RBI has assigned a unique IFSC code to every bank branch in India so that they can be easily identified during electronic transactions. It is a unique 11-character code essential to transfer funds via electronic payment systems such as RTGS, NEFT, and CFMS. IFSC code for each bank branch is unique, and no two branches (even of the same bank) can share the same IFSC code. 

The Punjab National Bank was founded by Lala Lajpat Rai, a freedom fighter. It came into existence in 1984. It is the first Swadeshi Bank of India. Established in April 1894 from Lahore, the bank has now merged with seven more banks. Over the years, the bank’s customer base has grown, positively reflecting its brand image. As it has many branches across the country, it is easy to carry out transactions offline as well as online. 

The 11-character IFSC code of Punjab National Bank has ‘PUNB’ as the initial character, representing the bank; the next four characters are zero, while the last six digits represent the particular branch of the Punjab Bank. For example, the IFSC code of the Punjab National Bank, Golf Course Road branch, Haryana, is PUNB0984500. Here ‘PUNB’ represents the bank, the fifth character is zero, and ‘984500’ represents the Gold Course Road branch of Punjab National Bank. 

The Reserve Bank of India monitors all banking transactions via electronic payment systems like NEFT and RTGS impeccably because of the use of IFSC codes. It would not be possible to track millions of transactions taking place in the country every day without the IFSC code. 

What is the Relation Between the Punjab National Bank branch code and the IFSC code?

Punjab National Bank has been in the picture since before India’s independence. Currently, it has about 7,000 branches operating in different states and union territories of the country and about 10,000 ATMs in 750 cities. The bank has a huge customer base, with approximately eight crore customers as of now. It even has branches in foreign countries, including Hong Kong, Kabul, and Dubai. 

The Punjab National Bank branch code is a part of the IFSC code. The IFSC code contains 11 characters, of which the last six digits represent the branch code. To understand it better, let’s look at an example. The IFSC code of the Punjab National Bank Hauz Khas, Mehrauli Road Delhi branch is PUNB0309300. The last six digits of this IFSC code, 309300, represent the branch code. Similarly, the IFSC code of the PNB Golf Course Road Branch located in Haryana is PUNB0984500. Here also, the last six digits, ‘984500,’ denote the branch code.

FAQs

1 - How do I find IFSC Code for a specific Punjab National Bank branch?

There are various ways to find the IFSC code for a specific Punjab National Bank branch. You can either use the Wishfin IFSC code finder, visit the Reserve Bank of India website, or use the IFSC code finder on the Punjab National Bank official website. If you are an existing customer of the bank, the IFSC code of your bank branch will be printed on your account passbook and chequebook. 

2 - What is the CIF number, and how can I find it for PNB?

CIF stands for ‘Customer Information File’. It is a virtual file that contains information about the customer’s activity related to his accounts, like transaction history and personal details. You can find the CIF number for the PNB printed on the first page of your passbook and chequebook. 

3 - How can I know the IFSC code of my PNB account?

You can get to know the IFSC code of your PNB account by checking the first page of your cheque book and passbook. Alternatively, you can visit the bank’s website, RBI website, or use Wishfin IFSC code finder for the same. Searching for the IFSC code through these methods is very easy if you know the branch or area name.

4 - What is the PNB BSR Code?

BSR stands for Basic Statistical Report. The PNB BSR Code is a 7- digit code, the first three digits of which represent the bank, and the remaining four digits represent the bank branch. The Reserve Bank of India assigns the BSR code to all bank branches. It helps pensioners get their pension and is also used when filling TCS/TDS returns.

5 - What is the PNB CIF Number?

The Punjab National Bank CIF Number is a ten or 11-digit number that is provided by the bank to every customer who opens an account with the bank. This number provides access to all the account-related information of the customer, such as his transaction history, deposits and withdrawals, and personal information. The CIF number is usually printed on the first page of the Punjab National Bank chequebook.