IFSC code for Punjab National Bank, Baruipur chowdhury bazar, South 24 parganas, West bengal

Updated on: Tuesday, October 1, 2024

IFSC CODE

PUNB0030020

Punjab National Bank

Baruipur Chowdhury Bazar, Baruipur Chowdhury Bazar, West Bengal
Address

Baruipur,24 Parganas(south0

Punjab National Bank

Baruipur Chowdhury Bazar, Baruipur Chowdhury Bazar, West Bengal

Address

Baruipur,24 Parganas(south0

Bank Details

IFSC Code

PUNB0030020

MICR Code

NA

Bank Code

(Based on IFSC)

PUNB

Bank Code

(Based on MICR)

NA

Contact

NA

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IFSC Code of Punjab National Bank

Every Punjab National Bank branch in India has a unique Punjab National Bank IFSC Code. Punjab National Bank IFSC Code enables Punjab National Bank account holders to send and receive money electronically. Punjab National Bank IFSC Code is assigned by RBI (Reserve Bank of India) to each branch as it helps in carrying out RTGS and NEFT transactions smoothly.

Benefits of IFSC Code

  • Unique Identification: IFSC code helps in unique identification of all banks and their respective branches.

  • Smooth Fund Transfer: IFSC code enables convenient and hassle-free transfer of funds from one bank account to another.

  • Monitoring Transactions: IFSC code is used by RBI to keep track of all the bank transactions. It lowers the chances of discrepancy.

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Format of Punjab National Bank IFSC Code PUNB0030020

The IFSC code of all accounts in the same branch of the bank is standard. It is an 11 digit alphanumeric code.

  • The first four letters of the code, i.e., PUNB, denotes the name of the bank which is Punjab National Bank.

  • The fifth character is 0.

  • The last six digits of the code, i.e., 030020, represents the branch which is Punjab National Bank

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MICR Code of Punjab National Bank

Every Punjab National Bank branch in India has a unique Punjab National Bank MICR Code. MICR code for Punjab National Bank  can be found on a cheque leaf and bank passbook. It is a 9 digit code printed on the last line of a cheque leaf. One can also find MICR code on the website of Punjab National Bank. MICR code is used for faster and secure processing of cheques.

Benefits of MICR Code

  • High Level of Security: The use of magnetic ink ensures MICR characters are readable even if a document is obscured by marks.

  • Authentication of Docs: MICR code authenticates the originality and legality of paper based docs. in the banking system.

  • Faster Processing: There is no manual input and hence the processing of MICR information is fast and errors are reduced.

Learn More About IFSC Code!

Frequently Asked Questions