Use this page as a one-stop reference for everything related to Punjab National Bank's MADRAS branch in CHENNAI MADRAS, TAMIL NADU. The branch's IFSC code PUNB0028620 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.
An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.
For Punjab National Bank's MADRAS branch, the IFSC PUNB0028620 breaks down as follows: PUNB identifies the bank, 0 is the reserved character, and 028620 identifies this particular branch.
Branch details at a glance
| Bank Name | Punjab National Bank |
|---|---|
| Branch | Madras |
| IFSC Code | PUNB0028620 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 117,ARMENIAN STREET,CHENNAI |
| City | Chennai Madras |
| District | Chennai |
| State | Tamil Nadu |
About Punjab National Bank
Punjab National Bank operates a wide network of branches across India, including the Madras branch in Chennai Madras. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, PUNB0028620.
About this branch
The branch is located at 117,ARMENIAN STREET,CHENNAI. It serves the Chennai Madras region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Punjab National Bank. The IFSC PUNB0028620 is used to identify this branch on the RBI payments network.
The role of IFSC in India's payments network
India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Punjab National Bank's MADRAS branch came to be assigned the code PUNB0028620.
Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC PUNB0028620, money simply cannot be routed to the MADRAS branch electronically.
How to transfer money using IFSC PUNB0028620
Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC PUNB0028620 across all three.
NEFT to Punjab National Bank, MADRAS using IFSC PUNB0028620
National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.
To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC PUNB0028620, and confirm that the system picks up Punjab National Bank – MADRAS. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to MADRAS
If you need to transfer ₹2 lakh or more in one go to an account at Punjab National Bank's MADRAS branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PUNB0028620 while initiating the transfer and the credit will appear within minutes.
IMPS to Punjab National Bank MADRAS (IFSC PUNB0028620)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PUNB0028620 in your mobile or internet banking app, and the money is credited to the MADRAS branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC PUNB0028620 for Punjab National Bank – MADRAS, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – PUNB0028620 | Yes – PUNB0028620 | Yes – PUNB0028620 |
For most retail customers crediting the Madras branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.
How UPI relates to the IFSC code
UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Punjab National Bank's MADRAS branch, the IFSC PUNB0028620 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.
That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.
Products and account variants supported
Every account opened at the Madras branch is mapped to IFSC PUNB0028620 on the RBI payments network. The branch generally supports the full retail product catalogue of Punjab National Bank, including:
- Resident savings accounts and salary accounts
- Current accounts for businesses and professionals
- Fixed deposits, recurring deposits and tax-saver deposits
- Demand drafts, banker's cheques and pay orders
- Retail loans — personal, vehicle, education, gold and home
- Credit cards and overdraft facilities (subject to eligibility)
- Third-party investment products such as mutual funds and insurance (through tie-ups)
Whichever product you choose, the IFSC for incoming credits remains PUNB0028620.
Banking services available
The Madras branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on the branch contact number.
- Savings, current and salary accounts
- Fixed deposits and recurring deposits
- Personal, vehicle and home loans
- Demat and investment products (where supported)
- Internet banking and mobile banking enrolment
- Debit and credit card issuance
- Locker facilities (subject to availability)
- Foreign exchange services (at authorised branches)
- Bill payments, demand drafts and pay orders
- NEFT / RTGS / IMPS / UPI fund transfers using IFSC PUNB0028620
MICR & cheque-truncation details
Cheques drawn on the Madras branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC PUNB0028620 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Online banking and IFSC PUNB0028620
Punjab National Bank customers can register for net banking and the bank's official mobile app once their account at the MADRAS branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC PUNB0028620 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
Common mistakes to avoid when using IFSC PUNB0028620
An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Punjab National Bank – MADRAS, double-check for these issues:
- Confusing 0 with O. The fifth character of every IFSC is the digit
0, not the letter O. Read carefully. - Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters:
PUNB0028620. - Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
- Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
- Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.
How to reach the Madras branch
The branch is located at 117,ARMENIAN STREET,CHENNAI, which puts it inside Chennai Madras, the broader Chennai district, and the state of Tamil Nadu. To plan your visit:
- Open Google Maps on your phone and search for “Punjab National Bank Madras branch” — the verified location pin for IFSC PUNB0028620 should appear at the top of the results.
- Confirm the branch is open by calling the branch contact number before stepping out, especially around public holidays.
- Carry photo ID and any account-related documents you may need for the transaction you plan to do.
Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC PUNB0028620 and your account number.
Verifying IFSC PUNB0028620 from official sources
The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm PUNB0028620 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on the branch contact number.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Madras are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to PUNB0028620 continue to work without interruption.
Branch address & contact
Punjab National BankMadras Branch
117,ARMENIAN STREET,CHENNAI
Chennai Madras, Tamil Nadu
Phone: the branch contact number
IFSC: PUNB0028620
Frequently asked questions
Can I use IFSC PUNB0028620 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC PUNB0028620 to send funds instantly.
Is IFSC PUNB0028620 valid for NEFT and RTGS?
Yes. IFSC PUNB0028620 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Madras branch but serve different purposes.
Where is Punjab National Bank Madras branch located?
Punjab National Bank's Madras branch is located at 117,ARMENIAN STREET,CHENNAI, Chennai Madras, Tamil Nadu.
How quickly will an NEFT transfer using PUNB0028620 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Punjab National Bank – Madras reflect within 30 minutes.
How do I add Punjab National Bank Madras as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC PUNB0028620, and complete OTP verification. Once activated, you can transfer funds at any time.
Is IFSC PUNB0028620 the same for all accounts at Madras branch?
Yes. The IFSC PUNB0028620 is shared by every account held at Punjab National Bank's Madras branch. Only the account number changes from customer to customer.
What is the phone number of Punjab National Bank Madras branch?
You can reach the branch at the branch contact number during regular banking hours.
Final notes
To recap: PUNB0028620 is the IFSC code of Punjab National Bank, MADRAS branch, in CHENNAI MADRAS, TAMIL NADU. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.
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