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 Shikrapur 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 PSBL0000020. 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, Shikrapur, Pune
Here are the main details that are associated with the IFSC Code PSBL0000020 of Pavana Sahakari Bank Ltd for its branch located in Pune, within the district of Pune in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Pavana Sahakari Bank Ltd |
| IFSC Code | PSBL0000020 |
| Branch | Shikrapur |
| City | Pune |
| District | Pune |
| State | Maharashtra |
| Address | Gat No 466/2,Shop No10&11,Jagtap Complex,Shikrapur,Tal.Shirur,Dist.Pune Pin Code -412208 |
These details are essential not only for online banking users but also for businesses and individuals who use Pavana Sahakari Bank Ltd in Pune for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PSBL0000020 for the Shikrapur branch of Pavana Sahakari Bank Ltd plays an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Pavana Sahakari Bank Ltd located in Shikrapur, Pune, Maharashtra, is provided with a unique IFSC like PSBL0000020 to ensure that online payments reach the right destination.
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 errors or confusions between multiple branches of the same bank across different places like Pune and Pune.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Pavana Sahakari Bank Ltd in Shikrapur do not get mixed with another location.
Format of the IFSC Code PSBL0000020
The format of the IFSC Code for banks, including Pavana Sahakari Bank Ltd, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In Pavana Sahakari Bank Ltd, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Shikrapur in Pune.
For example, the IFSC Code PSBL0000020 of Pavana Sahakari Bank Ltd for the Shikrapur branch has these elements, identifying the bank and the branch location in Pune and Maharashtra correctly.
How to Find IFSC Code for Pavana Sahakari Bank Ltd?
If you are trying to find the IFSC Code PSBL0000020 of Pavana Sahakari Bank Ltd for its Shikrapur branch located in Pune, the following methods can help:
Cheque Book
The cheque book issued by Pavana Sahakari Bank Ltd includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
You can easily find the IFSC and MICR codes because most banks, including Pavana Sahakari Bank Ltd branches in Pune and Pune, print them on the first page of your passbook.
Bank Website
Visit the official website of Pavana Sahakari Bank Ltd and navigate to the branch locator section. Search for Shikrapur or Pune to get the exact IFSC Code PSBL0000020.
Mobile Banking App
If you use Pavana Sahakari Bank Ltd's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Pavana Sahakari Bank Ltd and Pune, you'll get the correct details.
How to Use IFSC Code PSBL0000020 for Online Transfers?
Once you have the IFSC Code PSBL0000020 for the Shikrapur branch of Pavana Sahakari Bank Ltd in Pune, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PSBL0000020. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Pavana Sahakari Bank Ltd IFSC Code PSBL0000020.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Pavana Sahakari Bank Ltd Shikrapur in Pune, it can result in delayed or failed transactions.
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 Shikrapur, 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 of the Shikrapur Pune branch is PSBL0000020.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Gat No 466/2,Shop No10&11,Jagtap Complex,Shikrapur,Tal.Shirur,Dist.Pune Pin Code -412208.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.