Below are the complete branch details for Punjab National Bank, BASAR branch, located in LEPARADA, ANDHRA PRADESH. The IFSC assigned by the Reserve Bank of India to this branch is PUNB0959800. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.
The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case PUNB0959800 for Punjab National Bank – BASAR — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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 BASAR branch, the IFSC PUNB0959800 breaks down as follows: PUNB identifies the bank, 0 is the reserved character, and 959800 identifies this particular branch.
About Punjab National Bank
Punjab National Bank operates a wide network of branches across India, including the Basar branch in Leparada. 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, PUNB0959800.
Branch details at a glance
| Bank Name | Punjab National Bank |
|---|---|
| Branch | Basar |
| IFSC Code | PUNB0959800 |
| MICR Code | Refer to cheque leaf |
| Branch Address | PNB BASAR BRANCH GROUND FLOOR KAMDAK COMMERICAL COMPLEX |
| City | Leparada |
| District | Leparada |
| State | Andhra Pradesh |
| STD Code | 11 |
| Phone | 23718172 |
About the Basar branch
The Basar branch of Punjab National Bank is situated at PNB BASAR BRANCH GROUND FLOOR KAMDAK COMMERICAL COMPLEX. 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 PUNB0959800 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 BASAR of Punjab National Bank — its own 11-character IFSC. The code PUNB0959800 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 PUNB0959800 the same way you would treat your account number — verify it once and save it carefully for future use.
Products and account variants supported
Every account opened at the Basar branch is mapped to IFSC PUNB0959800 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 PUNB0959800.
Banking services available
The Basar 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 PUNB0959800
How to transfer money using IFSC PUNB0959800
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 PUNB0959800 across all three.
NEFT to Punjab National Bank, BASAR using IFSC PUNB0959800
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 PUNB0959800, and confirm that the system picks up Punjab National Bank – BASAR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to BASAR
If you need to transfer ₹2 lakh or more in one go to an account at Punjab National Bank's BASAR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PUNB0959800 while initiating the transfer and the credit will appear within minutes.
Send money instantly through IMPS
For a real-time, anytime transfer to Punjab National Bank – BASAR, use IMPS. With IFSC PUNB0959800 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC PUNB0959800 for Punjab National Bank – BASAR, 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 – PUNB0959800 | Yes – PUNB0959800 | Yes – PUNB0959800 |
For most retail customers crediting the Basar 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 PUNB0959800
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 – BASAR is still mapped to IFSC PUNB0959800. 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 PUNB0959800 and the beneficiary's account number to complete the transfer.
Online banking and IFSC PUNB0959800
Punjab National Bank customers can register for net banking and the bank's official mobile app once their account at the BASAR 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 PUNB0959800 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.
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 PUNB0959800 and the account number together uniquely identify the Basar branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Common mistakes to avoid when using IFSC PUNB0959800
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 – BASAR, 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:
PUNB0959800. - 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 Basar branch
The branch is located at PNB BASAR BRANCH GROUND FLOOR KAMDAK COMMERICAL COMPLEX, which puts it inside Leparada, the broader Leparada district, and the state of Andhra Pradesh. To plan your visit:
- Open Google Maps on your phone and search for “Punjab National Bank Basar branch” — the verified location pin for IFSC PUNB0959800 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 PUNB0959800 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC PUNB0959800 for Punjab National Bank – BASAR, 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 Basar branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC PUNB0959800, however, work 24x7.
Branch address & contact
Punjab National BankBasar Branch
PNB BASAR BRANCH GROUND FLOOR KAMDAK COMMERICAL COMPLEX
Leparada, Andhra Pradesh
Phone: 11-23718172
IFSC: PUNB0959800
Frequently asked questions
Is IFSC PUNB0959800 the same for all accounts at Basar branch?
Yes. The IFSC PUNB0959800 is shared by every account held at Punjab National Bank's Basar branch. Only the account number changes from customer to customer.
Can I use IFSC PUNB0959800 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC PUNB0959800 to send funds instantly.
What is the IFSC code of Punjab National Bank Basar branch?
The IFSC code of Punjab National Bank, Basar branch is PUNB0959800. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
What is the phone number of Punjab National Bank Basar branch?
You can reach the branch at 11-23718172 during regular banking hours.
How quickly will an NEFT transfer using PUNB0959800 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Punjab National Bank – Basar reflect within 30 minutes.
Does Punjab National Bank Basar branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 11-23718172 to confirm.
Is IFSC PUNB0959800 valid for NEFT and RTGS?
Yes. IFSC PUNB0959800 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 Basar branch but serve different purposes.
Summary
The IFSC code PUNB0959800 belongs to Punjab National Bank's BASAR branch, located at PNB BASAR BRANCH GROUND FLOOR KAMDAK COMMERICAL COMPLEX in LEPARADA, ANDHRA PRADESH. 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.
