IFSC Code, MICR Codes for PUNJAB NATIONAL BANK in MADHYA PRADESH - INDORE - INDORE - NIHALPUR MANDI

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


IFSC Code

PUNB0984900

MICR Code

WAITING

Branch

NIHALPUR MANDI

Contact

9827612030

Address

NIHALPUR MANDI DIST INDORE MADHYA PRADESH 452013

City

INDORE

District

INDORE

State

MADHYA PRADESH





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

PUNB0984900

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.