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 Taoru Village Distt Mewat Village Taoru Delhi Branch IFSC/MICR Code Details
Bank Name PUNJAB NATIONAL BANK
Address PURANI ABADI LAL DORA VILLAGE TAORU
State HARYANA
District VILLAGE TAORU DELHI
Branch TAORU VILLAGE DISTT MEWAT
IFSC Code PUNB0693900
Branch Code 693900 (Last six characters of IFSC code represent Branch code.)
MICR Code 110024276
Contact Phone 0
via https://bankingzone.in/ifsc

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