State wise list of Punjab National Bank IFSC code, MICR code and addresses of all branches in India
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To transfer money from one account to another, fund transfer methods like NEFT, RTGS and MICR are used. National Electronic Fund Transfer (NEFT), Real Time Gross Settlement (RTGS) and Magnetic Ink Character Recognition (MICR) are money transfer methods that are fast, secure, reliable and efficient. These transactions require exclusive IFSC codes that are unique to every individual branch of a bank. Indian Financial System Code (IFSC) is a significant code that plays a vital role in online transactions including sending and receiving money. Punjab National Bank IFSC code starts with PUNB0******, where PUNB represents the bank name, then a zero followed by the branch code. The last six characters are the branch codes which are unique for all branches. Hence, PNB IFSC codes are different.
BankBazaar provides all the banking information under one roof. Go to the website and click “Resources" and from the drop down menu on your right, select “Bank IFSC Code" which displays all the available banks. Then select the desired branch to view the required details. To get any Punjab National Bank IFSC code, select “Punjab National Bank", the state, and then opt for the desired branch. This, in turn, will display all the details of the bank, address, contact number, IFSC code and the branch code. Also, to find PNB MICR codes, select bank, state, district and branch to get the MICR code for PNB.
Once this code is obtained, the online transaction just takes a few minutes and the money transfer is done within hours. BankBazaar assists in every step by providing the required information for a hassle free money transfer. Alternatively, you can use the search tab to find PNB IFSC Code, PNB MICR Code or get contact details.
Domestic and International Money Transfer via Punjab National BankMoney transfers form an important part of today’s interconnected global economy. Punjab National Bank offers convenient, affordable money transfer options that enables customers to reliably send and receive money around the globe. Customers can easily remit money to India through various dependable modes of remittance. Read on to find more about how to make domestic and international money transfers via Punjab National Bank.
Domestic Money Transfer via PNB:Customers can choose any of the following modes to remit money to India.
Remitting Money to India through SWIFT Transfers:Customers can transfer money from abroad through PNB Nostro accounts by contacting their banker with the following details.
To transfer money within India, customers can use NEFT or RTGS and carry out a transaction by mentioning the IFSC code. When it comes to foreign inward remittance to beneficiaries in India, PNB Money Transfer Service Schemes enable instant payment. Some of the salient features of this scheme are as follows.
PNB has also tied up with the following companies to facilitate remittances.
Exchange Houses
NRIs can remit money to India using Speed Remittance Facility and Draft Drawing, Exchange houses have been set up in all major countries for all currency types. Do enquire with Punjab National Bank for the Exchange House pertaining to your country/currency.
Through PNB International Branches
PNB customers and others individuals can remit money to India through Punjab National Bank branches abroad. The following details has to be presented - beneficiary's name and bank, account number of beneficiary and IFSC code of the bank.
Through Banks
Individuals in India wishing to remit money to India can do so by contacting either Rajhi Bank or Arab National Bank.
For instant remittances, customers can make use of PNB’s speed remittance services. To cater to the need of corporate and retail customers, PNB has come up with faster, unique and secure mode of inter-bank fund transfer via NEFT. Customers can perform an instant NEFT transfer by mentioning the PNB IFSC code. Given below are some of the features of NEFT transactions.
Refer the table below for service charges on NEFT facility.
| Amount | Service Charges |
| Up to Rs.1 lakh | Free |
| Above Rs.1 lakh and up to Rs.2 lakhs | Rs.16.50 per transaction |
| Exceeding Rs.2 lakhs | Rs.27.50 per transaction |
There is no inward charges. In case of cash handling, extra charges at the rate of 30% extra of normal charges would be levied.
International Money Transfer Service Schemes by PNB:Described below are some of the Money Transfer Service Schemes by Punjab National Bank.
Xpress Money:
To enable remittances from all over the globe, especially from the Gulf. PNB has set up Xpress Money in partnership with UAE Exchange Financial Services Limited. Beneficiaries can receive cash for remittances up to Rs.50, 000 from any PNB branch in India. Xpress Money is a secure, swift and convenient option to remit money to India. Not more than 30 transactions can be made by a single beneficiary. Also, only personal remittances and remittances favouring tourists visiting India are permitted by Xpress Money.
TransFast:
PNB has partnered with Global Money Transfer Private Limited to facilitate remittances up to USD 2500 and has come up with TransFast. Through this facility, beneficiaries can receive up to Rs.50, 000 from any PNB Bank in India. In exceptional circumstances, additional funds can be remitted. Only 30 remittances are allowed per recipient in a calendar year.
MoneyGram:
PNB, in association with Thomas Cook India Pvt Ltd and UAE Exchange Financial Services has come up with MoneyGram which is a fast and secure way to remit money to PNB.
An individual can remit any amount not exceeding USD 2500 and only 30 transactions are allowed in a calendar year. Payments exceeding Rs.50, 000 is to be paid by PO, DD or cheque directly to the account of recipient.
Western Union:
PNB has strategic tie-up with Western Union along with Weizmann Forex Ltd. Western Union is a secure, quick and hassle-free way to remit money to Punjab National Bank. Beneficiaries can receive any amount up to Rs.50, 000 from any PNB branch. Only remittances favouring foreign tourists visiting India and remittances for personal use is permissible via Western Union. A recipient or beneficiary can make up to 30 remittances in a calendar year.
Xoom.com:
To enable remittances from the USA, Punjab National Bank has partnered with Buyindiaonline.com Inc USA which is a wholly owned subsidiary of Xoom. This facility is also available for account credit excluding FCNR and NRE with PNB and other banks through NEFT by mentioning the IFSC code. Remittance towards property purchase, credit to NRE/FCNR accounts, donations to charitable trusts and trade related remittances are not allowed. Any beneficiary can make up to 30 transactions in a year.
EZRemit:
Punjab National Bank has partnered with BFC Forex and Financial Services Ltd Ltd to facilitate remittances from all round the globe. A fast and safe way to remit funds to PNB, customers can collect cash remittances up to Rs.50, 000 from any PNB branch. An individual can make up to 30 remittances in a calendar year.
Punjab National Bank – a 119 year old nationalised bank with more than 6082 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.
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Punjab National Bank, on its 123rd Foundation Day, released three new products which include automated toll connection to aid hassle-free toll connection / payment, a scheme for funding a grid connected Roof Solar Power Project, and a credit card mobile application. The CEO and Managing Director of the bank, Usha Ananthasubramanian, announced the release of these products at an event in New Delhi few days ago.
17th April 2017
The public sector lender, Punjab National Bank has raised Rs.250 crore by issuing Basel III compliant perpetual debt instruments in the form of debentures. The debentures issues are unsecured, subordinated, fully paid-up, non-convertible, Basel III compliant, perpetual debt instruments, for the inclusion of additional tier-I capital to the face value of Rs.10 lakh per bond at a coupon rate of 9.21% per annum. On December 31st, 2016 PNB’s gross non-performing assets stood at Rs.55,627.51 crore.
29th March 2017
PNB (Punjab National Bank) is presently trading at Rs.130.60, marking an increase of 0.15% or 0.20 points from the previous closing of Rs.130.40 on the Bombay Stock Exchange. Having opened at Rs.130.85, the scrip touched a low and high of Rs.129.15 and Rs.130.90 respectively. As of now, the counter experienced a trade volume of 4,54,000 shares. The Bombay Stock Exchange group ‘A’ stock of face value Rs.2 had increased and hit a 52-week high of Rs.164.30 on the 11th of November last year, and a 52-week low of Rs.69.40 on the 17th of February last year.
30th January 2017
India Post Payments Bank and Punjab National Bank have signed a Memorandum of Understanding (MoU) wherein Punjab National Bank will provide a technology platform for the pilot launch of India Post Payments Bank on receipt of a regulatory nod from the Reserve Bank of India.
India Post Payments Bank has been brought under the Department of Posts with 100% government equity.
18th January 2017
Punjab National Bank, state-owned bank has reduced their interest rates for fixed deposits on various products by up to 0.3%. It has cut rates for domestic term deposits plans by 0.05% to to 0.3% for some maturities, based on a statement made by the bank. These interest will be applicable from October 5, of this year. They also reduced their marginal cost of funds only a week ago based lending rates by 0.5 percent across all products. The overnight tenor will be taken as 9.05%, for 3-months 9.2% will be calculated while for a year term 9.3% will be calculated. For the 3 year tenor 9.45% and the MCLR is fixed at 9.6% for 5 years.
10th October 2016
Punjab National Bank (PNB), Jammu launched a Tab Banking facility for opening new accounts for their. This Tab is intended provide people with the convenience and effortless way of opening accounts at the bank. The Tab facility allows customers to get their accounts opened at their doorstep, A designated Tab banking officer would visit the customer at their residence or workplace, take a photograph, then and there and scan the required documents for the same. Though is already in practice in a lot of metropolitan cities, it is a new facility that is being offered in the state and by the bank in Jammu.
Other initiatives by the bank to enhance their consumer experience include the introduction of Mudra scheme and hassle-free loans to young entrepreneurs with a vision.
20th September 2016
On the occasion of its 122nd Foundation Day, Punjab National Bank announced the inauguration of a new branch at Saligramam. The new branch will be an all exclusive women branch. Apart from this, the opening of new ATMs at six more locations, namely Avadi, Puducherry, Chengelpet, Ambur, Saligramam and NSC Bose Road were also announced. The bank inaugurated a RAPC (Retail Asset Processing Centre) at Royalpettah High Road.
Some other events were also organized on the occasion such as a walkathon from Gandhi Statue to Ice House, which saw a participation of over 200 people, blood donation camps with close to 60 people donating blood and a medical check-up was also set up at PNB Towers.
27th April 2016
Punjab National Bank (PNB) has introduced a host of digital banking initiatives and solutions to further enhance banking experience for users. The digital solutions unveiled by PNB’s CEO and MD, Ms. Usha Ananthasubramanian, consist of an industry first App allowing the user to find PNB ATM using 'PNB ATM Assist'. The Android supported app enables the user to make use of the GPS and find the closest ATM of the bank. They also released another android supported application, 'PNB MOBIEASE' to aid them commence basic banking. The next app was made to maximize the electronic money transactional security. In spite of this being remittance using the unique account number and IFSC Code of a specific branch, there are risks of interception. It is called ‘PNB sleep easy’, an SMS based app to block and unblock your net banking account and mobile banking account. Other initiatives entail a GREEN PIN feature to get a duplicate PIN for your debit card immediately via SMS and a facility to open an Online Saving Fund account. Yes, PNB intends to own 2016.
8th March 2016
The margin of reconstructing assets was never a priority for the past six years as per India’s second largest public sector lender. But in a frank discussion with the CEO and MD of the bank, Mr. Prashant Mukherjee, MD & CEO of Punjab National Bank and Ms. Usha Ananthasubramanian, it is revealed that the previous four months have been belligerently emphasizing on cleaning up the books via the route of non-performing assets. Furthermore, PNB don’t see much chance of any more rate cut by RBI in the present financial year. As of now, the bank don’t have quite an aggressive economy so the growth pace is a tad slow. But until September, there was a credit growth of 6.7 percent. In the current fiscal, growth is happening in certain commercial sectors such as chemicals and pharma. But the bank strongly anticipates a credit growth of 10 to 12 percent by the end of this financial year.
15th December 2015
As part of PNB Rajasthan’s new initiative, women borrowers can now avail concessional rates for vehicle loans. This special scheme, which will go on till Dec 31, is open to all women who are existing home loan customers of Punjab National Bank. Under this scheme, applicants can avail a reduced interest rate of 10% on vehicle loans, which is a 1.5% drop from the existing rate of 11.50%. Also, processing fees and documentation charges have been waived which add to the benefits offered under this scheme.
PNB is one of the leading financial institutions in India which offers a host of well-appointed products and services to customers which include loans, deposit accounts, investments, cards, money transfer via IFSC, among many other services.
30th November 2015
