IFSC Code of Rajasthan Gramin Bank, Punasa Branch, Rajasthan

Use this page as a one-stop reference for everything related to Rajasthan Gramin Bank's PUNASA branch in PUNASA, RAJASTHAN. The branch's IFSC code RMGB0000206 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.

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.

For Rajasthan Gramin Bank's PUNASA branch, the IFSC RMGB0000206 breaks down as follows: RMGB identifies the bank, 0 is the reserved character, and 000206 identifies this particular branch.

Bank profile

Rajasthan Gramin Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Punasa branch — IFSC RMGB0000206 — extends the bank's services to customers in and around Punasa, Rajasthan.

Branch details at a glance

About the Punasa branch

The Punasa branch of Rajasthan Gramin Bank is situated at NEAR BUS STAND, MATH, PUNASA. 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 RMGB0000206 is used.

Why every Rajasthan Gramin 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 PUNASA of Rajasthan Gramin Bank — its own 11-character IFSC. The code RMGB0000206 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 RMGB0000206 the same way you would treat your account number — verify it once and save it carefully for future use.

Products and account variants supported

Every account opened at the Punasa branch is mapped to IFSC RMGB0000206 on the RBI payments network. The branch generally supports the full retail product catalogue of Rajasthan Gramin 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 RMGB0000206.

Products and services

Customers walking into the Punasa branch can access most of Rajasthan Gramin Bank's standard product suite, including:

• Account opening – savings, current, NRI, salary
• Term deposits and recurring deposits
• Retail and small-business loans
• Insurance and mutual-fund tie-ups
• Locker, safe deposit and ATM card services
• Online and mobile banking activation
• Electronic transfers via IFSC RMGB0000206

How to transfer money using IFSC RMGB0000206

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 RMGB0000206 across all three.

NEFT to Rajasthan Gramin Bank, PUNASA using IFSC RMGB0000206

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 RMGB0000206, and confirm that the system picks up Rajasthan Gramin Bank – PUNASA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to PUNASA

If you need to transfer ₹2 lakh or more in one go to an account at Rajasthan Gramin Bank's PUNASA branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC RMGB0000206 while initiating the transfer and the credit will appear within minutes.

IMPS to Rajasthan Gramin Bank PUNASA (IFSC RMGB0000206)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC RMGB0000206 in your mobile or internet banking app, and the money is credited to the PUNASA branch account within seconds.

NEFT vs RTGS vs IMPS — which one should you use?

All three modes accept the IFSC RMGB0000206 for Rajasthan Gramin Bank – PUNASA, 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.

For most retail customers crediting the Punasa 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 RMGB0000206

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 Rajasthan Gramin Bank – PUNASA is still mapped to IFSC RMGB0000206. 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 RMGB0000206 and the beneficiary's account number to complete the transfer.

Online banking and IFSC RMGB0000206

Rajasthan Gramin Bank customers can register for net banking and the bank's official mobile app once their account at the PUNASA 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 RMGB0000206 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 Rajasthan Gramin Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC RMGB0000206 and the account number together uniquely identify the Punasa 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 RMGB0000206

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 Rajasthan Gramin Bank – PUNASA, 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: RMGB0000206.
• 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 Punasa branch sits at NEAR BUS STAND, MATH, PUNASA. If you are travelling from outside Punasa, 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 RMGB0000206 and your account number.

Verifying IFSC RMGB0000206 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 RMGB0000206 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.

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 Punasa branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC RMGB0000206, however, work 24x7.

Branch address & contact

Frequently asked questions

Summary

The IFSC code RMGB0000206 belongs to Rajasthan Gramin Bank's PUNASA branch, located at NEAR BUS STAND, MATH, PUNASA in PUNASA, 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.