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State wise list of Punjab National Bank IFSC code, MICR code and addresses of all branches in India
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It is used for all electronic fund transfer processes using NEFT, IMPS and RTGS. Expanded as Indian Financial System Code, IFSC is an 11-digit alphanumeric code that is mandatory to send funds from one bank account to another. Every PNB bank branch has a unique IFSC code and no two PNB branches will have the same IFSC code. For example, the PNB IFSC code for the Tamilnadu branch in Alangudi is PUNB0774500. Here, the first four characters represent the name of the bank the bank, while the ‘0’ is for future use and last 6 characters help in the identification of the specific bank branch.
PNB IFSC code is a must for all fund transfers and PNB will not authorise any transactions if the relevant IFSC code is not provided. The Reserve Bank of India (RBI) is responsible for assigning IFSC codes for all banks across the country.
The IFSC code of the respective bank branch can be found on the cheque leaf issued by the specific PNB home branch. It is very easy to look for IFSC and MICR codes online. The information can be obtained from the PNB website or many other third party financial website.
The BankBazaar website also provides information about the IFSC and MICR codes for PNB Bank. To find the IFSC code of PNB branches on the BankBazaar main page, go to the bottom of the page. Here you will find the link titled ‘Bank IFSC Code’. Click on the link and you will be taken to another page which shows 4 drop down menus. You have to select the particular bank that you’re looking for, the state, district and the particular branch whose IFSC code you’re looking for. Once you have selected your options, the site will display not only the IFSC code for the particular branch but also the MICR code, address and contact number for the branch.
How to transfer funds using PNB NEFT, RTGS and IMPS
PNB gives customers the option to transfer funds using NEFT, RTGS or IMPS. Funds can be transferred from a safe and secure interface without any hassle at the click of a button using any of these methods through electronic funds transfer.
National Electronic Funds Transfer (NEFT):
PNB’s National Electronic Funds Transfer is an electronic fund transfer facility which allows customers to send money conveniently using their internet banking account. NEFT transactions done at the branch do not have any maximum transaction limit. With NEFT, fund transfers are settled in a batch wise format and this facility cannot be availed during non-working hours of the bank.
Real Time Gross Settlement (RTGS):
RTGS or Real Time Gross Settlement is one of the other methods of money transfer. Here, the money is credited to the beneficiary/payee account in real time basis. Generally, RTGS transactions are faster and the settlement time is very less. This is comparatively faster than NEFT and gives customers some amount of flexibility as far as things are concerned. In most cases, there are no transaction limits.
IMPS (Immediate Payment Service): IMPS is one among the fastest money transfer methods in India. The service is offered to all PNB customers. Customers can both send or receive funds at any time of the day and from anywhere on a 24/7 basis and on all 365 days in a year, on all weekdays, weekends and bank holidays as well. As far as IMPS transfers are concerned, the money gets credited to the receiver’s account within minutes.
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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| NEFT | RTGS | UPI |
| IMPS | BHIM | AEPS |
| NEFT Timing | Digital Wallet | Mobile Wallet |
| SBI UPI | Bank IFSC Code |
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
Punjab National Bank (PNB) offers a number of electronic fund transfer services such as NEFT, IMPS, and RTGS.
THe bank charges Rs. 5 plus other GST charges for each IMPS transaction, while the fee for NEFT ranges from around Rs.2.50 to Rs.25. For RTGS, the charges range from around Rs.25 to Rs.55.
The minimum amount for an RTGS transaction is Rs.2 lakh because this type of fund transfer method is generally recommended/and used for very high-value transactions in India. On the other hand, there is no minimum amount requirement as far as NEFT and IMPS is concerned.
16 April 2018
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
