Punjab National Bank IFSC Code & MICR Code

PNB IFSC Code - Format

The IFSC code is a must for all fund transfers. If the 11-digit code is not provided, The Punjab National Bank will not authorise any transactions. It needs to be mentioned that the Reserve Bank of India (RBI) is responsible for assigning IFSC codes for all banks across the country. 

Here, we have listed a couple of branches of Punjab National Bank located in Bangalore (Urban) along with their IFSC and MICR codes:

Punjab National Bank Magnetic Ink Character Recognition (MICR) code is a distinct set of nine numbers used for electronic funds transfer. This number helps in streamlining cheque processing through automation. The MICR code is unique to a specific bank branch, ensuring rapid and precise recognition for the sorting and clearing of cheques. These codes are created with magnetic ink and are designed to be read by machines, allowing for quick processing using the high-speed MICR scanners. 

Format of PNB MICR code: 

The format of PNB MICR code is as listed below: 

How to Search for Punjab National Bank (PNB) IFSC & MICR Codes

The IFSC code of Punjab National Bank can be found on the cheque leaf issued by the bank. The information can be obtained from the bank website or through other third-party financial website. The BankBazaar website also provides information about the IFSC and MICR codes for Punjab National Bank.

To find the IFSC code of PNB branches on the BankBazaar main page, the individual needs to first go to the bottom of the page. There the individual will find the link titled 'Bank IFSC Code'. On clicking the link, the individual is redirected to another page which shows four drop down menus. There, the name of the bank, the state, district, and the particular branch whose IFSC code you're looking for needs to be entered. Once the options are provided, the website will display not only the IFSC code for the particular branch but also the MICR code, address and contact number for the branch.

How to Transfer Funds using PNB NEFT, RTGS and IMPS

PNB gives customers the option to transfer funds using NEFT, RTGS or IMPS. Funds can be transferred from a safe and secure interface without any hassle at the click of a button using any of these methods through electronic funds transfer.

Understanding NEFT Transfers with PNB IFSC Codes

PNB's National Electronic Funds Transfer is an electronic fund transfer facility which allows customers to send money conveniently using their internet banking account. NEFT transactions done at the branch do not have any maximum transaction limit. With NEFT, fund transfers are settled in a batch wise format and this facility cannot be availed during non-working hours of the bank.

How to Use RTGS Transfers Using PNB IFSC Codes

RTGS or Real Time Gross Settlement is one of the other methods of money transfer. Here, the money is credited to the beneficiary/payee account in real time basis. Generally, RTGS transactions are faster and the settlement time is very less. This is comparatively faster than NEFT and gives customers some amount of flexibility as far as things are concerned. In most cases, there are no transaction limits.

How to Use IMPS for Instant Transfers with PNB IFSC Codes

IMPS is one among the fastest money transfer methods in India. The service is offered to all PNB customers. Customers can both send or receive funds at any time of the day and from anywhere on a 24/7 basis and on all 365 days in a year, on all weekdays, weekends and bank holidays as well. As far as IMPS transfers are concerned, the money gets credited to the receiver's account within minutes.

PNB NEFT, RTGS, and IMPS: Fees & Charges Explained

Note: GST will be applicable on the charges mentioned above.

Overview of Punjab National Bank (PNB) and Its IFSC Code System

Punjab National Bank - a 119 year old nationalised bank with more than 6,082 branches around the nation and 5 overseas branches provides vast banking solutions. A very trusted name when it comes to banking, Punjab National Bank puts its 120-year old expertise in creating innovative and unique financial products to cater to the needs of Indians. PNB offers services in areas including accounts, deposits, loans and financial services including money transfer to meet the banking and financial requirements of individuals, corporates, agriculturists and SMEs.

PNB Money transfer facilities are safe, secure and are catered to make the whole transaction hassle-free. With the e-banking services offered by PNB, customers will have no difficulty and transfer fund in an instant without any hassles. PNB customers can carry out fund transfers via NEFT, RTGS and IMPS by mentioning the IFSC code of the beneficiary bank.