The country's central bank (RBI) has specified three ways in which we can remit money. These include the popular NEFT, RTGS and IMPS. However, to undertake these transactions, we must have the IFSC Code allotted by RBI to each bank and the specified branch.
The Punjab National Bank IFSC Code is an 11-digit alphanumeric code having special 4 characters, 'PUNB', stand for the name of the bank, the fifth character is always 'zero' for future use and the final six characters specify the 'exact branch address'.
If you are searching for the IFSC code of your home branch, you can use two mechanisms to search. In the offline mode you will find it written on your cheque book, which has been given to you by the Punjab National Bank branch. If you are looking for online IFSC Code of Punjab National Bank you can find here in Goodreturns.
Punjab National Bank (PNB) is the second largest bank in the country in terms of branches. PNB was formed in May, 1894, which makes it an almost 122 year old bank in the country.
Today, the bank has emerged among the reputed banks in the country with a very wide spread bank network. There are many branches of PNB, to transfer money from one branch to the other, you should have IFSC codes of PNB.
History of PNB
The first branch of Punjab National Bank was opened in the 1895. Since then the bank has never looked back.
Interestingly, the bank declared a dividend of 4 per cent, in the first seven months of operations. While, the first branch was opened in Lahore, the second was opened in Rawalpindi in 1900.
PNB has served the masses of the country in the almost 122 years of its existence. It has also been proud to serve leaders like Jawahar Lal Nehru, Gobind Ballabh Pant, Lal Bahadur Shastri, Rafi Ahmed Kidwai, Smt. Indira Gandhi are leaders who have banked with Punjab National Bank.
Do not forget to visit the IFSC codes section of PNB for sending and receiving money.
In July 1969, PNB was nationalized. Today, the government of India holds a maximum stake in the bank. For the last many years, the bank has had an impeccable track record in the timely payment of dividend.
Lately, the bank has been facing some problems, regarding non performing assets. However, as the economy recovers it is hoped that there would be recovery in the asset quality of the bank.
Search for PNB IFSC Code
Our user friendly portal allows you to search for the IFSC code, through the State and the branch. We have covered almost all of the branches of PNB and will keep updating the same. You first need to key in the name of a particular bank, followed by the find bank option.
GoodReturns.in not only provides, the IFSC codes for Punjab National Bank, but, also for almost all of the commercials banks in the country.