A punch die is provided and includes a punch body extending along an axial direction of the punch die and including a punch edge portion, a key, and a punch driver. The punch die also includes a punch guide configured to removably receive the punch body therein, the punch guide including an inner hollow that receives the punch body and a keyway that receives and guides the key. The punch die further includes a retainer collar detachably coupled to the punch guide and configured to permit the punch driver to pass therethrough and be movable along the axial direction. The punch guide includes a peripheral slot that intersects the keyway of the punch guide and the retainer collar includes a cylindrical projection and an engaging projection that is rotatable to engage the peripheral slot and to be releasably aligned with the keyway.