Punjab National Bank
SIMLA TOTU BAZAR, DISTT. SIMLA BRANCH
Related Branches
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 SIMLA TOTU BAZAR, DISTT. SIMLA
branch of Punjab National Bank, the code PUNB0089200 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 PUNB0089200 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 SIMLA TOTU BAZAR, DISTT. SIMLA
Payment Systems Supported by PUNB0089200
| 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—171024006—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 TOTU,SHIMLA typically follows the RBI holiday calendar. Digital transfers via PUNB0089200 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 PUNB0089200 is the valid code for SIMLA TOTU BAZAR, DISTT. SIMLA at TOTU,SHIMLA, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
Related Searches
- • Punjab National Bank Branch List
- • TOTU,SHIMLA IFSC Codes
- • Swift Code for Punjab National Bank
- • Bank Holiday in HIMACHAL PRADESH
Financial Tools
- • GST Calculator Online
- • Personal Loan EMI Calc
- • FD Interest Rates 2026
- • Currency Converter
Branch Context
- • SIMLA TOTU BAZAR, DISTT. SIMLA Contact
- • Address of Punjab National Bank
- • MICR Code Finder
- • HIMACHAL PRADESH Banking Circle
Platform Links
- • Anand Design DevBox
- • SEO Performance Hub
- • Webmaster Tools
- • IFSC Finder v2.0
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