Punjab National Bank IFSC Code PUNB0559000

Punjab National Bank – PALGHAR

IFSC Code: PUNB0559000

MICR Code: 400024101

Branch: PALGHAR

Bank: Punjab National Bank

Address: CO LYNEX ENTERPRISES GROUND FLR ASHIRWAD APPT TEMBHODE ROAD RAJ TALKIES PALGHAR MH PALG 401404

District: THANE

State: MAHARASHTRA

Contact:

Indian Financial System Code (IFSC): PUNB0559000

The IFSC is an 11-character alphanumeric code used to identify bank branches in India for electronic payment systems such as RTGS, NEFT, IMPS, and CFMS (managed by the Reserve Bank of India).

• The first four characters represent the bank name.
• The fifth character is always ‘0’ and is reserved for future use.
• Branch Code 559000. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 400024101

The MICR code is a unique code printed on cheques using magnetic ink. It helps in the secure and faster processing and clearance of cheques by identifying the bank and branch.