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          • IFSC Code Finder
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          • Banks In India
          You will need an 11-digit IFSC Code for doing any online transfer of money using net banking services such as IMPS, RTGS, and NEFT system of your PUNJAB NATIONAL BANK. IFSC Code is an Indian Financial System Code having numeric or alphanumeric value. The easiest way to find the IFSC Code of your PUNJAB NATIONAL BANK is to check it on the chequebook or chequebook leaves provided by the bank. In case you do not have immediate access to your PUNJAB NATIONAL BANK chequebook, you can check the same below.
          IFSC is short for Indian Financial System Code and represents the 11 digit character that you can usually see on your bank’s cheque leaves.

          What is IFSC Code?

          Indian Financial System Code, most termed as IFSC, is an 11-digit alphanumeric character that is used to transfer money online using digital services such as NEFT (National Electronic Funds Transfer), IMPS (Immediate Payment Service) or RTGS (Real Time Gross Settlement). The first portion of the eleven-character IFSC code is composed of four letters representing the bank, the next character (fifth) is zero reserved for future use, and the last 6 characters are the identification code of the branch. IFSC can be found on the chequebook provided by the banks or on the front page of the bank account holder's passbook.

          In case you are using netbanking to transfer money, it is mandatory for the IFSC to be entered to initiate the transfer. Unless there is merger, banks do not modify or change the IFSC code.

          Features of IFSC Code

          • Online money transfer using IFSC,NEFT,IMPS,SMS
          • Helps uniquely identify a specific bank branch
          • Helps eliminate the errors in the funds transfer process
          • It remains unique across country
          FAQ'S ON IFSC
          1. What is an IFSC?
            Indian Financial System Code, commonly known as IFSC is a unique eleven-digit number which is used to transfer funds online for NEFT, IMPS and RTGS transactions. IFSC is a combination of alphabets and numerals and can be found on the chequebook provided by the bank. The same can also be located on the front page of the bank accountholder’s passbook. Each bank branch has a unique IFSC which is assigned by the Reserve Bank of India (RBI). Without a valid IFSC, users can't initiate internet banking or fund transfer using NEFT, IMPS and RTGS.
          2. How does IFSC work?
            The main use of IFSC is in electronic funds transfers. The alpha-numeric IFSC exclusively recognises each bank branch which participates in the National Electronic Funds Transfer (NEFT) and Real-Time Gross Settlement (RTGS). The first portion of the eleven-character IFSC code is composed of four letters representing the bank, the next character is zero that is reserved for future use, and the last 6 characters are the identification code of the branch.
          3. How to locate IFSC on a bank cheque?
            Indian Financial System Code (IFSC) is an 11-digit alphanumeric code on the front page of the chequebook provided by the bank and also on top of a cheque leaf near the bank account number. The same can also be located on the front page of the bank account holder’s passbook. IFSC is used while making the online fund transfer via NEFT (National Electronic Funds Transfer), IMPS (Immediate Payment Service) or RTGS (Real Time Gross Settlement). The starting 4 digits of the IFSC signify the bank’s name, followed by zero and the last 6 digits stand for the branch of a bank.
          4. What is a MICR Code?
            Magnetic Ink Character Recognition Code, commonly called MICR code, is a 9-digit code that identifies the bank branches that are taking part in an (Electronic Clearing System). The primary function of the MICR Code is to authenticate the legality and credibility of paper-based document(s) in the banking database. MICR code is used by banks to verify cheques for clearance and other bank documents. A MICR code includes details such as the bank code, account details, amount, and cheque number, alongside a control indicator.
          5. How to locate MICR Code on a Bank Cheque?
            The 9-digit Magnetic Ink Character Recognition (MICR) Code can be located at the bottom of a cheque leaf, printed adjacent to the cheque number (on the righthand side). It includes details such as the bank code, account details, amount, and cheque number, alongside a control indicator. The first 3 digits of the MICR code signify the city, the next 3 digits stand for the bank and the last 3 digits represent the code of the branch.

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