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 Jalandhar Mai Hiran Gate, Jalandhar Branch IFSC/MICR Code Details
Bank Name PUNJAB NATIONAL BANK
Address DISTT. JALANDHAR (PUNJAB)
State PUNJAB
District JALANDHAR
Branch JALANDHAR MAI HIRAN GATE,
IFSC Code PUNB0221700
Branch Code 221700 (Last six characters of IFSC code represent Branch code.)
MICR Code 144024017
Contact Phone 0
via https://bankingzone.in/ifsc

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