NEFT transfers to PANDIKKAD, one of Punjab National Bank's branches in MALAPURAM, are batch-processed rather than instant. Most transfers clear within 30 minutes to a couple of hours during banking hours, and NEFT now runs 24x7 on all days including weekends.
RTGS (Real Time Gross Settlement) is built for high-value transfers — ₹2 lakh and above — and settles individually rather than in batches, so money reaches PANDIKKAD almost immediately once processed, rather than waiting for the next settlement window.
IMPS is built for urgency: transfers to PANDIKKAD clear in seconds rather than minutes or hours, and it works around the clock — useful outside NEFT/RTGS's usual processing windows.
NEFT & RTGS Timing — System Hours vs. Branch Hours
A distinction that matters if you're transferring to PANDIKKAD: the RBI settlement system runs 24x7 for NEFT and RTGS, but that doesn't mean this specific branch is open around the clock. Online transfers process any time; in-person or cash-based requests still depend on the branch actually being open.
Method
System Hours
If Visiting PANDIKKAD In Person
NEFT
24x7x365, including weekends and holidays (RBI mandate since 16 Dec 2019)
Online/net-banking NEFT processes any time. An in-branch, cash, or cheque-based NEFT request still depends on that branch's working hours.
RTGS
24x7x365, including weekends and holidays (RBI mandate since 14 Dec 2020)
Minimum transfer amount is ₹2 lakh. Same system-vs-branch-hours distinction as NEFT applies for in-person requests.
IMPS
24x7x365 — always has been, no banking-hours restriction at the system level.
Typically capped per transaction depending on your bank's own limits (often around ₹5 lakh).
Follow these steps to transfer money into an account held at PANDIKKAD:
Log in to your bank's net banking portal or mobile banking app.
Add a new beneficiary/payee, entering the recipient's full name and account number.
Enter the IFSC code PUNB0002030 when prompted — this routes the transfer to PANDIKKAD specifically.
Most banks require a short cooling-off period (often a few hours) after adding a new beneficiary before the first transfer.
Once the beneficiary is active, choose NEFT, RTGS, or IMPS based on the amount and how quickly you need it to arrive.
Enter the amount, review the details (name, account number, IFSC), and confirm with your OTP/PIN.
Frequently asked questions
What is the IFSC code of the Punjab National Bank PANDIKKAD branch?
The IFSC code for Punjab National Bank's PANDIKKAD branch in MALAPURAM, KERALA is PUNB0002030. This 11-character code is required for NEFT, RTGS, and IMPS transfers to any account held at this branch.
What is the MICR code of this branch?
A MICR code isn't listed for this branch in our records. MICR codes are used specifically for cheque clearing — if you need one, it's best to confirm directly with the branch, since it doesn't affect NEFT/RTGS/IMPS transfers, which only need the IFSC code (PUNB0002030).
Where is the PANDIKKAD branch of Punjab National Bank located?
This branch is located at: PNB PODUVANNI COMPLEX WANDOOR RD. It falls under MALAPURAM district, KERALA.
Can I use this IFSC code for both NEFT and RTGS transfers?
Yes — the same IFSC code (PUNB0002030) is used for NEFT, RTGS, and IMPS transfers to this branch. Which one you should pick depends on the amount and urgency, not the code itself: RTGS for ₹2 lakh+ needing near-instant settlement, NEFT for regular batch-processed transfers, and IMPS for smaller amounts that need to land in seconds.
Is there a phone number for this branch?
Yes, this branch's listed contact number is +911123718172.
IFSC and MICR code data sourced from bank-published branch records. While we take care to keep this current, always confirm the IFSC code with your bank before making a large transfer — see our disclaimer for details.