IFSC Code PUNB0000020:

Overview of PUNB0000020

The IFSC code PUNB0000020 is associated with the Kolkata INTER BRANCH RECONCIALATION DEPT Branch of Punjab National Bank. Located in the bustling city of Kolkata, WEST BENGAL, this branch is one of the many Punjab National Bank branches that cater to the banking needs of the local residents. The code "PUNB" in PUNB0000020 represents Punjab National Bank Bank, while 0000020 signifies the unique branch code for INTER BRANCH RECONCIALATION DEPT.

Significance of IFSC Code for Banking Transactions

The importance of the IFSC code, like PUNB0000020, for the INTER BRANCH RECONCIALATION DEPT Branch, cannot be overstated. It acts as an address that identifies both the Punjab National Bank and its specific branch in Kolkata. This ensures that when you're transferring money or setting up a beneficiary for future transactions, your funds are directed to the correct bank branch. Without the IFSC code, the chances of errors in electronic fund transfers would be significantly higher, leading to potential financial losses and administrative hassles.

Deep Dive into PUNB0000020

The IFSC code PUNB0000020 is not just a random combination of letters and numbers. It holds significance in the banking world, especially for those who bank with Punjab National Bank in Kolkata. Let's break down the details:

• IFSC Code (PUNB0000020): This unique code is essential for electronic fund transfers. The first four characters "PUNB" represent the bank's name, Punjab National Bank. The last six characters "0000020" are a unique identifier for the INTER BRANCH RECONCIALATION DEPT branch.
• Bank Name (Punjab National Bank): One of [country]'s leading banks, Punjab National Bank offers a wide range of banking products and financial services to its vast customer base.
• Address (4TH FLOOR, UBI HO, 11 HEMANT BASU SARANI, DALHOUSIE, KOLKATA, WEST BENGAL - 7000001): This specific address pinpoints the exact location of the branch, ensuring that customers can easily find it for their banking needs.
• City & State (Kolkata, WEST BENGAL): The branch is situated in the heart of Kolkata, the capital city of WEST BENGAL. A city known for its [CITY_FEATURES].
• Branch (INTER BRANCH RECONCIALATION DEPT): The [AREA_NAME] area in Kolkata is a hub of activity, and the Punjab National Bank branch here caters to both individual and business banking needs.
• Phone Number (): A direct line to the branch, this number ensures that customers can reach out for any queries, concerns, or banking assistance.