The Punjab National Bank is one of the oldest banks in the history of India. It was originated in the year 1895, even before India gained its independence. Known for its excellent management and business acumen, the bank witnessed slow but steady growth for many decades. Today it is one of the best nationalized banks in India which serves more than a million customers in India and abroad.
The bank has a huge network of branches all across the rural and urban sector of the country. The core banking policy adopted by the bank has led to the substantial growth and development of Punjab National Bank. With a wide number of bank branches in the country, the bank uses IFSC and MICR codes for automation purposes.
PNB IFSC Code
The Punjab National Bank IFSC codes simplify the process of banking as it showcases all the relevant details pertaining to the bank branches. These codes enable the banks to locate the branches during the process of monetary transactions. There are different unique codes for specific branches.
It is quite easy to locate the Indian Financial System Code or the IFSC on related websites. These codes are quite prominently used in all modern banking techniques as it ensures safe banking in a limited amount of time. The code is basically used as a branch locator as there are more than 6000 branches all over the country. The bank prides in extending its services to the rural areas of the country.
Majority of the online transactions can be completed only with the correct and precise information related to banking domain. IFSC codes are extremely essential during NEFT and other online transaction processes.
The Reserve Bank of India has also issued MICR code or the Magnetic Ink Character Recognition code to all banks in India, including the Punjab National Bank. The MICR code is also essential for payment and transactions as it simplifies the banking procedures. The MICR codes are basically used for automation purposes. It is a nine digit numeric code that interprets the location, city and the bank branch. The banks can easily trace the branch and its location with the use of the three last digits on the code. For Example: For Delhi Saket Branch IFSC code is PUNB0486700.
These codes are highly essential to simplify payment and monetary transactions. It also reduces the regular hassles involved in monetary transactions. The MICR codes are printed on the bottom of the cheques issued by the bank. There are specific codes for each and every bank branch in the country.
Both IFSC and MICR codes are indispensable for quick and secure banking procedures. It is quite easy to procure these codes from websites and the banks. As these codes contain relevant information required for banking procedures, it is considered to be quite pertinent in the modern day scenario.
The bank has a huge network of branches all across the rural and urban sector of the country. The core banking policy adopted by the bank has led to the substantial growth and development of Punjab National Bank. With a wide number of bank branches in the country, the bank uses IFSC and MICR codes for automation purposes.
PNB IFSC Code
The Punjab National Bank IFSC codes simplify the process of banking as it showcases all the relevant details pertaining to the bank branches. These codes enable the banks to locate the branches during the process of monetary transactions. There are different unique codes for specific branches.
- The IFSC code is an eleven digit alpha numeric code which is issued by the Reserve Bank of India.
- These codes are quite essential during NEFT, RTG and CFMS transactions.
- The IFSC codes are often required during the process of payment transactions.
It is quite easy to locate the Indian Financial System Code or the IFSC on related websites. These codes are quite prominently used in all modern banking techniques as it ensures safe banking in a limited amount of time. The code is basically used as a branch locator as there are more than 6000 branches all over the country. The bank prides in extending its services to the rural areas of the country.
Majority of the online transactions can be completed only with the correct and precise information related to banking domain. IFSC codes are extremely essential during NEFT and other online transaction processes.
The Reserve Bank of India has also issued MICR code or the Magnetic Ink Character Recognition code to all banks in India, including the Punjab National Bank. The MICR code is also essential for payment and transactions as it simplifies the banking procedures. The MICR codes are basically used for automation purposes. It is a nine digit numeric code that interprets the location, city and the bank branch. The banks can easily trace the branch and its location with the use of the three last digits on the code. For Example: For Delhi Saket Branch IFSC code is PUNB0486700.
These codes are highly essential to simplify payment and monetary transactions. It also reduces the regular hassles involved in monetary transactions. The MICR codes are printed on the bottom of the cheques issued by the bank. There are specific codes for each and every bank branch in the country.
Both IFSC and MICR codes are indispensable for quick and secure banking procedures. It is quite easy to procure these codes from websites and the banks. As these codes contain relevant information required for banking procedures, it is considered to be quite pertinent in the modern day scenario.