This page lists the IFSC code, branch address, contact number and fund-transfer information for Punjab National Bank, BHANGROTU branch in MANDI. The 11-digit IFSC PUNB0986200 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 BHANGROTU 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 – BHANGROTU is PUNB0986200. The first four letters PUNB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 986200 map to this branch in MANDI, HIMACHAL PRADESH.
About Punjab National Bank
Punjab National Bank operates a wide network of branches across India, including the Bhangrotu branch in Mandi. 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, PUNB0986200.
Branch details at a glance
| Bank Name | Punjab National Bank |
|---|---|
| Branch | Bhangrotu |
| IFSC Code | PUNB0986200 |
| MICR Code | Refer to cheque leaf |
| Branch Address | PUNJAB NATIONAL BANK BHANGROTU BHNGR HIMACHAL PRADESH 175008 |
| City | Mandi |
| District | Mandi |
| State | Himachal Pradesh |
| Phone | 9418011970 |
About this branch
The branch is located at PUNJAB NATIONAL BANK BHANGROTU BHNGR HIMACHAL PRADESH 175008. It serves the Mandi 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 PUNB0986200 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 BHANGROTU branch came to be assigned the code PUNB0986200.
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 PUNB0986200, money simply cannot be routed to the BHANGROTU branch electronically.
Account types you can open at the Bhangrotu branch
Once you have an account at Punjab National Bank – BHANGROTU, the IFSC PUNB0986200 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.
Banking services available
The Bhangrotu branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 9418011970.
- 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 PUNB0986200
How to transfer money using IFSC PUNB0986200
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 PUNB0986200 across all three.
How to use IFSC PUNB0986200 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Punjab National Bank's BHANGROTU 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 PUNB0986200.
- Confirm the bank name auto-populates as Punjab National Bank and the branch as BHANGROTU.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC PUNB0986200
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 – BHANGROTU, ensure your bank's portal accepts IFSC PUNB0986200 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Punjab National Bank BHANGROTU (IFSC PUNB0986200)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PUNB0986200 in your mobile or internet banking app, and the money is credited to the BHANGROTU branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC PUNB0986200 for Punjab National Bank – BHANGROTU, 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 – PUNB0986200 | Yes – PUNB0986200 | Yes – PUNB0986200 |
For most retail customers crediting the Bhangrotu 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 PUNB0986200
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 – BHANGROTU is still mapped to IFSC PUNB0986200. 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 PUNB0986200 and the beneficiary's account number to complete the transfer.
Online banking and IFSC PUNB0986200
Punjab National Bank customers can register for net banking and the bank's official mobile app once their account at the BHANGROTU 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 PUNB0986200 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 PUNB0986200 and the account number together uniquely identify the Bhangrotu 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 PUNB0986200
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 – BHANGROTU, 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:
PUNB0986200. - 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 Bhangrotu branch sits at PUNJAB NATIONAL BANK BHANGROTU BHNGR HIMACHAL PRADESH 175008. If you are travelling from outside Mandi, search for the branch on a maps application using the bank name and locality, or call 9418011970 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 PUNB0986200 and your account number.
Verifying IFSC PUNB0986200 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 PUNB0986200 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 9418011970.
- 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 Bhangrotu branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC PUNB0986200, however, work 24x7.
Branch address & contact
Punjab National BankBhangrotu Branch
PUNJAB NATIONAL BANK BHANGROTU BHNGR HIMACHAL PRADESH 175008
Mandi, Himachal Pradesh
Phone: 9418011970
IFSC: PUNB0986200
Frequently asked questions
What is the IFSC code of Punjab National Bank Bhangrotu branch?
The IFSC code of Punjab National Bank, Bhangrotu branch is PUNB0986200. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Is IFSC PUNB0986200 the same for all accounts at Bhangrotu branch?
Yes. The IFSC PUNB0986200 is shared by every account held at Punjab National Bank's Bhangrotu branch. Only the account number changes from customer to customer.
Where is Punjab National Bank Bhangrotu branch located?
Punjab National Bank's Bhangrotu branch is located at PUNJAB NATIONAL BANK BHANGROTU BHNGR HIMACHAL PRADESH 175008, Mandi, Himachal Pradesh.
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 Bhangrotu branch but serve different purposes.
Is IFSC PUNB0986200 valid for NEFT and RTGS?
Yes. IFSC PUNB0986200 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How quickly will an NEFT transfer using PUNB0986200 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Punjab National Bank – Bhangrotu reflect within 30 minutes.
Can I use IFSC PUNB0986200 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC PUNB0986200 to send funds instantly.
How do I add Punjab National Bank Bhangrotu as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC PUNB0986200, and complete OTP verification. Once activated, you can transfer funds at any time.
Summary
The IFSC code PUNB0986200 belongs to Punjab National Bank's BHANGROTU branch, located at PUNJAB NATIONAL BANK BHANGROTU BHNGR HIMACHAL PRADESH 175008 in MANDI, HIMACHAL 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.
