Punjab Gramin Bank IFSC And MICR Codes

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What is IFSC?
Indian Financial System Code (IFSC) is a unique 11-digit alphanumeric code which is used while we use online inter-bank money transfer facility in India via NEFT, RTGS and IMPS. IFSC code is always mentioned on the cheque leaf provided by the bank. Also, a person can find the IFSC code on the official website of the bank and the RBI. We have made is easier for our users to find IFSC of all banks at same page.
How to find Punjab Gramin Bank IFSC/MICR code?
You can search Punjab Gramin Bank IFSC codes by selecting Punjab Gramin Bank from first dropdown.
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Who assigns IFSC to banks and What is the formula to create IFSC?
The Reserve Bank of India (RBI) assigns the IFSC codes to the bank. The Formula which RBI uses to create IFSC is defined below –
What is MICR and How it is useful?
Magnetic Ink Character Recognition (MICR) Code consists of 9 digits, which is used to identify cheques. MICR code may differ for every customer and even for every branch. Below image display, how MICR is created.
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