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 Pali Marwar Lakshmi Market, Pali Branch IFSC/MICR Code Details
Bank Name PUNJAB NATIONAL BANK
Address PALI, MARWAR, PALI
State RAJASTHAN
District PALI
Branch PALI MARWAR LAKSHMI MARKET,
IFSC Code PUNB0356200
Branch Code 356200 (Last six characters of IFSC code represent Branch code.)
MICR Code 306024002
Contact Phone 0
via https://bankingzone.in/ifsc

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