If you are searching for the IFSC code of Punjab National Bank, SIDDIPET branch in SIDDIPET, TELANGANA, this page has every detail you need. The verified IFSC code for this branch is PUNB0590000. 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 SIDDIPET branch, and detailed step-by-step guides for using the IFSC PUNB0590000 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, PUNB0590000 is the IFSC of Punjab National Bank's SIDDIPET branch. The format is fixed: PUNB = bank code, 0 = reserved, 590000 = branch identifier.
About Punjab National Bank
Punjab National Bank operates a wide network of branches across India, including the Siddipet branch in Siddipet. 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, PUNB0590000.
About this branch
The branch is located at H NO 43 MIG 2 HOUSING BOARD COLONEY PH IV SIDDIPET MEDAK DIST TELANGANA 502103. It serves the Siddipet 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 PUNB0590000 is used to identify this branch on the RBI payments network.
Branch details at a glance
| Bank Name | Punjab National Bank |
|---|---|
| Branch | Siddipet |
| IFSC Code | PUNB0590000 |
| MICR Code | Refer to cheque leaf |
| Branch Address | H NO 43 MIG 2 HOUSING BOARD COLONEY PH IV SIDDIPET MEDAK DIST TELANGANA 502103 |
| City | Siddipet |
| District | Medak |
| State | Telangana |
| Phone | 9032600759 |
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 SIDDIPET branch came to be assigned the code PUNB0590000.
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 PUNB0590000, money simply cannot be routed to the SIDDIPET branch electronically.
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 PUNB0590000 and the account number together uniquely identify the Siddipet branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC PUNB0590000
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 PUNB0590000 across all three.
NEFT to Punjab National Bank, SIDDIPET using IFSC PUNB0590000
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 PUNB0590000, and confirm that the system picks up Punjab National Bank – SIDDIPET. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC PUNB0590000
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 – SIDDIPET, ensure your bank's portal accepts IFSC PUNB0590000 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Punjab National Bank SIDDIPET (IFSC PUNB0590000)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PUNB0590000 in your mobile or internet banking app, and the money is credited to the SIDDIPET branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Siddipet
The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC PUNB0590000:
- NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
- RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
- IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
- UPI — best for small peer-to-peer payments using a VPA; the underlying account at SIDDIPET is still linked to IFSC PUNB0590000.
For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.
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 SIDDIPET branch, the IFSC PUNB0590000 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 Siddipet branch is mapped to IFSC PUNB0590000 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 PUNB0590000.
Banking services available
The Siddipet branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 9032600759.
- 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 PUNB0590000
Digital banking channels
Most day-to-day work that customers used to do at the Siddipet 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 PUNB0590000 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.
How to reach the Siddipet branch
The branch is located at H NO 43 MIG 2 HOUSING BOARD COLONEY PH IV SIDDIPET MEDAK DIST TELANGANA 502103, which puts it inside Siddipet, the broader Medak district, and the state of Telangana. To plan your visit:
- Open Google Maps on your phone and search for “Punjab National Bank Siddipet branch” — the verified location pin for IFSC PUNB0590000 should appear at the top of the results.
- Confirm the branch is open by calling 9032600759 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 PUNB0590000 and your account number.
Common mistakes to avoid when using IFSC PUNB0590000
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 – SIDDIPET, 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:
PUNB0590000. - 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.
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 Siddipet branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC PUNB0590000, however, work 24x7.
Other ways to verify the IFSC code
While this page already lists the verified IFSC PUNB0590000 for Punjab National Bank – SIDDIPET, 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 address & contact
Punjab National BankSiddipet Branch
H NO 43 MIG 2 HOUSING BOARD COLONEY PH IV SIDDIPET MEDAK DIST TELANGANA 502103
Siddipet, Telangana
Phone: 9032600759
IFSC: PUNB0590000
Frequently asked questions
How quickly will an NEFT transfer using PUNB0590000 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Punjab National Bank – Siddipet reflect within 30 minutes.
How do I add Punjab National Bank Siddipet as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC PUNB0590000, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the IFSC code of Punjab National Bank Siddipet branch?
The IFSC code of Punjab National Bank, Siddipet branch is PUNB0590000. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Is IFSC PUNB0590000 valid for NEFT and RTGS?
Yes. IFSC PUNB0590000 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 Siddipet branch but serve different purposes.
Where is Punjab National Bank Siddipet branch located?
Punjab National Bank's Siddipet branch is located at H NO 43 MIG 2 HOUSING BOARD COLONEY PH IV SIDDIPET MEDAK DIST TELANGANA 502103, Siddipet, Telangana.
Does Punjab National Bank Siddipet branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 9032600759 to confirm.
Is IFSC PUNB0590000 the same for all accounts at Siddipet branch?
Yes. The IFSC PUNB0590000 is shared by every account held at Punjab National Bank's Siddipet branch. Only the account number changes from customer to customer.
Summary
The IFSC code PUNB0590000 belongs to Punjab National Bank's SIDDIPET branch, located at H NO 43 MIG 2 HOUSING BOARD COLONEY PH IV SIDDIPET MEDAK DIST TELANGANA 502103 in SIDDIPET, TELANGANA. 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.
