Punjab National Bank IFSC and MICR Code:

PNB IFSC Code: (Punjab National Bank IFSC Code)

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.

How to Search PNB IFSC and PNB MICR Codes?

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.

Money 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.

• To transfer money from a PNB account to another PNB account, all you have to do is choose the remittance method - NEFT, RTGS or IMPS. To perform an online fund transfer, you have to provide the IFSC code of beneficiary bank, account number and name of the beneficiary. In this case, you will have to provide the PNB IFSC code.
• To transfer funds from a PNB account to another bank account, you will have to add the beneficiary first. After that is done, you will have to mention the beneficiary bank’s IFSC code, account number and other details to complete the transaction in an instant.

Customers can choose any of the following modes to remit money to India.

Customers can transfer money from abroad through PNB Nostro accounts by contacting their banker with the following details.

• Correspondent Bank name, Nostro Account number for respective currency and SWIFT code.
• Purpose of remittance
• Name of the beneficiary, branch and 16 digit account number
• SWIFT code for Punjab National Bank (PNB) - “PUNBINBBISB”

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.

• Only personal remittances and remittances favouring tourists from foreign countries visiting India is permissible under MTSS.
• For individual remittances, the maximum amount that can be remitted is fixed at $2500.
• Payment is made in Indian Rupees and there is no deduction of charges from the beneficiary.
• Not more than 30 transactions are permitted in a calendar year.
• MTSS can be done in almost all branches of Punjab National Bank.
• Only amounts not exceeding Rs.50, 000 can be paid in cash. Amounts exceeding this limit has to be paid by Demand Draft or must be directly credited to the beneficiary's account.

PNB has also tied up with the following companies to facilitate remittances.

• MoneyGram
• Xpress Money
• EzRemit
• Western Union
• BuyIndiaOnline.com
• Transfast

• 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.

• There is no minimum or maximum limit on the funds to be remitted.
• You don’t have to run to the banks and Post Office to remit money. You can do so from the comfort of your home using NEFT.
• NEFT guarantees the transfer of funds on the very same day or the next day.
• There is no risk of fraudulent use and loss of instruments (like cheque or DD).
• Through Internet Banking Channel, this facility is also made available for bulk users and on both online and request mode.
• NEFT facility is available at all CBS branches of the bank.
• NEFT facility can be used by both retail and corporate clients.

Refer the table below for service charges on NEFT facility.

There is no inward charges. In case of cash handling, extra charges at the rate of 30% extra of normal charges would be levied.

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.