This page lists the IFSC code, branch address, contact number and fund-transfer information for Punjab National Bank, JAGRAON GRAIN MARKET, DISTT. L branch in JAGRAON-PUNJAB. The 11-digit IFSC PUNB0180500 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with Punjab National Bank at the JAGRAON GRAIN MARKET, DISTT. L location, this is the only IFSC you need.
We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this branch.
The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.
The IFSC for Punjab National Bank – JAGRAON GRAIN MARKET, DISTT. L is PUNB0180500. The first four letters PUNB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 180500 map to this branch in JAGRAON-PUNJAB, PUNJAB.
Branch details at a glance
| Bank Name | Punjab National Bank |
|---|---|
| Branch | Jagraon Grain Market, Distt. L |
| IFSC Code | PUNB0180500 |
| MICR Code | Refer to cheque leaf |
| Branch Address | L R RD |
| City | Jagraon-Punjab |
| District | Jagraon |
| State | Punjab |
About the bank
Punjab National Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Jagraon Grain Market, Distt. L branch in Jagraon-Punjab, Punjab is part of this network and uses the IFSC code PUNB0180500 for all electronic settlement.
About this branch
The branch is located at L R RD. It serves the Jagraon-Punjab 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 PUNB0180500 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 JAGRAON GRAIN MARKET, DISTT. L branch came to be assigned the code PUNB0180500.
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 PUNB0180500, money simply cannot be routed to the JAGRAON GRAIN MARKET, DISTT. L branch electronically.
How to transfer money using IFSC PUNB0180500
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 PUNB0180500 across all three.
NEFT to Punjab National Bank, JAGRAON GRAIN MARKET, DISTT. L using IFSC PUNB0180500
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 PUNB0180500, and confirm that the system picks up Punjab National Bank – JAGRAON GRAIN MARKET, DISTT. L. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC PUNB0180500
RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Punjab National Bank – JAGRAON GRAIN MARKET, DISTT. L, ensure your bank's portal accepts IFSC PUNB0180500 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Punjab National Bank JAGRAON GRAIN MARKET, DISTT. L (IFSC PUNB0180500)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PUNB0180500 in your mobile or internet banking app, and the money is credited to the JAGRAON GRAIN MARKET, DISTT. L branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC PUNB0180500 for Punjab National Bank – JAGRAON GRAIN MARKET, DISTT. L, 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 – PUNB0180500 | Yes – PUNB0180500 | Yes – PUNB0180500 |
For most retail customers crediting the Jagraon Grain Market, Distt. L 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 PUNB0180500
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 – JAGRAON GRAIN MARKET, DISTT. L is still mapped to IFSC PUNB0180500. 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 PUNB0180500 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Jagraon Grain Market, Distt. L branch is mapped to IFSC PUNB0180500 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 PUNB0180500.
Products and services
Customers walking into the Jagraon Grain Market, Distt. L 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 PUNB0180500
MICR & cheque-truncation details
Cheques drawn on the Jagraon Grain Market, Distt. L branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC PUNB0180500 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Online banking and IFSC PUNB0180500
Punjab National Bank customers can register for net banking and the bank's official mobile app once their account at the JAGRAON GRAIN MARKET, DISTT. L 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 PUNB0180500 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 PUNB0180500
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 – JAGRAON GRAIN MARKET, DISTT. L, 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:
PUNB0180500. - 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.
Reaching the branch
The Jagraon Grain Market, Distt. L branch sits at L R RD. If you are travelling from outside Jagraon-Punjab, search for the branch on a maps application using the bank name and locality, or call the branch contact number to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC PUNB0180500 and your account number.
Verifying IFSC PUNB0180500 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 PUNB0180500 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 Jagraon Grain Market, Distt. L branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC PUNB0180500, however, work 24x7.
Branch address & contact
Punjab National BankJagraon Grain Market, Distt. L Branch
L R RD
Jagraon-Punjab, Punjab
Phone: the branch contact number
IFSC: PUNB0180500
Frequently asked questions
Can I use IFSC PUNB0180500 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC PUNB0180500 to send funds instantly.
Is IFSC PUNB0180500 the same for all accounts at Jagraon Grain Market, Distt. L branch?
Yes. The IFSC PUNB0180500 is shared by every account held at Punjab National Bank's Jagraon Grain Market, Distt. L branch. Only the account number changes from customer to customer.
Where is Punjab National Bank Jagraon Grain Market, Distt. L branch located?
Punjab National Bank's Jagraon Grain Market, Distt. L branch is located at L R RD, Jagraon-Punjab, Punjab.
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 Jagraon Grain Market, Distt. L branch but serve different purposes.
How do I add Punjab National Bank Jagraon Grain Market, Distt. L as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC PUNB0180500, and complete OTP verification. Once activated, you can transfer funds at any time.
Does Punjab National Bank Jagraon Grain Market, Distt. L branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on the branch contact number to confirm.
How quickly will an NEFT transfer using PUNB0180500 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Punjab National Bank – Jagraon Grain Market, Distt. L reflect within 30 minutes.
Is IFSC PUNB0180500 valid for NEFT and RTGS?
Yes. IFSC PUNB0180500 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Final notes
To recap: PUNB0180500 is the IFSC code of Punjab National Bank, JAGRAON GRAIN MARKET, DISTT. L branch, in JAGRAON-PUNJAB, PUNJAB. 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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