Use this page as a one-stop reference for everything related to Punjab National Bank's SARASWATI NAGAR branch in JUBBAL, HIMACHAL PRADESH. The branch's IFSC code PUNB0982900 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 SARASWATI NAGAR branch, the IFSC PUNB0982900 breaks down as follows: PUNB identifies the bank, 0 is the reserved character, and 982900 identifies this particular branch.
Bank profile
Punjab National Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Saraswati Nagar branch — IFSC PUNB0982900 — extends the bank's services to customers in and around Jubbal, Himachal Pradesh.
About the Saraswati Nagar branch
The Saraswati Nagar branch of Punjab National Bank is situated at VILL SARASWATI NAGAR,POST OFFICE HATKOTI TEH JUBBAL DIST SHIMLA HATKO HIMACHAL PRADESH 171206. 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 PUNB0982900 is used.
Branch details at a glance
| Bank Name | Punjab National Bank |
|---|---|
| Branch | Saraswati Nagar |
| IFSC Code | PUNB0982900 |
| MICR Code | Refer to cheque leaf |
| Branch Address | VILL SARASWATI NAGAR,POST OFFICE HATKOTI TEH JUBBAL DIST SHIMLA HATKO HIMACHAL PRADESH 171206 |
| City | Jubbal |
| District | Simla |
| State | Himachal Pradesh |
| Phone | 7697323419 |
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 SARASWATI NAGAR branch came to be assigned the code PUNB0982900.
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 PUNB0982900, money simply cannot be routed to the SARASWATI NAGAR branch electronically.
MICR & cheque-truncation details
Cheques drawn on the Saraswati Nagar branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC PUNB0982900 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
How to transfer money using IFSC PUNB0982900
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 PUNB0982900 across all three.
How to use IFSC PUNB0982900 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Punjab National Bank's SARASWATI NAGAR 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 PUNB0982900.
- Confirm the bank name auto-populates as Punjab National Bank and the branch as SARASWATI NAGAR.
- 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 SARASWATI NAGAR
If you need to transfer ₹2 lakh or more in one go to an account at Punjab National Bank's SARASWATI NAGAR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PUNB0982900 while initiating the transfer and the credit will appear within minutes.
IMPS to Punjab National Bank SARASWATI NAGAR (IFSC PUNB0982900)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PUNB0982900 in your mobile or internet banking app, and the money is credited to the SARASWATI NAGAR branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC PUNB0982900 for Punjab National Bank – SARASWATI 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 – PUNB0982900 | Yes – PUNB0982900 | Yes – PUNB0982900 |
For most retail customers crediting the Saraswati 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.
UPI payments and IFSC PUNB0982900
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 – SARASWATI NAGAR is still mapped to IFSC PUNB0982900. 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 PUNB0982900 and the beneficiary's account number to complete the transfer.
Account types you can open at the Saraswati Nagar branch
Once you have an account at Punjab National Bank – SARASWATI NAGAR, the IFSC PUNB0982900 stays the same regardless of the type of account you hold. The branch typically supports the following options:
- Savings account — for individuals, with chequebook, ATM card and net-banking access.
- Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
- Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
- NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
- Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
- Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
- Minor and student accounts — operated jointly with a guardian until the customer turns 18.
Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.
Products and services
Customers walking into the Saraswati 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 PUNB0982900
Online banking and IFSC PUNB0982900
Punjab National Bank customers can register for net banking and the bank's official mobile app once their account at the SARASWATI NAGAR 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 PUNB0982900 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.
Reaching the branch
The Saraswati Nagar branch sits at VILL SARASWATI NAGAR,POST OFFICE HATKOTI TEH JUBBAL DIST SHIMLA HATKO HIMACHAL PRADESH 171206. If you are travelling from outside Jubbal, search for the branch on a maps application using the bank name and locality, or call 7697323419 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 PUNB0982900 and your account number.
Things to verify before sending money
Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Punjab National Bank – SARASWATI NAGAR:
- The IFSC is exactly PUNB0982900 with no extra spaces.
- The beneficiary's account number matches what they shared, digit for digit.
- The portal auto-fills Punjab National Bank as the bank name and SARASWATI NAGAR as the branch.
- The amount and the purpose of payment are correct.
- You have a valid OTP-verifying mobile number on hand.
A 30-second review here saves hours of reconciliation later.
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 Saraswati Nagar branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC PUNB0982900, however, work 24x7.
Verifying IFSC PUNB0982900 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 PUNB0982900 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 7697323419.
- Visiting the bank's official branch locator page.
Branch address & contact
Punjab National BankSaraswati Nagar Branch
VILL SARASWATI NAGAR,POST OFFICE HATKOTI TEH JUBBAL DIST SHIMLA HATKO HIMACHAL PRADESH 171206
Jubbal, Himachal Pradesh
Phone: 7697323419
IFSC: PUNB0982900
Frequently asked questions
What is the IFSC code of Punjab National Bank Saraswati Nagar branch?
The IFSC code of Punjab National Bank, Saraswati Nagar branch is PUNB0982900. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
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 Saraswati Nagar branch but serve different purposes.
Is IFSC PUNB0982900 the same for all accounts at Saraswati Nagar branch?
Yes. The IFSC PUNB0982900 is shared by every account held at Punjab National Bank's Saraswati Nagar branch. Only the account number changes from customer to customer.
What is the phone number of Punjab National Bank Saraswati Nagar branch?
You can reach the branch at 7697323419 during regular banking hours.
How do I add Punjab National Bank Saraswati Nagar as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC PUNB0982900, and complete OTP verification. Once activated, you can transfer funds at any time.
How quickly will an NEFT transfer using PUNB0982900 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Punjab National Bank – Saraswati Nagar reflect within 30 minutes.
Is IFSC PUNB0982900 valid for NEFT and RTGS?
Yes. IFSC PUNB0982900 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Final notes
To recap: PUNB0982900 is the IFSC code of Punjab National Bank, SARASWATI NAGAR branch, in JUBBAL, HIMACHAL PRADESH. 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.
