If you are searching for the IFSC code of Punjab National Bank, BALODA BAZAR branch in RAIPUR, RAJASTHAN, this page has every detail you need. The verified IFSC code for this branch is PUNB0200120. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.
You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the BALODA BAZAR branch, and detailed step-by-step guides for using the IFSC PUNB0200120 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular 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, PUNB0200120 is the IFSC of Punjab National Bank's BALODA BAZAR branch. The format is fixed: PUNB = bank code, 0 = reserved, 200120 = branch identifier.
Branch details at a glance
| Bank Name | Punjab National Bank |
|---|---|
| Branch | Baloda Bazar |
| IFSC Code | PUNB0200120 |
| MICR Code | Refer to cheque leaf |
| Branch Address | BALODA BAZAR, |
| City | Raipur |
| District | Raipur |
| State | Rajasthan |
About the bank
Punjab National Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Baloda Bazar branch in Raipur, Rajasthan is part of this network and uses the IFSC code PUNB0200120 for all electronic settlement.
Baloda Bazar branch overview
Located at BALODA BAZAR,, the Baloda Bazar branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC PUNB0200120 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 BALODA BAZAR branch came to be assigned the code PUNB0200120.
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 PUNB0200120, money simply cannot be routed to the BALODA BAZAR branch electronically.
How to transfer money using IFSC PUNB0200120
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 PUNB0200120 across all three.
NEFT to Punjab National Bank, BALODA BAZAR using IFSC PUNB0200120
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 PUNB0200120, and confirm that the system picks up Punjab National Bank – BALODA BAZAR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC PUNB0200120
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 – BALODA BAZAR, ensure your bank's portal accepts IFSC PUNB0200120 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Punjab National Bank – BALODA BAZAR, use IMPS. With IFSC PUNB0200120 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 PUNB0200120 for Punjab National Bank – BALODA BAZAR, 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 – PUNB0200120 | Yes – PUNB0200120 | Yes – PUNB0200120 |
For most retail customers crediting the Baloda Bazar 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 PUNB0200120
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 – BALODA BAZAR is still mapped to IFSC PUNB0200120. 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 PUNB0200120 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Baloda Bazar branch is mapped to IFSC PUNB0200120 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 PUNB0200120.
Banking services available
The Baloda Bazar 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 PUNB0200120
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 PUNB0200120 and the account number together uniquely identify the Baloda Bazar 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 Baloda Bazar 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 PUNB0200120 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 – BALODA BAZAR:
- The IFSC is exactly PUNB0200120 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 BALODA BAZAR 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 Baloda Bazar branch
The branch is located at BALODA BAZAR,, which puts it inside Raipur, the broader Raipur district, and the state of Rajasthan. To plan your visit:
- Open Google Maps on your phone and search for “Punjab National Bank Baloda Bazar branch” — the verified location pin for IFSC PUNB0200120 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 PUNB0200120 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC PUNB0200120 for Punjab National Bank – BALODA BAZAR, 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.
Working hours
Branch counters at Baloda Bazar 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 PUNB0200120 continue to work without interruption.
Branch address & contact
Punjab National BankBaloda Bazar Branch
BALODA BAZAR,
Raipur, Rajasthan
Phone: the branch contact number
IFSC: PUNB0200120
Frequently asked questions
What is the phone number of Punjab National Bank Baloda Bazar branch?
You can reach the branch at the branch contact number during regular banking hours.
Where is Punjab National Bank Baloda Bazar branch located?
Punjab National Bank's Baloda Bazar branch is located at BALODA BAZAR,, Raipur, Rajasthan.
Can I use IFSC PUNB0200120 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC PUNB0200120 to send funds instantly.
What is the IFSC code of Punjab National Bank Baloda Bazar branch?
The IFSC code of Punjab National Bank, Baloda Bazar branch is PUNB0200120. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
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 Baloda Bazar branch but serve different purposes.
How quickly will an NEFT transfer using PUNB0200120 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Punjab National Bank – Baloda Bazar reflect within 30 minutes.
Is IFSC PUNB0200120 the same for all accounts at Baloda Bazar branch?
Yes. The IFSC PUNB0200120 is shared by every account held at Punjab National Bank's Baloda Bazar branch. Only the account number changes from customer to customer.
How do I add Punjab National Bank Baloda Bazar as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC PUNB0200120, and complete OTP verification. Once activated, you can transfer funds at any time.
Summary
The IFSC code PUNB0200120 belongs to Punjab National Bank's BALODA BAZAR branch, located at BALODA BAZAR, in RAIPUR, RAJASTHAN. 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.
