ifsc code for PUNJAB NATIONAL BANK KERALA is Indian Financial System Code, an alphanumeric code.

There are two main Electronic Funds Settlement Systems in India: the Real Time Gross Settlement (RTGS) and the National Electronic Funds Transfer (NEFT) Systems. Ifsc is a unique code for every indian bank branch. IFSC for PUNJAB NATIONAL BANK KERALA is an 11-character code.The first four alphabetic characters defines the bank name, and the last six characters (usually numeric, but can be alphabetic) defines the branch. The fifth character is 0 (zero) and reserved for future use. IFSC Code for PUNJAB NATIONAL BANK KERALA is used by the NEFT & RTGS systems to route the messages to the destination banks/branches. Your bank branch ifsc is available with your branch. It is also printed on your checkbook .

How to use your ifsc code for PUNJAB NATIONAL BANK KERALA to do RTGS??

RTGS stands for Real Time Gross Settlement. RTGS for PUNJAB NATIONAL BANK KERALA works with bank to bank fund transfer as 'real time' and 'gross' payments. RTGS for PUNJAB NATIONAL BANK KERALA is maintained and controlled by reserve bank of India directly. It is the fastest fund transfer method available. Means the fund transfer takes place for one to one basis without bouncing. And the record is kept directly to rbi books means it is final and irrevocable. The charges for RTGS are as per RBI rules and it changes as on time to time basis. To do RTGS it is mandatory to provide your ifsc code for PUNJAB NATIONAL BANK KERALA while doing transaction.

How to use your ifsc for PUNJAB NATIONAL BANK KERALA to do NEFT??

NEFT stands for National Electronic Fund Transfer. NEFT was started in November-2005. NEFT for PUNJAB NATIONAL BANK KERALA is a nation wide system that enables individuals , corporate and organisation to transfer funds electronically to any other individuals, corporates and organisation having account in any other bank branch in other bank in India. While you do real time transfer with RTGS , NEFT is not real time but hourly process that makes it faster. While you do neft with PUNJAB NATIONAL BANK KERALA the other branch will be given electronic message. As you do NEFT electronically , it is mandatory to provide your ifsc code for PUNJAB NATIONAL BANK KERALA while doing transaction.

Other uses of your IFSC for PUNJAB NATIONAL BANK KERALA,

The LPG subsidy using PAHAL is done using your IFSC. The other subsidy by government of INDIA is done using your AADHAR and Bank Account. And to link your account in PUNJAB NATIONAL BANK KERALA to AADHAR , It is mandatory to provide your IFSC code for PUNJAB NATIONAL BANK KERALA.