Use this page as a one-stop reference for everything related to Punjab National Bank's INDAPUR branch in INDAPUR, MAHARASHTRA. The branch's IFSC code PUNB0954700 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, PUNB0954700 is the IFSC of Punjab National Bank's INDAPUR branch. The format is fixed: PUNB = bank code, 0 = reserved, 954700 = branch identifier.
About the bank
Punjab National Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Indapur branch in Indapur, Maharashtra is part of this network and uses the IFSC code PUNB0954700 for all electronic settlement.
Branch details at a glance
| Bank Name | Punjab National Bank |
|---|---|
| Branch | Indapur |
| IFSC Code | PUNB0954700 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GROUND FLOOR GAT NO 19 2 A 1 OLD GATE NO 17 MH INDAP 413106 |
| City | Indapur |
| District | Indapur |
| State | Maharashtra |
| STD Code | 11 |
| Phone | 23718172 |
About the Indapur branch
The Indapur branch of Punjab National Bank is situated at GROUND FLOOR GAT NO 19 2 A 1 OLD GATE NO 17 MH INDAP 413106. 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 PUNB0954700 is used.
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 INDAPUR branch came to be assigned the code PUNB0954700.
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 PUNB0954700, money simply cannot be routed to the INDAPUR branch electronically.
Products and account variants supported
Every account opened at the Indapur branch is mapped to IFSC PUNB0954700 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 PUNB0954700.
Banking services available
The Indapur branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 11-23718172.
- 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 PUNB0954700
How to transfer money using IFSC PUNB0954700
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 PUNB0954700 across all three.
How to use IFSC PUNB0954700 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Punjab National Bank's INDAPUR branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC PUNB0954700.
- Confirm the bank name auto-populates as Punjab National Bank and the branch as INDAPUR.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
Real-Time Gross Settlement to INDAPUR
If you need to transfer ₹2 lakh or more in one go to an account at Punjab National Bank's INDAPUR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PUNB0954700 while initiating the transfer and the credit will appear within minutes.
IMPS to Punjab National Bank INDAPUR (IFSC PUNB0954700)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PUNB0954700 in your mobile or internet banking app, and the money is credited to the INDAPUR branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC PUNB0954700 for Punjab National Bank – INDAPUR, 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 – PUNB0954700 | Yes – PUNB0954700 | Yes – PUNB0954700 |
For most retail customers crediting the Indapur 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.
UPI payments and IFSC PUNB0954700
UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Punjab National Bank – INDAPUR is still mapped to IFSC PUNB0954700. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.
If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC PUNB0954700 and the beneficiary's account number to complete the transfer.
Digital banking channels
Most day-to-day work that customers used to do at the Indapur 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 PUNB0954700 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.
MICR & cheque-truncation details
Cheques drawn on the Indapur branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC PUNB0954700 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Common mistakes to avoid when using IFSC PUNB0954700
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 – INDAPUR, 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:
PUNB0954700. - 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 Indapur branch
The branch is located at GROUND FLOOR GAT NO 19 2 A 1 OLD GATE NO 17 MH INDAP 413106, which puts it inside Indapur, the broader Indapur district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “Punjab National Bank Indapur branch” — the verified location pin for IFSC PUNB0954700 should appear at the top of the results.
- Confirm the branch is open by calling 11-23718172 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 PUNB0954700 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC PUNB0954700 for Punjab National Bank – INDAPUR, you can cross-check the code from any of these sources before initiating a high-value transfer:
- The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
- The first page of your passbook.
- The bank's official website under the branch locator.
- The Reserve Bank of India's IFSC search portal.
- Net banking dashboards usually display the home-branch IFSC under account details.
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 Indapur branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC PUNB0954700, however, work 24x7.
Branch address & contact
Punjab National BankIndapur Branch
GROUND FLOOR GAT NO 19 2 A 1 OLD GATE NO 17 MH INDAP 413106
Indapur, Maharashtra
Phone: 11-23718172
IFSC: PUNB0954700
Frequently asked questions
Is IFSC PUNB0954700 valid for NEFT and RTGS?
Yes. IFSC PUNB0954700 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Where is Punjab National Bank Indapur branch located?
Punjab National Bank's Indapur branch is located at GROUND FLOOR GAT NO 19 2 A 1 OLD GATE NO 17 MH INDAP 413106, Indapur, Maharashtra.
Is IFSC PUNB0954700 the same for all accounts at Indapur branch?
Yes. The IFSC PUNB0954700 is shared by every account held at Punjab National Bank's Indapur branch. Only the account number changes from customer to customer.
How quickly will an NEFT transfer using PUNB0954700 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Punjab National Bank – Indapur reflect within 30 minutes.
How do I add Punjab National Bank Indapur as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC PUNB0954700, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the phone number of Punjab National Bank Indapur branch?
You can reach the branch at 11-23718172 during regular banking hours.
Does Punjab National Bank Indapur branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 11-23718172 to confirm.
What is the IFSC code of Punjab National Bank Indapur branch?
The IFSC code of Punjab National Bank, Indapur branch is PUNB0954700. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Final notes
To recap: PUNB0954700 is the IFSC code of Punjab National Bank, INDAPUR branch, in INDAPUR, MAHARASHTRA. 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.
