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 Wagholi 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 PSBL0000014. 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, Wagholi, Pune
Below in the table are the key details related to IFSC Code PSBL0000014 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 | PSBL0000014 |
| Branch | Wagholi |
| City | Pune |
| District | Pune |
| State | Maharashtra |
| Address | Gat No.615,Raysoni Colege Road,Gulabtara Complex,Ground Floor,Shop No-1,Wagholi,Pune |
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 PSBL0000014 for the Wagholi 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Pavana Sahakari Bank Ltd located in Wagholi, Pune, Maharashtra, is provided a unique IFSC like PSBL0000014 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Pavana Sahakari Bank Ltd branch in Pune.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Pune and Pune.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Pavana Sahakari Bank Ltd in Wagholi do not get misguided to another person.
Format of the IFSC Code PSBL0000014
This is the format of the IFSC Code for banks, including Pavana Sahakari Bank Ltd, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Pavana Sahakari Bank Ltd, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Wagholi in Pune.
For example, the IFSC Code PSBL0000014 of Pavana Sahakari Bank Ltd for the Wagholi 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 looking for the IFSC Code PSBL0000014 of Pavana Sahakari Bank Ltd for its Wagholi branch located in Pune, the following methods can help:
Cheque Book
The cheque book that is issued by Pavana Sahakari Bank Ltd includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the 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
You can visit the official website of Pavana Sahakari Bank Ltd and look for the branch locator section, then search for Wagholi or Pune to get the exact IFSC Code PSBL0000014.
Mobile Banking App
If you use Pavana Sahakari Bank Ltd's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Pavana Sahakari Bank Ltd and Pune, then it will provide you proper information.
How to Use IFSC Code PSBL0000014 for Online Transfers?
Once you have the IFSC Code PSBL0000014 for the Wagholi 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 PSBL0000014. 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 PSBL0000014.
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 Wagholi 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 Wagholi, 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 Wagholi Pune branch is PSBL0000014.
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.615,Raysoni Colege Road,Gulabtara Complex,Ground Floor,Shop No-1,Wagholi,Pune.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.