PUNJAB NATIONAL BANK MAHARASHTRA IFSC CODE Quick Search

What is PUNJAB NATIONAL BANK MAHARASHTRA ifsc code

IFSC Code (The Indian Financial System Code) is an alphanumeric code which is used to transfer electronic funds in India.

PUNJAB NATIONAL BANK MAHARASHTRA ifsc code is a Unique code which identifies each bank branch. The main purpose of IFSC Code is to participate each bank branch in the two main payment and settlement systems in India.

1) RTGS : Real Time Gross Settlement
2) NEFT : National Electronic Fund Transfer

PUNJAB NATIONAL BANK MAHARASHTRA ifsc code Format:

For Example :

PUNJAB NATIONAL BANK MAHARASHTRA ifsc code : PUNB0000900 is 11 digit Unique IFSC Code.

First 4 characters represents Bank Code : PUNB for Bank : PUNJAB NATIONAL BANK

5th character is Zero and it is reserved for future reference

Last 6 characters represents Branch Code : 000900 for Bank Branch AKOLA

Anatomy of a Cheque

The above image represent cheque format which locates IFSC Code and MICR Code in Red Box

What is MICR Code for punjab national bank maharashtra

MICR code for punjab national bank maharashtra represents Magnetic Ink Character Recognition technology which is printed on cheques. This MICR Code is used for the identification of the cheques for faster processing.

MICR Code is a Unique code which identifies each bank branch. The main purpose of MICR Code is to participate each bank branch in an Electronic Clearing System (ECS).

Where is MICR Code for punjab national bank maharashtra on Cheque:

MICR Code Format for punjab national bank maharashtra :

For Example :

MICR Code for PUNJAB NATIONAL BANK : 444024003 is 9 digit Unique MICR Code.

First 3 digits represents CityCode Code : 444 for City : AKOLA

Middle 3 digits reprents Bank Code: 024 for Bank : PUNJAB NATIONAL BANK

Last 3 digits represents Branch Code : 400 for Bank Branch AKOLA

PUNJAB NATIONAL BANK All City IFSC Code List for State MAHARASHTRA

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