Overview of IFSC Code PUNB0123320: The IFSC code PUNB0123320 uniquely identifies the Punjab National Bank branch located at Margaongoa in the South Goa district of Goa. This 11-digit alphanumeric code is mandatory for routing electronic fund transfers like NEFT, RTGS, and IMPS to the correct bank account.

IFSC Code PUNB0123320 - Punjab National Bank Margaongoa

PUNB0123320 Punjab National Bank Margaongoa South Goa Goa

KARISHMA APPARTMENTS M ARGAON GOA

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Quick Info

IFSC: PUNB0123320

District: SOUTH GOA

Status: Active

About Punjab National Bank Margaongoa

IFSC Code PUNB0123320 belongs to Punjab National Bank Margaongoa branch located in Margaongoa, South Goa, Goa. This branch serves customers in Margaongoa, South Goa, Goa and surrounding areas.

Understanding IFSC Code PUNB0123320

The IFSC (Indian Financial System Code) PUNB0123320 is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to uniquely identify this specific bank branch. The code structure follows a specific format:

  • First 4 characters (PUNB): Bank code identifying Punjab National Bank
  • 5th character (0): Reserved for future use (always 0)
  • Last 6 characters (123320): Unique branch identifier for Margaongoa
Electronic Fund Transfer Services

IFSC Code PUNB0123320 is essential for all electronic fund transfers in India. This code ensures that money transfers are routed to the correct bank branch. The following payment systems use IFSC codes:

NEFT (National Electronic Funds Transfer)

Batch processing system for fund transfers. Available Yes at this branch.

Processing: Multiple batches daily, typically settles within 2 hours during banking hours.

RTGS (Real Time Gross Settlement)

Real-time fund transfer for high-value transactions (minimum ₹2 lakh). Available Yes at this branch.

Processing: Real-time settlement, typically within minutes during RTGS hours.

IMPS (Immediate Payment Service)

24/7 instant fund transfer service via mobile or internet banking. Available Yes at this branch.

Processing: Instant transfer, available 24/7 including holidays.

UPI (Unified Payments Interface)

Instant mobile payment system using UPI ID or QR code. Available Yes at this branch.

Processing: Instant transfer, available 24/7, no IFSC code needed for UPI transactions.

Branch Location and Accessibility

The Punjab National Bank Margaongoa branch is located at KARISHMA APPARTMENTS M ARGAON GOA in Margaongoa, South Goa, Goa. This location serves customers in Margaongoa, South Goa, Goa and nearby areas. When initiating any electronic fund transfer to an account held at this branch, you must use IFSC Code PUNB0123320 to ensure the transaction is routed correctly.

How to Use IFSC Code PUNB0123320

When making online fund transfers to an account at this branch, you will need:

  1. IFSC Code: PUNB0123320 (for NEFT, RTGS, IMPS)
  2. Account Number: The recipient's account number
  3. Account Holder Name: As registered with the bank
Important: Always verify the IFSC code before initiating any fund transfer. Incorrect IFSC codes can result in failed transactions or funds being sent to the wrong branch. This IFSC code information is verified from official Reserve Bank of India (RBI) records and is updated regularly to ensure accuracy.
Finding Other Punjab National Bank Branches

If you're looking for other Punjab National Bank branches in Margaongoa, South Goa, Goa or nearby areas, use our Punjab National Bank branch finder. You can search by city, district, or state to find all Punjab National Bank branches with their respective IFSC codes.

Branch Details
IFSC Code: PUNB0123320
Bank Name: Punjab National Bank
Branch Name: Margaongoa
Address: KARISHMA APPARTMENTS M ARGAON GOA
City: Margaongoa
District: South Goa
State: Goa
Payment Services Available
NEFT
Available
RTGS
Available
IMPS
Available
UPI
Available
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Punjab National Bank Margaongoa Branch IFSC Code PUNB0123320 — Complete Banking Guide for Margaongoa, Goa

IFSC code PUNB0123320 belongs to the Margaongoa branch of Punjab National Bank in Margaongoa, South Goa district, Goa. This 11-character code, assigned by the Reserve Bank of India, is mandatory for all digital fund transfers — NEFT, RTGS, IMPS, and UPI. Every payment initiated to an account at this branch must include IFSC PUNB0123320 to ensure accurate routing through India's centralised payment infrastructure. Providing an incorrect IFSC may delay or fail the transaction, so always verify the code before confirming any transfer.

About Punjab National Bank, Margaongoa Branch

The Margaongoa branch of Punjab National Bank in Margaongoa, Goa serves retail and corporate customers in South Goa district with a full range of banking products. Services typically include savings and current accounts, fixed and recurring deposits, personal and home loans, vehicle finance, trade finance, locker facilities, and wealth management. The branch also supports digital banking — internet banking, mobile banking, UPI, and contactless debit/credit card issuance. Its IFSC PUNB0123320 is the key identifier for all fund transfers routed to accounts at this location through RBI's payment systems.

Payment Methods Using IFSC PUNB0123320

Four primary digital payment rails use IFSC PUNB0123320 for transfers to Punjab National Bank, Margaongoa: NEFT — batch-based, 48 half-hourly settlements daily, no minimum amount, ideal for regular transfers; RTGS — real-time, 24×7, minimum ₹2 lakh, used for high-value transactions; IMPS — instant, 24×7, up to ₹5 lakh, best for urgent transfers; UPI — uses Virtual Payment Address (VPA) linked to accounts at this branch, instant and zero-cost for most transactions. For each method, the sender's bank verifies IFSC PUNB0123320 against the RBI IFSC master list before processing the payment.

MICR Code and Branch Details

In addition to the IFSC, the Margaongoa branch of Punjab National Bank in Margaongoa carries a MICR (Magnetic Ink Character Recognition) code — a 9-digit number printed on cheques that identifies the bank, city, and branch for cheque clearing through the MICR-based clearing system. While NEFT/RTGS/IMPS use the IFSC PUNB0123320 exclusively for electronic transfers, MICR remains relevant for paper-based cheque processing. Both codes are listed on this page for complete branch reference.

How to Verify IFSC PUNB0123320 Before Transferring

Before initiating any high-value transfer to IFSC PUNB0123320, verify the code through: (1) the RBI's official IFSC repository at rbi.org.in; (2) Punjab National Bank's official website branch locator; (3) MahaFind's IFSC lookup — the page you are currently viewing. Cross-reference the branch address and bank name displayed here against the details provided by your recipient to confirm accuracy. A mismatch in even one character of the IFSC can reroute your transfer to a different branch entirely.

FAQs — Punjab National Bank Margaongoa, Margaongoa IFSC

What is the IFSC of Punjab National Bank Margaongoa in Margaongoa?

The IFSC of Punjab National Bank, Margaongoa branch in Margaongoa, Goa is PUNB0123320. Use this for NEFT, RTGS, IMPS, and UPI transfers to any account at this branch.

What is the minimum amount for NEFT to IFSC PUNB0123320?

There is no minimum amount for NEFT transfers. You can send as little as ₹1. RTGS requires a minimum of ₹2 lakh. IMPS supports up to ₹5 lakh per transaction. All three use IFSC PUNB0123320 to route funds to Punjab National Bank, Margaongoa, Margaongoa.

Who assigns IFSC codes like PUNB0123320?

The Reserve Bank of India (RBI) assigns all IFSC codes in India. Punjab National Bank applied for the IFSC for its Margaongoa branch in Margaongoa, and RBI issued PUNB0123320 as the unique identifier. The complete list of valid IFSCs is maintained in RBI's IFSC master directory.

Can I use IFSC PUNB0123320 for UPI payments?

UPI payments are linked to a Virtual Payment Address (VPA) rather than an IFSC directly, but the underlying account is mapped to IFSC PUNB0123320 at Punjab National Bank, Margaongoa, Margaongoa. When sending money via NEFT/RTGS/IMPS to this branch's account holders, always use IFSC PUNB0123320.

About IFSC Code PUNB0123320

IFSC Code PUNB0123320 belongs to Punjab National Bank branch Margaongoa located in Margaongoa, South Goa, Goa.

Branch Information

  • IFSC Code: PUNB0123320
  • Bank: Punjab National Bank
  • Branch: Margaongoa
  • Address: KARISHMA APPARTMENTS M ARGAON GOA
  • City: Margaongoa
  • District: South Goa
  • State: Goa

Payment Services

  • NEFT: Available
  • RTGS: Available
  • IMPS: Available
  • UPI: Available
Note: IFSC (Indian Financial System Code) is an 11-character code used to identify bank branches for electronic fund transfers (NEFT, RTGS, IMPS). Always verify the IFSC code before initiating any transaction.

Frequently Asked Questions

IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify bank branches for electronic fund transfers. You can find IFSC code using our IFSC code search tool by entering the bank name, branch name, or the IFSC code itself.

To check IFSC code, use our IFSC code search tool. Enter the bank name and branch name, or search by IFSC code directly. You can also find banks near me by searching with your location.

IFSC code format consists of 11 characters: first 4 characters represent the bank name, followed by a zero (0), and the last 6 characters represent the branch code. For example, HDFC0001234 where HDFC is the bank code and 001234 is the branch code.

To find banks near me, use our IFSC finder tool. Enter your city or location, and we will show you all nearby bank branches with their IFSC codes, addresses, and contact details.

IFSC code is used for electronic fund transfers (NEFT, RTGS, IMPS) and is 11 characters long. MICR code is used for cheque processing and is 9 digits long. Both codes uniquely identify a bank branch.

You can verify IFSC code using our check IFSC code tool. Enter the IFSC code, and we will display the complete branch details including bank name, branch name, address, and available payment services (NEFT, RTGS, IMPS, UPI).

Yes, IFSC code is required for all electronic fund transfer methods including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Our tool shows which services are available for each branch.

To get IFSC code by bank name and branch, use our search tool. Select "Search by Bank & Branch" option, enter the bank name (e.g., Punjab National Bank) and branch name, and we will display the complete IFSC code details.