Use this page as a one-stop reference for everything related to Punjab National Bank's MUKHERJEE NAGAR branch in DELHI, DELHI. The branch's IFSC code PUNB0498800 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.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, PUNB0498800 is the IFSC of Punjab National Bank's MUKHERJEE NAGAR branch. The format is fixed: PUNB = bank code, 0 = reserved, 498800 = branch identifier.
Branch details at a glance
| Bank Name | Punjab National Bank |
|---|---|
| Branch | Mukherjee Nagar |
| IFSC Code | PUNB0498800 |
| MICR Code | Refer to cheque leaf |
| Branch Address | SHOP NO G1,G2,G3,G4 MANUSHRI ANSAL BUILDING |
| City | Delhi |
| District | Mukherjee Nagar |
| State | Delhi |
About Punjab National Bank
Punjab National Bank operates a wide network of branches across India, including the Mukherjee Nagar branch in Delhi. 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, PUNB0498800.
About the Mukherjee Nagar branch
The Mukherjee Nagar branch of Punjab National Bank is situated at SHOP NO G1,G2,G3,G4 MANUSHRI ANSAL BUILDING. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code PUNB0498800 is used.
Why every Punjab National Bank branch has a unique IFSC
Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including MUKHERJEE NAGAR of Punjab National Bank — its own 11-character IFSC. The code PUNB0498800 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.
Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC PUNB0498800 the same way you would treat your account number — verify it once and save it carefully for future use.
How to transfer money using IFSC PUNB0498800
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 PUNB0498800 across all three.
NEFT to Punjab National Bank, MUKHERJEE NAGAR using IFSC PUNB0498800
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 PUNB0498800, and confirm that the system picks up Punjab National Bank – MUKHERJEE NAGAR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to MUKHERJEE NAGAR
If you need to transfer ₹2 lakh or more in one go to an account at Punjab National Bank's MUKHERJEE NAGAR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PUNB0498800 while initiating the transfer and the credit will appear within minutes.
IMPS to Punjab National Bank MUKHERJEE NAGAR (IFSC PUNB0498800)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PUNB0498800 in your mobile or internet banking app, and the money is credited to the MUKHERJEE NAGAR branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC PUNB0498800 for Punjab National Bank – MUKHERJEE NAGAR, 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 – PUNB0498800 | Yes – PUNB0498800 | Yes – PUNB0498800 |
For most retail customers crediting the Mukherjee Nagar 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 MUKHERJEE NAGAR branch, the IFSC PUNB0498800 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 Mukherjee Nagar branch is mapped to IFSC PUNB0498800 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 PUNB0498800.
Products and services
Customers walking into the Mukherjee Nagar branch can access most of Punjab National Bank's standard product suite, including:
- Account opening – savings, current, NRI, salary
- Term deposits and recurring deposits
- Retail and small-business loans
- Insurance and mutual-fund tie-ups
- Locker, safe deposit and ATM card services
- Online and mobile banking activation
- Electronic transfers via IFSC PUNB0498800
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by Punjab National Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC PUNB0498800 and the account number together uniquely identify the Mukherjee Nagar branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Digital banking channels
Most day-to-day work that customers used to do at the Mukherjee Nagar branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC PUNB0498800 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.
Common mistakes to avoid when using IFSC PUNB0498800
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 – MUKHERJEE NAGAR, 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:
PUNB0498800. - 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 Mukherjee Nagar branch
The branch is located at SHOP NO G1,G2,G3,G4 MANUSHRI ANSAL BUILDING, which puts it inside Delhi, the broader Mukherjee Nagar district, and the state of Delhi. To plan your visit:
- Open Google Maps on your phone and search for “Punjab National Bank Mukherjee Nagar branch” — the verified location pin for IFSC PUNB0498800 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 PUNB0498800 and your account number.
Verifying IFSC PUNB0498800 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 PUNB0498800 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.
Branch banking hours and holidays
Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Mukherjee Nagar branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC PUNB0498800, however, work 24x7.
Branch address & contact
Punjab National BankMukherjee Nagar Branch
SHOP NO G1,G2,G3,G4 MANUSHRI ANSAL BUILDING
Delhi, Delhi
Phone: the branch contact number
IFSC: PUNB0498800
Frequently asked questions
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 Mukherjee Nagar branch but serve different purposes.
Can I use IFSC PUNB0498800 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC PUNB0498800 to send funds instantly.
Is IFSC PUNB0498800 valid for NEFT and RTGS?
Yes. IFSC PUNB0498800 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Where is Punjab National Bank Mukherjee Nagar branch located?
Punjab National Bank's Mukherjee Nagar branch is located at SHOP NO G1,G2,G3,G4 MANUSHRI ANSAL BUILDING, Delhi, Delhi.
Is IFSC PUNB0498800 the same for all accounts at Mukherjee Nagar branch?
Yes. The IFSC PUNB0498800 is shared by every account held at Punjab National Bank's Mukherjee Nagar branch. Only the account number changes from customer to customer.
How do I add Punjab National Bank Mukherjee Nagar as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC PUNB0498800, and complete OTP verification. Once activated, you can transfer funds at any time.
Summary
The IFSC code PUNB0498800 belongs to Punjab National Bank's MUKHERJEE NAGAR branch, located at SHOP NO G1,G2,G3,G4 MANUSHRI ANSAL BUILDING in DELHI, DELHI. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.
