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Bank Details for IFSC CODE : PUNB0730100

Bank NamePunjab National Bank
Branch Name 11, Tnpt Madurai
Branch Code 730100
IFSC Code PUNB0730100
MICR Code 625024007
Bank Address Tamilnadu Politechnic
State Name Tamil Nadu
City / Area Madurai
District Name T P K Road , Madurai
Contact Details0

IFSC code - PUNB0730100 of bank 11, Tnpt Madurai T P K Road , Madurai Tamil Nadu India Punjab National Bank is use to do any online transaction like NEFT, RTGS, ECS Transactions.

IFSC Code - PUNB0730100 of bank Punjab National Bank and MICR code - 625024007 of bank Punjab National Bank is use to do any online transaction or transaction related to the 11, Tnpt Madurai branch of Punjab National Bank T P K Road , Madurai Tamil Nadu. an Invalid use ifsc code or micr code will lead to failur of the transaction.


Map Location for Punjab National Bank - 11, Tnpt Madurai T P K Road , Madurai Tamil Nadu




IFSC - Indian Financial System Code. IFSC Code is used for electronic payment applications ( Online Banking ). RTGS - Real Time Gross Settlement , NEFT - National Electronic Funds Transfer , Immediate Payment Service, IMPS - interbank electronic instant mobile money transfer service, CFMS - Centralised Funds Management System that is developed by RBI - Reserve Bank of India. Code has eleven characters "Alpha Numeric" in nature. First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch.

National Electronic Funds Transfer (NEFT) is a nation-wide system that facilitates individuals, firms and corporates to electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country. NEFT transfers are also referred as e-cheques as the funds are not transferred in real-time and the funds are settled in batches.

'RTGS' stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting). You need the IFSC Code to identify the Branch for which you will want to transfer funds using RTGS. Note all branches don't have IFSC Codes.

'IMPS' is Immediate Payment Service and it is commonly known as Interbank Mobile Payment Service. IMPS uses IFSC codes to offer a number of fund transfer services instantly in a round the clock environment. National Payments Corporation of India (NPCI), which is an organization that regulates the retail payments in India, has provided this facility.

MICR Code: Magnetic Ink Character Recognition MICR CODE is printed on cheque book to facilitate the Process of cheques.