Below are the complete branch details for Punjab National Bank, PANAJIGOA branch, located in PANAJI, GOA. The IFSC assigned by the Reserve Bank of India to this branch is PUNB0099220. 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 PUNB0099220 for Punjab National Bank – PANAJIGOA — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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 – PANAJIGOA is PUNB0099220. The first four letters PUNB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 099220 map to this branch in PANAJI, GOA.
About Punjab National Bank
Punjab National Bank operates a wide network of branches across India, including the Panajigoa branch in Panaji. 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, PUNB0099220.
Branch details at a glance
| Bank Name | Punjab National Bank |
|---|---|
| Branch | Panajigoa |
| IFSC Code | PUNB0099220 |
| MICR Code | Refer to cheque leaf |
| Branch Address | RUA HELLODORE SALGADO,PANAJI,GOA |
| City | Panaji |
| District | North Goa |
| State | Goa |
Panajigoa branch overview
Located at RUA HELLODORE SALGADO,PANAJI,GOA, the Panajigoa branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC PUNB0099220 is required for all interbank electronic transfers routed through this branch.
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 PANAJIGOA branch came to be assigned the code PUNB0099220.
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 PUNB0099220, money simply cannot be routed to the PANAJIGOA branch electronically.
Products and account variants supported
Every account opened at the Panajigoa branch is mapped to IFSC PUNB0099220 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 PUNB0099220.
Banking services available
The Panajigoa 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 PUNB0099220
How to transfer money using IFSC PUNB0099220
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 PUNB0099220 across all three.
How to use IFSC PUNB0099220 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Punjab National Bank's PANAJIGOA 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 PUNB0099220.
- Confirm the bank name auto-populates as Punjab National Bank and the branch as PANAJIGOA.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC PUNB0099220
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 – PANAJIGOA, ensure your bank's portal accepts IFSC PUNB0099220 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Punjab National Bank PANAJIGOA (IFSC PUNB0099220)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PUNB0099220 in your mobile or internet banking app, and the money is credited to the PANAJIGOA branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC PUNB0099220 for Punjab National Bank – PANAJIGOA, 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 – PUNB0099220 | Yes – PUNB0099220 | Yes – PUNB0099220 |
For most retail customers crediting the Panajigoa 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 PANAJIGOA branch, the IFSC PUNB0099220 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.
Digital banking channels
Most day-to-day work that customers used to do at the Panajigoa 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 PUNB0099220 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.
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 PUNB0099220 and the account number together uniquely identify the Panajigoa 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 PUNB0099220
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 – PANAJIGOA, 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:
PUNB0099220. - 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 Panajigoa branch sits at RUA HELLODORE SALGADO,PANAJI,GOA. If you are travelling from outside Panaji, search for the branch on a maps application using the bank name and locality, or call the branch contact number 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 PUNB0099220 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC PUNB0099220 for Punjab National Bank – PANAJIGOA, 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 Panajigoa branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC PUNB0099220, however, work 24x7.
Branch address & contact
Punjab National BankPanajigoa Branch
RUA HELLODORE SALGADO,PANAJI,GOA
Panaji, Goa
Phone: the branch contact number
IFSC: PUNB0099220
Frequently asked questions
Where is Punjab National Bank Panajigoa branch located?
Punjab National Bank's Panajigoa branch is located at RUA HELLODORE SALGADO,PANAJI,GOA, Panaji, Goa.
What is the IFSC code of Punjab National Bank Panajigoa branch?
The IFSC code of Punjab National Bank, Panajigoa branch is PUNB0099220. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Can I use IFSC PUNB0099220 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC PUNB0099220 to send funds instantly.
What is the phone number of Punjab National Bank Panajigoa branch?
You can reach the branch at the branch contact number during regular banking hours.
Is IFSC PUNB0099220 valid for NEFT and RTGS?
Yes. IFSC PUNB0099220 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Is IFSC PUNB0099220 the same for all accounts at Panajigoa branch?
Yes. The IFSC PUNB0099220 is shared by every account held at Punjab National Bank's Panajigoa branch. Only the account number changes from customer to customer.
How do I add Punjab National Bank Panajigoa as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC PUNB0099220, and complete OTP verification. Once activated, you can transfer funds at any time.
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 Panajigoa branch but serve different purposes.
Summary
The IFSC code PUNB0099220 belongs to Punjab National Bank's PANAJIGOA branch, located at RUA HELLODORE SALGADO,PANAJI,GOA in PANAJI, GOA. 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.
