Punjab And Maharashtra Bank IFSC and MICR Code:

State wise list of Punjab And Maharashtra Bank IFSC code, MICR code and addresses of all branches in India

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Punjab and Maharashtra Co-operative Bank (PMC Bank) IFSC Code:

Set up under the patronage of Reserve Bank of India, National Electronic Fund Transfer (NEFT) and Real Time Gross Settlement (RTGS) are online money transfer services introduced to fasten the payment/settlement process. If you are looking at speedy wireless money transfer to another bank account within the country, the safest bet is an electronic fund transfer. Customers and their beneficiaries can have the advantage of receiving or sending money at the earliest. To successfully have your money transferred either to or from your account, you need to know the IFSC code (Indian Financial System Code) of the concerned bank branch.

In India, IFSC is a unique identification code granted to all bank branches that form the NEFT network. RBI introduced the code in an attempt to regulate money transfers across country. An IFSC code helps in identifying the sender’s as well as the recipient’s bank branch in an online transaction.

In an IFSC code, the first 4 characters is an abbreviation of name of the bank, the 5th character is zero (0) by default, left to be used later. The last 6 characters is that particular bank’s branch identification. For instance, the IFSC code of Malviya Nagar branch of Punjab and Maharashtra Bank is PMCB0000605. ‘PMCB’ in this code is Punjab and Maharashtra Co-operative Bank and ‘000605’ is the Malviya Nagar’s branch code.

How to Search for IFSC and MICR Codes of Punjab and Maharashtra Co-operative Bank (PMC Bank)?

There are various ways you can find IFSC and MICR codes for specific branches of PMC Bank. You can visit the branch of PMC Bank where you have your account and enquire all details of the branch including IFSC and MICR codes. The IFSC code of any bank branch can be found printed on the cheque leaf of the cheque book of the bank.

One of the most authentic sites where you can find PMC Bank IFSC codes is Reserve Bank of India’s official website. The banks’ official homepage also has an exclusive tab that will give you the complete list of PMC Bank branches, its IFSC and MICR codes, addresses and phone numbers. Online, you can also find these details on sites like BankBazaar. The website has a tab located on the bottom left corner of the page. The tab ‘Bank IFSC Code’ takes you to a page asking for information of the bank branch like the name, the district and the state. You can select the information either from drop-down menus or choose from a list given below. The page, then automatically displays the answer you are looking for, which is the particular branch’s IFSC, MICR codes, address and phone number.

NEFT/RTGS transfer at Punjab and Maharashtra Co-operative Bank allows its customers to transfer funds online, saving all the hassles of payment settlements in a physical mode of transfer. Using NEFT/RTGS, money can be wired anywhere across the country to any bank account of any branch, seamlessly. Knowing the IFSC code of the recipient bank branch is imperative before an electronic fund transfer.


Punjab and Maharashtra Bank has a secure and authenticated channel through which the bank’s customers can transfer and receive funds. Under RBI’s guidance, these modes enable transfer of low to medium value transactions. RBI uses a DNS (Deferred Net Settlement) basing on which the NEFT transactions are settled hourly every day except Sundays. At PMCB, if you want to send money to another account, you must request for a NEFT transfer within the fixed batch timings. The money is then credited to the beneficiary’s account either on the same day or the next working day.

In a NEFT transaction, you must provide the bank with all the necessary beneficiary details like: name of beneficiary, the bank, the branch; account number, amount to be transferred and the most important-IFSC code of the branch.

Transaction Charges:

If you are at the receiving end of a NEFT transaction, there is no fee needed to be paid to the bank. However, for an outward remittance, the following charges are applicable:


Charge per Transaction(Without Tax)

Upto Rs.10,000


From Rs.10,001 to Rs.1 lakh


From Rs.1 lakh to Rs.2 lakh


Higher than Rs.2 lakh



Payments made through RTGS are final and cannot be reversed as they are done under RBI’s supervision. Real Time Gross Settlement are referred to transfers that are processed ‘real-time’, i.e. transfer of funds as soon as the instruction is received. These transfers are not completed in batches and are completed individually. Having an account at Punjab and Maharashtra Bank enables you to transfer money within hours to any beneficiary, anywhere within India. Individuals/companies who deal with transfers involving Rs.1 lakh or more, opt for this mode of settlement. Even for an RTGS transaction, the sender need to provide all beneficiary details, the most important being IFSC code of the beneficiary bank’s branch.

An RTGS transfer at PMC Bank requires its customers to pay the following charges for outward remittances:


Charges (Without Tax)

Rs.1 lakh to Rs.2 lakh


Rs.2 lakh to Rs.5 lakh


Higher than Rs.5 lakh


Punjab and Maharashtra Co-operative Bank was started in 1984 with a single branch. The youngest bank to be granted the ‘Schedule Bank’ status, PMC Bank grew into a 111 branch network over a span of 31 years. The multi-state scheduled urban bank has many unique features and is currently one of country’s leading co-operative banks.

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