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 Vijaywada, Back Office Opp-gandhi Park Ap Branch IFSC/MICR Code Details
Bank Name PUNJAB NATIONAL BANK
Address VIJAYWADA, BACK OFFICE
State ANDHRA PRADESH
District OPP-GANDHI PARK AP
Branch VIJAYWADA, BACK OFFICE
IFSC Code PUNB0686200
Branch Code 686200 (Last six characters of IFSC code represent Branch code.)
MICR Code 520024000
Contact Phone 0
via https://bankingzone.in/ifsc

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