Punjab And Maharashtra Co Operative Bank IFSC Code and MICR Code

Find Punjab And Maharashtra Co Operative Bank IFSC Code, MICR Code and branch details for NEFT, RTGS & IMPS transactions.

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Punjab And Maharashtra Co Operative Bank IFSC Code, MICR Code and SWIFT Code

In India, a major part of the population has started taking advantage of digital banking. IFSC code plays a crucial part in the fast transactions of online banking. The Punjab and Maharashtra Co-operative Bank IFSC code is also used for the same purpose. 

The Reserve Bank of India has initiated the system of the Indian Financial System Code. Banks use it for the identification of various bank branches irrespective of their location. The IFSC code, hence, helps in smooth transactions of money transfers. 

When we hear about online money transfer, the three most important terms that come to our mind are- NEFT, RTGS, and IMPS. All of these fund transfer modes will be useless without the IFSC code. Hence, knowing these codes is vital for us. 

Another banking code that is equally important is the MICR code. The purpose of the MICR code is quite the same as the IFSC, which is to locate bank branches. The primary difference lies in the way both the codes are used. 

We use the IFSC code for online transfer, whereas we use the MICR code for paper-based documents like cheque clearance. We will throw light on both the codes and various fund transfer systems through the article, so continue reading. 

Punjab and Maharashtra Co-operative Bank IFSC Code


We cannot stress enough the necessity of IFSC code in online banking. The same is true for Punjab and Maharashtra Co-operative Bank IFSC Code. Like all other Indian banks' IFSC code, PMCB's IFSC code is also allocated by the Reserve Bank of India. 

The IFSC code of Punjab and Maharashtra bank consists of eleven characters. We can divide the code into three parts which is a standard format of the code. 

The first four characters, mostly letters, represent the bank name. The central character is zero. It is saved for future use. The last six characters, mostly numbers, represent the bank name. 

For example, The Punjab and Maharashtra bank's Malviya Nagar branch IFSC Code is PMCB0000605. We can see that the code is falling under the RBI's format. The first four letters, PMCB, stand for the bank name, the middle character is zero, and the last six numbers, 000605, stand for the Malviya Nagar branch. 

Each branch of the PMCB has a separate IFSC code. There are numerous banks in India; hence individual IFSC codes for each branch help to identify them without any hassle.

As we have mentioned in the introduction also, the IFSC code is mandatory to use fund transfer modes like NEFT, RTGS, and IMPS. Whenever you use any of these systems, there will be a separate space to enter the IFSC code, failing to which your transaction will be null and void. 

However, when you enter the IFSC code, you must ensure that you are entering the correct code. If you enter even a single digit wrong, the transaction will not be completed. The correct IFSC code ensures that money goes into the correct account within minutes. 

Punjab and Maharashtra Co-operative Bank MICR Code

MICR or Magnetic Ink Recognition Code, as the name suggests, is printed using magnetic ink. The purpose of the MICR code is similar to the IFSC code. Banks use branch identification; hence, every branch has a separate MICR code. 

The MICR code has nine numbers which we can divide into three parts. The first three numbers are for the city name, the following three are for the bank name, and the last three numbers are for the branch name. 

Here is an example of the Punjab and Maharashtra Co-operative Bank MICR code. 110328002 is the MICR code of Amar Colony, New Delhi branch. Here the first three numbers, 1103, symbolize the city name, the mid part represents the bank's name, and the last three numbers are for the branch name. 

The purpose of both the IFSC code and MICR is the same, which is locating bank branches. But the MICR code is used for paper-based documents, while the IFSC code is used during online fund transfers. Therefore, every branch of the Punjab and Maharashtra bank comes with separate MICR codes. 

Banks use the MICR code during cheque clearance. The unique magnetic ink used to print these codes helps prevent any fraudulent transactions. 

How to Find the IFSC and MICR Codes of Punjab and Maharashtra Co-operative Bank?


The rapid awareness about digital fund transfers has made it crucial to know the IFSC code. Likewise, a large section of people who are yet very dependent on cheque transfers should know the MICR code. 

Find your bank website is an authentic source to get the IFSC and MICR code of any bank, including the Punjab and Maharashtra banks. You can also download the find your bank mobile app for quick access. 

Here is how you can find these codes on finding your bank site- 

  • Download the Find Your Bank mobile app or visit the website, i.e., https://findyourbank.in/
  • Now you have to select details like- 
  • Bank name
  • Branch name 
  • District
  • State name. 

There are other means to source the IFSC and MICR code of PMC bank. Let's have a quick look at them- 

Bank Cheque Book

Every leaf of the bank cheque book has the IFSC and MICR code printed. You can find the MICR code near the cheque number and the IFSC code on the top of the leaves. 

Bank Passbook

The bank passbook contains all the information of the account holder, including the account number, name, and the IFSC code and MICR code also. So throw a quick glance at your passbook when you need the codes. 

RBI Website​

The Reserve Bank of India (RBI) has information related to every bank's IFSC and MICR codes. So it's another reliable source to get the codes. 

Punjab and Maharashtra Co-operative Bank Net Banking Sources

The bank's official website and mobile banking app will also help you find the code easily. They keep a record of all their branches' IFSC and MICR codes. 

Bank's Customer Care Service

Banks have their customer help services which are ready to help the customers during any situation. If you need, you can ring up the PMC bank's customer care service and enquire about the codes. 

How to Transfer Money through NEFT, RTGS & IMPS?


Sending money online has become a cakewalk. You just need to click a few buttons, and within seconds the money gets transferred to the remitter's account. Three of the most popular online fund transfer methods are- NEFT, RTGS, and IMPS. We will have a detailed look at each of these modes now. 


NEFT is one of the most popularly used fund transfer methods. It is available round the clock and is a DNS-based system. It means money is sent in batches. You need the following details to send money via NEFT- 

  • Receiver's name
  • Receiver's account number
  • IFSC code
  • Beneficiary bank name
  • Branch name 
  • The amount you are going to transfer 
Amount Charges
Upto Rs. 10,000 Rs. 2.50
Rs. 10,000 to Rs. 1 lakh Rs. 5.00
Rs. 1 lakh to Rs. 2 lakh Rs. 15.00
Above Rs. 2 lakh Rs. 25.00


NEFT also does not have any minimum or maximum limit. It takes a few hours to deposit the money in the receiver's account. 


We use RTGS to make high-value fund transfers. The minimum limit of RTGS transactions is Rs. 2 lakhs. You need similar details like the NEFT to send money via RTGS. Here are the charges of the Punjab and Maharashtra Bank RTGS system- 

Amount Charges
Rs. 2 lakhs to 5 lakhs Rs. 25
Above 5 lakhs Rs. 50



You have to make an urgent fund transfer; you will have to opt for the IMPS mode. It is a real-time instant money transfer method that is available 24*7. Here are the details you will need to send money via IMPS- 

  • Beneficiary's name 
  • Beneficiary's MMID code (for transfer from person to person)
  • The IFSC code of the receiver's branch (for transfer from a person to an account)
  • Beneficiary mobile number 
  • Beneficiary account number 

About Punjab and Maharashtra Co-operative Bank


The Punjab and Maharashtra Co-operative Bank was established in 1983, and it is a multi-state cooperative bank. It has almost a hundred branches in Maharashtra itself and about 137 branches in other states of the country. 

Punjab and Maharashtra Co-operative Bank is registered under the Cooperative Societies Act and is regulated by the Reserve Bank of India. In the financial year of 2019, the bank's total revenue was 1,297 crore, and it earned a profit of 99.69 crores. 

The states where PMC Bank operates are- Delhi, Goa, Karnataka, Gujrat, Madhya Pradesh, and Maharashtra. 


1) Is Punjab and Maharashtra Co-operative Bank?

Yes, Punjab and Maharashtra is a cooperative bank. It is registered under the cooperative societies act.

2) What is the Status of PMC Bank Now?

The Reserve Bank of India has expanded the restriction on PMC Bank till March 2020. The bank currently has a non-performing asset of Rs. 3518.89 crore as of 31st March 2020. 

3) Is Punjab and Maharashtra Co-operative Bank Merging? 

Yes, RBI has announced the amalgamation of PMC Bank and Delhi-based Unity Small Finance Bank. 

4) Who was the former MD of Punjab and Maharashtra Co-operative Bank?

Mr. Joy Thomas was the former MD of Punjab and Maharashtra C0-operative Bank.