Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Pavana Sahakari Bank Ltd for its Alandi branch in Pune, Pune, or Maharashtra, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Pavana Sahakari Bank Ltd located in Pune or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code PSBL0000012. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Pavana Sahakari Bank Ltd, Alandi, Pune
The table below shows the main details of the IFSC Code PSBL0000012 for the Pavana Sahakari Bank Ltd branch in Pune, which falls under the Pune district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Pavana Sahakari Bank Ltd |
| IFSC Code | PSBL0000012 |
| Branch | Alandi |
| City | Pune |
| District | Pune |
| State | Maharashtra |
| Address | Survey No 129/2/1A/B/2, Chovesawadi, Near Swami Service Centre, Alandi, Pune - 412105 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Pavana Sahakari Bank Ltd in Pune for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PSBL0000012 for the Alandi branch of Pavana Sahakari Bank Ltd has an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like PSBL0000012 is given to every bank branch, including Pavana Sahakari Bank Ltd located in Alandi, Pune, Maharashtra, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Pavana Sahakari Bank Ltd branch in Pune.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Pune and Pune.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Pavana Sahakari Bank Ltd in Alandi doesn't end up at another location.
Format of the IFSC Code PSBL0000012
The format of the IFSC Code for banks, including Pavana Sahakari Bank Ltd, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Pavana Sahakari Bank Ltd, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Alandi in Pune.
For example, the IFSC Code PSBL0000012 of Pavana Sahakari Bank Ltd for the Alandi branch includes these elements, identifying the bank and the branch location in Pune and Maharashtra accurately.
How to Find IFSC Code for Pavana Sahakari Bank Ltd?
If you are trying to find the IFSC Code PSBL0000012 of Pavana Sahakari Bank Ltd for its Alandi branch located in Pune, the following methods can help:
Cheque Book
The cheque books that are issued by Pavana Sahakari Bank Ltd include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Pavana Sahakari Bank Ltd branches in Pune and Pune, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Pavana Sahakari Bank Ltd and find the branch locator section. Search for Alandi or Pune to get the exact IFSC Code PSBL0000012.
Mobile Banking App
If you use Pavana Sahakari Bank Ltd's mobile app, you can easily check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for Pavana Sahakari Bank Ltd and Pune that will provide accurate information.
How to Use IFSC Code PSBL0000012 for Online Transfers?
Once you have the IFSC Code PSBL0000012 for the Alandi branch of Pavana Sahakari Bank Ltd in Pune, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code PSBL0000012. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Pavana Sahakari Bank Ltd IFSC Code PSBL0000012.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Pavana Sahakari Bank Ltd Alandi in Pune, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Pavana Sahakari Bank Ltd in Alandi, here are some ways that you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Pavana Sahakari Bank Ltd website.
- Search the RBI portal.
If you know both IFSC and MICR codes, then it can help account holders in Pune manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is PSBL0000012.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Survey No 129/2/1A/B/2, Chovesawadi, Near Swami Service Centre, Alandi, Pune - 412105 located in Pune, Pune, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.