Find all the information of Punjab National Bank Sundargarh Orissa Branch needed for NEFT, IMPS or RTGS transactions using IFSC Code. If you are the beneficiary, or if you would like to receive funds from anyone across India, then you will have to provide the person transferring funds with your Bank Branch IFSC Code along with your Account Number. RBI assigns a new IFSC code to each branch of the bank which is unique.
Along with the IFSC Code, you will find below other information of Punjab National Bank including the Sundargarh branches Contact Details, Address & MICR Code.
Select the branch from the following list of Punjab National Bank branches in Sundargarh to fetch the required information. You will find IFSC Code and other details. You can bookmark the site for the later use. In the next step, you will be able to share the IFSC code through E-Mail or Whatsapp.
Locate any Punjab National Bank Sundargarh branch in India with the bank IFSC code and other details
The Indian Financial System Code (IFSC) is
an 11 character alphanumeric code used to identify the bank and its branch in
which the account is held. The IFSC code is assigned by RBI to
distinguish the different branches that are participating in the NEFT system in
India. This code is used by the RTGS , NEFT and IMPS systems. This code enables you to
access your account from any part of the world to transfer funds.
NEFT (National Electronic Funds Transfer)
is a system that allows people to transfer funds from the bank to individuals,
firms or businesses. RTGS (Real Time Gross Settlement) is a term used to define
the continuous settlement of funds transferred on a gross basis by individuals.These
systems use the IFSC codes to route the messages to the concerned bank branch.
IFSC code information
The bank IFSC code is an excellent
and unique code for the international electronic payment system. As mentioned
above, it is comprised of 11 alphanumeric characters. These characters are
The first four digits represent the bank code
e.g. ANDB for the Andhra Bank.
The 5th digit is a zero by default i.e.
The last six digits identify the bank branch
So, the IFSC code for Andhra
Bank, Bhavnagar in Gujarat is ANDB-0-001767. In this way, you can find the IFSC
code for your bank by entering the bank name, branch name, state, city and
IFSC codes and financial transactions
The bank IFSC codes are used by all
the electronic funds transfer mechanisms and online banking solutions to know
the starting and ending point of each financial transaction. The online
transfer of funds can be carried out in a more safe and accurate way by using
the IFSC codes.
IFSC codes and internet banking
The IFSC codes have brought about a huge revolution
to the internet banking system in India. Apart from managing the NEFT and RTGS,
the IFSC codes are used for third-party funds transfer, online banking transactions,
and online purchases. The bank IFSC codes enable high security and precision
and give a unique identification to each bank. This code helps in the coordination
and successful exchange of funds between the sender and the recipient bank.
How to use IFSC code for PayPal NEFT?
To send money via PayPal NEFT, you’ll need
to enter the name of the bank of the account holder, the branch location , the
name of the account holder and the IFSC code. If a beneficiary has not provided
you the IFSC code, you can find it online. Once you’ve found the IFSC code, you
can list the beneficiary on your PayPal account. You can now carry out the
PayPal NEFT by simply entering the person’s email address.
IFSC codes and mobile apps
There are some mobile apps that enable you
to get the bank IFSC codes.One of the apps is named as ‘IFSC code’. This
app will allow you to save and share the IFSC codes, and it contains all
states, districts, cities and branches names, branch locations, contact