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Punjab National Bank IFSC Code and MICR Code:

Punjab National Bank state wise list of all branches, IFSC code, MICR code and Addresses within India

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Punjab National Bank IFSC Code

About Punjab National Bank

Punjab National Bank is one of the oldest banks or in a better way it can be also said as one of the oldest financial services company. It was founded in the year of 1894 and is based in New Delhi. This organisation is owned by Government of India and surprisingly it serves over 80 million customers with 6852 branches across 764 cities.

Punjab National Bank is known to be one of the Big Four Bank of India along with State Bank of India, Bank of Baroda and ICICI Bank. Bankers Almanac has ranked Punjab National Bank of India at 248th biggest bank across the Globe. In terms of assets size, Punjab National Bank was ranked third in India in financial year 2012-2013.

PNB International Bank has seven branches in UK. It also has branches in Hong Kong, Dubai, Kabul and Kowloon. It also has wide spread representatives officers in Kazakhstan, China, Norway and Australia. In Bhutan and Nepal, PNB serves with Druk PNB and Everest Bank Limited.

Interestingly, PNB had the privilege of maintaining records of National Leaders that included Mahatma Gandhi, Jawaharlal Nehru, Lal B. Shastri, Indira Gandhi and many more.

PNB Customer Service

Punjab National Bank offers huge number of banking services that includes Merchant Banking, NRI services, Locker Facilities, Depository Services, NEFT/RTGS/ECS, Agricultural Banking, Social Banking, Personal Banking, Internet Banking, Mobile Banking, E-Tax Payments, Bill Payments, Share Trading, Money Transfers, PNB Global credit cards and many more.

Apart from the above banking services, PNB offers all financial services including Insurance Business, Mutual Fund, ASBA, Wealth Management services, NSE Market Tracker, Insurance of Products etc.

It is also involved in various Yojanas and plans for the development of various sections of society particularly farmers and senior citizens.

IFSC Code for PNB

Indian Financial System Code is abbreviated as IFSC code. It is an alphanumeric code that helps in many bank applications particularly in case of financial transactions. It is mostly used for RTGS and NEFT fund transfer systems. These codes are unique codes for every particular banch and are provided by Reserve Bank of India. Fund transfer within the bank or in the different bank is done with the help of IFSC codes.

How to Find IFSC Code for PNB

Finding the IFSC Code is a simple task particularly if you are known to world of internet. Simply entering the details such as name of the state, name of the branch along with PNB Bank, on any search engine would come up with the list of websites that would give you the respective IFSC code.

IFSC code comprises of bank code then a zero for further use and lastly the branch code.


Magnetic Ink Character Recognition Code is mainly used for handling cheque clearance and other bank documents. It is present at the bottom of every cheque. It can be easily read by humans unlike the bar codes.

How to Search PNB MICR Code

MICR Code for PNB is the numeric code which can be searched through any search engine just by entering the details of the branch, state and bank.


There are ample amount of websites available online that provide the details of bank and its branch therefore it is another crucial task to check the authenticity of the information. This means that the IFSC code or MICR code provided by that website must be correct and accurate as per the branch details.

Other Popular Banks IFSC Code

Punjab National Bank IFSC Code News:

After PNB more lenders are to launch E-verifying Income Tax Return facility even without Net Banking

Following PNB & UBI, more number of lenders are soon going to launch a new service, by which bank customers can cross-check his IT return using E-Filing website without net banking facility. After verifying the bank account number an EVC (Electronic verification code) will be assigned on the e-filing website of the IT department. EVC can also be created by prior verifying a dematerialization account on the e-filing web page. National Securities Depository Limited (NSDL) & Central Depository Services Limited (CDSL) have introduced this service which will allow the customers to e-verify their IT return. Punjab National Bank & United Bank of India have introduced this service to help their customers to validate their IT return even if they do not have access to net banking facility. Other lenders too are soon going to introduce this facility for their account holders stated the CBDT. Account holders of SBI, Canara Bank & Axis Bank can create their unique EVC with the help of their bank’s ATMS. According to the recent information, this e-verification service to verify the IT return was utilized by nearly 75.3 lakh tax accesses until 5 August, 2016 opposed to 32.95 lakh taxpayer till 7 September, 2015. E-validation using Aadhaar was utilized by 17.68 lakh tax accesses this year compared to 10.41 lakh taxpayer in the same period in the year 2015-16. Further, 3.32 lakh IT returns were signed using digitally generated signature.

The Income tax department stated it boost all the taxpayer who have deposited their IT returns to take help of e-validation as a simple substitute to submit their Income Tax Return Verification form to Central Processing Unit in Bengaluru. Central processing unit in Bengaluru has sanctioned nearly Rs. 54.35 lakh refunds amounting to Rs. 14,332 crore which encompasses 20.81 lakh repayment for AY 2016-2017 summing up to Rs. 2,922 crore as on 5 August, 2016.

2016/08/16 10:57 PM

CBI files new case against loan-defaulter Vijay Mallya

Central Bureau of Investigation has enrolled a new case against Vijay Mallya. The case is filled because he was irregular in paying the loan amount to the State Bank of India. The loan amount was of Rs. 1,600 crore. CBI stated it has filed a case against Mallya & others because it received complaints from banking consortium led by the State Bank of India that has issued loans to the Kingfisher Airlines. The information sources revealed it was doubtful that Mallya had wanted to re-amortize his loan payments in which details was quenched by this flamboyant businessman. CBI has much before registered a loan default case to the IDBI bank by the presently non-functional Kingfisher Airlines. Mallya was the owner of Kingfisher Airlines, and it had been issued loan of Rs.6, 900 from banking consortium of seventeen banks in 2010 following 2nd debt restructuring scheme for the Kingfisher Airlines. The KFA owes RS.1, 600 to SBI. In month of February, 2013 few bankers who recalled the entire loan could regain only nearly Rs. 1,100 crore, if they auction all the stocks of United Breweries Group companies

Apart from this, other banks that need to recover amount from the KFA are:  IDBI bank & PNB bank need to regain Rs.800 crore respectively, Bank of India have exposure of Rs. 650 crore, Central Bank of India- Rs.410 crore ,Bank of Baroda need to recover Rs. 550 crore debt.  UCO Bank needs to regain Rs 320 crore debt, State Bank of Mysore (Rs 150 crore), Corporation Bank (Rs 310 crore), Indian Overseas Bank (Rs 140 crore), Punjab and Sind Bank (Rs 60 crore), Federal Bank (Rs 90 crore ) plus Axis Bank (Rs 50 crore).


2016/08/15 09:58 PM

To invest in PNB,RBI allows foreign investors

Foreign investors are now allowed to buy PNB shares after RBI gave its nod for the same. PNB posted a quarterly loss of Rs. 5367 Cr for the fourth quarter that ended on March 31,2016. This is the largest quarterly loss reported by any public sector lender. On July 8 the RBI lifted an almost seven years old limit placed on foreign investors to purchase the shares of the bank.

The RBI also notified that there is a prescribed threshold caution limit stipulated under the FDI policy for foreign investment in the bank by FIIs,NRIs,PIOs and FDI which has gone beneath the recommended limit in case of PNB

The central bank said that the restriction that was placed to buy the set of the shares of the company vide a Press Release in 2009 has been pulled back with quick impact.

The PNB is suffering due to bad loans and posted the biggest quarterly loss at Rs 5367 Cr for the quarter ending March 31st,2016

The main drag on the banks performance was due to a three fold surge in awful advances including those reached out to control discoms and for foodgrain buy in Punjab. The situation will continue for sometime.

2016/07/14 08:06 AM

Punjab National Bank (PNB) shares rise as its subsidiary decides on an IPO plan

After the PNB subsidiary Punjab National Bank (PNB) finance in housing registered a list for  2500 Cr IPO the govt. bank PNB shares saw a rise of 4 % on Thursday.

Before the IPO PNB used to own a 51 % stake in Punjab National Bank  housing finance which will now hit lower to 35-37 %.

PNB housing finance reported a profit of Rs 327.57 Cr post deduction of taxes and revenue from operations was seen at Rs 2669.54 Cr.

PNB has been facing losses due to  bad loans amounting to Rs 5367 Cr which is the largest ever quarterly loss for any lender in India. The bank is expected to struggle with these bad loans for a few more quarters till it clears its balance sheet.

On NSE the Punjab National Bank shares closed at Rs. 116.85.

2016/07/08 10:14 PM

PNB aims on smart banking

In the present scenario, lenders have to largely focus on digital initiatives because there are billion mobile phone subscribers plus a good number of persons having smartphones in the open market. It is to be highly noted that rapid technological changes are perfectly transforming the manner even ordinary Indians different kind of conduct their banking transactions in a successful manner. Recently in a press release, Usha Ananthasubramanian who is the managing director and CEO of PNB stated that at the forefront of technology, Punjab National Bank (PNB) has always been in the open market.

It is to be highly noted that Punjab National Bank (PNB) at present is trying its best to reinforce technology plus successfully create Digital PNB for its customers. It will aim for easily-accessible technology and services. It focuses on hassle-free aspects. The concept of “Green Pin” will be introduced soon where a customer doesnt need to visit the nearest ATM or branch for generating the ATM Pin. It also indicates that the consumer can be the best master of his own banking products and its related services in the open market. It has also created powerful e-lobbies for its customers where they can get most of their work done in a successful manner without any hurdles. The basic banking services of Punjab National Bank (PNB) are going revolutionary changes. The days of updating the passbook, withdrawing cash and depositing a cheque will have revolutionary changes with latest technologies. PNB has plan for installing cash machines and other gadgets for its esteemed customers.

2016/02/08 11:20 PM

PNB Housing to focus on AP, Telangana

The Punjab National Bank (PNB) is focusing to venture the realty market and demand for housing projects in Andhra Pradesh and Telangana recently to serve its financial needs. Its lending division PNB Housing Ltd (PNBHL) is coming up with new branches in the cities of AP and Telangana. It does have subsidiary company to meet the customer service requirements of housing loan schemes for homebuyers and builders.

As per PNB Housing Finance Ltd, its business head Mr. Shaji Varghese informed media about its opening of new branches in AP and TS. The core venture in to the two states is its realty market potential and demand for modern housing from the buyers. As far as, the South Indias realty market potential is of INR 5310 Crores. Either it is the size of housing loan account as of 30th September 2015. Already, PNBHLF is market leader in Hyderabad. It has many satisfied homebuyers in to their account. At present, there are (15) PNBHLF branches across south India. It is focusing to open few more branches to serve the homebuyers.

As far as AP state is concerned, it has more realty market potential in Vijayawada and Vishakapatanam. Soon after the state bifurcation, AP and TS is growing very fast in realty market. The demand for land and homes is growing in positive trend. The need for home loans with homebuyers and builders are also increasing. The PNBHLF is looking for more opportunities in these new developing cities of newly formed states.

2016/01/24 03:08 AM

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