What is an IFSC code?


Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI). The 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.

What is a MICR code?
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.

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Punjab National Bank Basinenipalli, Distt. Nellore Nellore Dist Branch IFSC/MICR Code Details
Bank Name PUNJAB NATIONAL BANK
Address VIA UDAYAGIRI, MANDAL SEETHARAMPURAM
State ANDHRA PRADESH
District NELLORE DIST
Branch BASINENIPALLI, DISTT. NELLORE
IFSC Code PUNB0281900
Branch Code 281900 (Last six characters of IFSC code represent Branch code.)
MICR Code 524024502
Contact Phone 0
via https://bankingzone.in/ifsc

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