Enter the amount you wish to transfer and select ‘Submit’.
6. You must enter your authentication details, such as an OTP or password, to complete the transaction.
About Punjab National Bank
PNB is a government-owned corporation with more than 80,000 employees and over 6,900 branches across 764 districts of India as of March 31, 2019. PNB has a customer base of over 120 million. The bank was founded in 1894 and had its registered office in Chandigarh.
PNB provides a range of banking products and services, including deposits, loans, credit cards, remittances, foreign exchange services, investment banking, and life insurance. The bank also offers internet banking services to its customers.
The IFSC code of Punjab National Bank is PUNB0XXXXXX, where the first four letters indicate the bank’s name, the fifth digit is 0 (zero), reserved for future use and the last six digits indicate the branch identifier.
Conclusion
You can use Punjab national bank IFSC Code to transfer funds online using NEFT, RTGS, or IMPS. To do so, you’ll need to provide the recipient’s account number, IFSC code, and other relevant details.
If you want to find out the IFSC code of a particular Punjab National Bank branch, you can visit the bank’s website or contact customer care for assistance.