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 Nakodar, Distt. Jalandhar Nakodar Branch IFSC/MICR Code Details
Bank Name PUNJAB NATIONAL BANK
Address NAKODAR MAIN , DISTT JALLANDHAR
State PUNJAB
District NAKODAR
Branch NAKODAR, DISTT. JALANDHAR
IFSC Code PUNB0035800
Branch Code 035800 (Last six characters of IFSC code represent Branch code.)
MICR Code 144024802
Contact Phone 0
via https://bankingzone.in/ifsc

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