Punjab National Bank
NAMKUM Branch
RBI Sourced
Official branch credentials for Punjab National Bank located in RANCHI, JHARKHAND.
The IFSC code for Punjab National Bank NAMKUM branch in RANCHI, JHARKHAND is PUNB0029420. This 11-character alphanumeric code is used by the Reserve Bank of India to identify bank branches for electronic fund transfers including NEFT, RTGS, and IMPS. Verify your transactions using this official RBI-compliant routing data.
Branch Intelligence
Branch Location Details: The registered address of Punjab National Bank NAMKUM is: NAMKUM,RANCHI, RANCHI, JHARKHAND, PIN: 831001. The IFSC code PUNB0029420 is decoded as: Bank Identifier — PUNB, Control Character — 0, Branch Code — 029420. This branch falls under the JHARKHAND banking jurisdiction and is regulated by the Reserve Bank of India. All transactions using IFSC PUNB0029420 are settled via the NPCI's Real-Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) platforms.
About Punjab National Bank — Branch Network & Background
Punjab National Bank was founded in 1894 and operates as a Public Sector institution. It maintains a network of 10,000+ branches across India, employing 1.0 Lakh+ banking professionals. The NAMKUM location in RANCHI is one of the active nodes in this national network, operating under RBI License and DICGC deposit insurance coverage up to ₹5,00,000.
Banking Infrastructure in JHARKHAND
JHARKHAND is ranked #16 in India by number of active bank branches, with over 4,900+ branch offices registered with the RBI. The state contributes a GDP of approximately ₹4.1 Lakh Cr to India's national economy, making it a significant banking jurisdiction. The financial capital of JHARKHAND is Ranchi, which hosts the regional banking hubs for most major scheduled banks. The branch's postal code 831001 places it within the JHARKHAND banking postal jurisdiction, ensuring all postal banking correspondences are routed through the correct sorting hub.
NEFT & RTGS Transfer Charges (2025–26)
When transferring funds to Punjab National Bank NAMKUM using IFSC PUNB0029420, the following RBI-mandated fee structure applies:
| Transfer Amount | NEFT Fee |
|---|---|
| Up to ₹10,000 | ₹2.50 + GST |
| ₹10,001 – ₹1,00,000 | ₹5.00 + GST |
| ₹1,00,001 – ₹2,00,000 | ₹15.00 + GST |
| Above ₹2,00,000 | ₹25.00 + GST |
| RTGS (Min ₹2,00,000) | ₹20–₹45 + GST (varies by amount & bank) |
* IMPS is free or charged up to ₹5/transaction depending on your bank. UPI transfers are free. Charges are indicative and may vary by bank.
Operating Status & Settlement Timings
As of today (04 Jun 2026), the operational status of the NAMKUM branch is as follows: The branch is currently CLOSED for counter transactions. However, all digital channels—including Net Banking, Mobile App, UPI, and ATM services—remain fully functional and available 24x7. Electronic transfers to this branch are settled per standard NPCI cycles: UPI & IMPS transactions are settled instantly (24x7x365). NEFT transactions are processed in half-hourly batches, and RTGS transfers (above ₹2 Lakh) are settled on a continuous, real-time basis.
Banking Data Matrix
Safety Tips & Guidelines
- • Always double-check the IFSC code before confirming any transfer
- • Cross-verify with your passbook or cheque book issued by Punjab National Bank
- • For first-time transfers, send a small test amount (₹1-₹10) first
- • Never share your OTP, PIN, or password with anyone claiming to be from Punjab National Bank
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How to Use IFSC Code PUNB0029420
Follow these step-by-step instructions to use the IFSC code PUNB0029420 for sending money to Punjab National Bank NAMKUM branch.
Send via NEFT
- Log into your Internet Banking or Mobile Banking app
- Go to Fund Transfer → Add Beneficiary
- Enter beneficiary name and account number at Punjab National Bank
- Enter IFSC Code: PUNB0029420
- Select NEFT as transfer mode, enter amount, and confirm
- Money reaches within 30 minutes to 2 hours (processed in batches)
Send via RTGS (₹2 Lakh+)
- Open your bank's net banking portal or mobile app
- Navigate to Fund Transfer → RTGS
- Add beneficiary with account number + IFSC: PUNB0029420
- Minimum transfer amount: ₹2,00,000
- Money is credited instantly in real-time (24x7 available)
Send via IMPS (Instant)
- Open your mobile banking app
- Select IMPS Transfer
- Enter beneficiary details with IFSC: PUNB0029420
- Maximum limit: ₹5,00,000 per transaction
- Transfer completes within seconds — available 24x7x365
- Always double-check the IFSC code before confirming any transfer
- Cross-verify with your passbook or cheque book issued by Punjab National Bank
- For first-time transfers, send a small test amount (₹1-₹10) first
- Never share your OTP, PIN, or password with anyone claiming to be from Punjab National Bank
About Punjab National Bank NAMKUM
Punjab National Bank NAMKUM branch is a fully operational banking facility located in RANCHI, JHARKHAND. Identified by the IFSC code PUNB0029420, this branch is part of the Reserve Bank of India's (RBI) payment and settlement infrastructure and participates in all major electronic clearing systems.
The branch code 029420 is unique to this specific location, while the prefix PUNB identifies Punjab National Bank across all its branches nationally. Customers can use this branch for account opening, fixed deposits, recurring deposits, personal loans, home loans, education loans, locker facilities, and all digital banking services including UPI, NEFT, RTGS, and IMPS.
For residents and businesses in RANCHI, this branch serves as a primary financial access point. All transactions are governed by RBI regulations, and deposits up to ₹5,00,000 are insured under the DICGC (Deposit Insurance and Credit Guarantee Corporation) framework. We recommend visiting during non-peak hours (11 AM - 1 PM) for faster service.
Frequently Asked Questions
Everything you need to know about Punjab National Bank NAMKUM branch in RANCHI.
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