This page lists the IFSC code, branch address, contact number and fund-transfer information for Punjab National Bank, MANDSAUR branch in MANDSAUR. The 11-digit IFSC PUNB0217520 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 MANDSAUR 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.
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, PUNB0217520 is the IFSC of Punjab National Bank's MANDSAUR branch. The format is fixed: PUNB = bank code, 0 = reserved, 217520 = branch identifier.
Branch details at a glance
| Bank Name | Punjab National Bank |
|---|---|
| Branch | Mandsaur |
| IFSC Code | PUNB0217520 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 15, GOL CHOURAHA CHOWK, MANDSAUR, MADHYA PRADESH, PIN - 458001 |
| City | Mandsaur |
| District | Mandsaur |
| State | Madhya Pradesh |
| STD Code | 7422 |
| Phone | 244376 |
About the bank
Punjab National Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Mandsaur branch in Mandsaur, Madhya Pradesh is part of this network and uses the IFSC code PUNB0217520 for all electronic settlement.
About the Mandsaur branch
The Mandsaur branch of Punjab National Bank is situated at 15, GOL CHOURAHA CHOWK, MANDSAUR, MADHYA PRADESH, PIN - 458001. 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 PUNB0217520 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 MANDSAUR of Punjab National Bank — its own 11-character IFSC. The code PUNB0217520 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 PUNB0217520 the same way you would treat your account number — verify it once and save it carefully for future use.
How to transfer money using IFSC PUNB0217520
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 PUNB0217520 across all three.
NEFT to Punjab National Bank, MANDSAUR using IFSC PUNB0217520
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 PUNB0217520, and confirm that the system picks up Punjab National Bank – MANDSAUR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC PUNB0217520
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 – MANDSAUR, ensure your bank's portal accepts IFSC PUNB0217520 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Punjab National Bank – MANDSAUR, use IMPS. With IFSC PUNB0217520 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 PUNB0217520 for Punjab National Bank – MANDSAUR, 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 – PUNB0217520 | Yes – PUNB0217520 | Yes – PUNB0217520 |
For most retail customers crediting the Mandsaur 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.
How UPI relates to the IFSC code
UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Punjab National Bank's MANDSAUR branch, the IFSC PUNB0217520 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.
That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.
Products and account variants supported
Every account opened at the Mandsaur branch is mapped to IFSC PUNB0217520 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 PUNB0217520.
Banking services available
The Mandsaur branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 7422-244376.
- 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 PUNB0217520
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 PUNB0217520 and the account number together uniquely identify the Mandsaur branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Digital banking channels
Most day-to-day work that customers used to do at the Mandsaur 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 PUNB0217520 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.
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 – MANDSAUR:
- The IFSC is exactly PUNB0217520 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 MANDSAUR 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.
How to reach the Mandsaur branch
The branch is located at 15, GOL CHOURAHA CHOWK, MANDSAUR, MADHYA PRADESH, PIN - 458001, which puts it inside Mandsaur, the broader Mandsaur district, and the state of Madhya Pradesh. To plan your visit:
- Open Google Maps on your phone and search for “Punjab National Bank Mandsaur branch” — the verified location pin for IFSC PUNB0217520 should appear at the top of the results.
- Confirm the branch is open by calling 7422-244376 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 PUNB0217520 and your account number.
Verifying IFSC PUNB0217520 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 PUNB0217520 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 7422-244376.
- 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 Mandsaur branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC PUNB0217520, however, work 24x7.
Branch address & contact
Punjab National BankMandsaur Branch
15, GOL CHOURAHA CHOWK, MANDSAUR, MADHYA PRADESH, PIN - 458001
Mandsaur, Madhya Pradesh
Phone: 7422-244376
IFSC: PUNB0217520
Frequently asked questions
Can I use IFSC PUNB0217520 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC PUNB0217520 to send funds instantly.
Is IFSC PUNB0217520 valid for NEFT and RTGS?
Yes. IFSC PUNB0217520 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 Mandsaur branch but serve different purposes.
How quickly will an NEFT transfer using PUNB0217520 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Punjab National Bank – Mandsaur reflect within 30 minutes.
What is the IFSC code of Punjab National Bank Mandsaur branch?
The IFSC code of Punjab National Bank, Mandsaur branch is PUNB0217520. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
What is the phone number of Punjab National Bank Mandsaur branch?
You can reach the branch at 7422-244376 during regular banking hours.
Summary
The IFSC code PUNB0217520 belongs to Punjab National Bank's MANDSAUR branch, located at 15, GOL CHOURAHA CHOWK, MANDSAUR, MADHYA PRADESH, PIN - 458001 in MANDSAUR, MADHYA 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.
