IFSC Code, MICR Codes for PUNJAB NATIONAL BANK in MADHYA PRADESH - DISTT.INDORE M.P. - RAU (INDORE) - RAU

PUNJAB NATIONAL BANK RTGS HO Branch in RAU (INDORE) - Address, IFSC, MICR Code


IFSC Code

PUNB0650700

MICR Code

452024017

Branch

RAU

Contact

0

Address

PRK RESIDENCY AB ROAD RAU'

City

RAU (INDORE)

District

DISTT.INDORE M.P.

State

MADHYA PRADESH





What is IFSC Code of PUNJAB NATIONAL BANK situated at RAU- RTGS-HO?
IFSC Code of PUNJAB NATIONAL BANK situated at RAU - RTGS-HO is

PUNB0650700

What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.

What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.