Use this page as a one-stop reference for everything related to Punjab National Bank's MEMARI branch in MEMARI, WEST BENGAL. The branch's IFSC code PUNB0020920 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.
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 – MEMARI is PUNB0020920. The first four letters PUNB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 020920 map to this branch in MEMARI, WEST BENGAL.
About Punjab National Bank
Punjab National Bank operates a wide network of branches across India, including the Memari branch in Memari. 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, PUNB0020920.
Branch details at a glance
| Bank Name | Punjab National Bank |
|---|---|
| Branch | Memari |
| IFSC Code | PUNB0020920 |
| MICR Code | Refer to cheque leaf |
| Branch Address | CHAK DIGHI MORE,BURDWAN |
| City | Memari |
| District | Bardhaman |
| State | West Bengal |
About the Memari branch
The Memari branch of Punjab National Bank is situated at CHAK DIGHI MORE,BURDWAN. 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 PUNB0020920 is used.
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 MEMARI branch came to be assigned the code PUNB0020920.
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 PUNB0020920, money simply cannot be routed to the MEMARI branch electronically.
Account types you can open at the Memari branch
Once you have an account at Punjab National Bank – MEMARI, the IFSC PUNB0020920 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 Memari branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on the branch contact number.
- 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 PUNB0020920
How to transfer money using IFSC PUNB0020920
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 PUNB0020920 across all three.
How to use IFSC PUNB0020920 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Punjab National Bank's MEMARI 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 PUNB0020920.
- Confirm the bank name auto-populates as Punjab National Bank and the branch as MEMARI.
- 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 MEMARI
If you need to transfer ₹2 lakh or more in one go to an account at Punjab National Bank's MEMARI branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PUNB0020920 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 – MEMARI, use IMPS. With IFSC PUNB0020920 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 PUNB0020920 for Punjab National Bank – MEMARI, 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 – PUNB0020920 | Yes – PUNB0020920 | Yes – PUNB0020920 |
For most retail customers crediting the Memari 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 PUNB0020920
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 – MEMARI is still mapped to IFSC PUNB0020920. 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 PUNB0020920 and the beneficiary's account number to complete the transfer.
Online banking and IFSC PUNB0020920
Punjab National Bank customers can register for net banking and the bank's official mobile app once their account at the MEMARI 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 PUNB0020920 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 PUNB0020920 and the account number together uniquely identify the Memari branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
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 – MEMARI:
- The IFSC is exactly PUNB0020920 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 MEMARI 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 Memari branch
The branch is located at CHAK DIGHI MORE,BURDWAN, which puts it inside Memari, the broader Bardhaman district, and the state of West Bengal. To plan your visit:
- Open Google Maps on your phone and search for “Punjab National Bank Memari branch” — the verified location pin for IFSC PUNB0020920 should appear at the top of the results.
- Confirm the branch is open by calling the branch contact number 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 PUNB0020920 and your account number.
Verifying IFSC PUNB0020920 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 PUNB0020920 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.
Working hours
Branch counters at Memari are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to PUNB0020920 continue to work without interruption.
Branch address & contact
Punjab National BankMemari Branch
CHAK DIGHI MORE,BURDWAN
Memari, West Bengal
Phone: the branch contact number
IFSC: PUNB0020920
Frequently asked questions
What is the IFSC code of Punjab National Bank Memari branch?
The IFSC code of Punjab National Bank, Memari branch is PUNB0020920. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Is IFSC PUNB0020920 the same for all accounts at Memari branch?
Yes. The IFSC PUNB0020920 is shared by every account held at Punjab National Bank's Memari branch. Only the account number changes from customer to customer.
How quickly will an NEFT transfer using PUNB0020920 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Punjab National Bank – Memari reflect within 30 minutes.
Does Punjab National Bank Memari branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on the branch contact number to confirm.
What is the phone number of Punjab National Bank Memari branch?
You can reach the branch at the branch contact number during regular banking hours.
How do I add Punjab National Bank Memari as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC PUNB0020920, and complete OTP verification. Once activated, you can transfer funds at any time.
Final notes
To recap: PUNB0020920 is the IFSC code of Punjab National Bank, MEMARI branch, in MEMARI, WEST BENGAL. 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.
