Punjab National Bank
MARGHERITA BRANCH
Understanding IFSC Code: The Digital DNA of Punjab National Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the MARGHERITA
branch of Punjab National Bank, the code PUNB0001820 ensures
that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual
errors. In an era of instant payments, having the correct IFSC is as important as the account number
itself.
Anatomy of the PUNB0001820 Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"PUNB" represents Punjab National Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for MARGHERITA
Payment Systems Supported by PUNB0001820
| System | Transfer Limit | Processing Time |
|---|---|---|
| NEFT | No Minimum (Up to ₹50 Lakhs+) | Half-hourly batches (24x7) |
| RTGS | Minimum ₹2 Lakhs | Real-time settlement |
| IMPS | Up to ₹5 Lakhs | Instant (Mobile/P2P) |
Why do you need the MICR Code?
While IFSC is for digital transfers, the Magnetic Ink Character Recognition
(MICR) code——is primarily
used for the processing and clearance of physical cheques. This 9-digit code helps in
identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing
faster and error-free.
Bank Holidays & Availability
The Punjab National Bank in MARGHERITA typically follows the RBI holiday calendar. Digital transfers via PUNB0001820 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.
Security Warning & Verification
Always verify the branch details before making a large payment. While PUNB0001820 is the valid code for MARGHERITA at MARGHERITA, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
Related Searches
- • Punjab National Bank Branch List
- • MARGHERITA IFSC Codes
- • Swift Code for Punjab National Bank
- • Bank Holiday in ASSAM
Financial Tools
- • GST Calculator Online
- • Personal Loan EMI Calc
- • FD Interest Rates 2026
- • Currency Converter
Branch Context
- • MARGHERITA Contact
- • Address of Punjab National Bank
- • MICR Code Finder
- • ASSAM Banking Circle
Platform Links
- • Anand Design DevBox
- • SEO Performance Hub
- • Webmaster Tools
- • IFSC Finder v2.0
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