There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Punjab And Sind Bank for its Ahmedabad Satellite Area branch in Ahmadabad, Ahmedabad, Gujarat, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Punjab And Sind Bank situated in Ahmadabad or anywhere in Gujarat can easily transfer funds instantly by using the correct IFSC Code PSIB0000925. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Punjab And Sind Bank, Ahmedabad Satellite Area, Ahmadabad

Here are some of the key details that come with the IFSC Code PSIB0000925 of Punjab And Sind Bank for its branch located in Ahmadabad, within the district of Ahmedabad in the state of Gujarat.

Particulars Details
Bank Punjab And Sind Bank
IFSC Code PSIB0000925
Branch Ahmedabad Satellite Area
City Ahmadabad
District Ahmedabad
State Gujarat
Address Shop No 10 11 12 Pushpam Complex Opp Seema Hall 100 Feet Road Anand Nagar Ahmedabad Gujrat 380015

These details are crucial, not just for online banking users but also for businesses and individuals who use Punjab And Sind Bank in Ahmadabad for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PSIB0000925 for the Ahmedabad Satellite Area branch of Punjab And Sind Bank 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 provided by the Reserve Bank of India. Every bank branch, along with Punjab And Sind Bank located in Ahmedabad Satellite Area, Ahmadabad, Gujarat, are given a unique IFSC like PSIB0000925 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Ahmadabad.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Ahmadabad and Ahmedabad.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Punjab And Sind Bank in Ahmedabad Satellite Area goes to the correct branch. This is important because Punjab And Sind Bank has thousands of branches in Gujarat and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code PSIB0000925

The format of the IFSC Code for banks, including Punjab And Sind Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): Show the bank code. For Punjab And Sind Bank, these letters represent the bank's short name.
  • 5th character: Is always zero and is kept for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Ahmedabad Satellite Area in Ahmadabad.

For example, the IFSC Code PSIB0000925 of Punjab And Sind Bank for the Ahmedabad Satellite Area branch includes these elements, identifying the bank and the branch location in Ahmadabad and Gujarat accurately.

How to Find IFSC Code for Punjab And Sind Bank?

To find the IFSC Code PSIB0000925 of Punjab And Sind Bank for its Ahmedabad Satellite Area branch located in Ahmadabad, the following methods can help you out:

Cheque Book

The cheque book issued by Punjab And Sind Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.

Passbook

Most banks, including Punjab And Sind Bank branches in Ahmadabad and Ahmedabad, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Punjab And Sind Bank and go to the branch locator section. Then search for Ahmedabad Satellite Area or Ahmadabad to find the exact IFSC Code PSIB0000925.

Mobile Banking App

If you use Punjab And Sind Bank's mobile app, you can 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. Searching for Punjab And Sind Bank and Ahmadabad will provide accurate information.

How to Use IFSC Code PSIB0000925 for Online Transfers?

Once you have the IFSC Code PSIB0000925 for the Ahmedabad Satellite Area branch of Punjab And Sind Bank in Ahmadabad, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code PSIB0000925. 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 Punjab And Sind Bank IFSC Code PSIB0000925.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Punjab And Sind Bank Ahmedabad Satellite Area in Ahmadabad, it can result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Punjab And Sind Bank in Ahmedabad Satellite Area, here are some of the ways you can get it:

  • Check the bottom of your cheque leaf.
  • Refer to the first page of your passbook.
  • Visit the official Punjab And Sind Bank website.
  • Search the RBI portal.

Knowing both IFSC and MICR code can help account holders in Ahmadabad manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Punjab And Sind Bank in Ahmedabad Satellite Area, Ahmadabad?

The IFSC Code is PSIB0000925.

Is the IFSC Code PSIB0000925 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Punjab And Sind Bank Ahmedabad Satellite Area?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Ahmedabad Satellite Area branch?

The address of the branch is Shop No 10 11 12 Pushpam Complex Opp Seema Hall 100 Feet Road Anand Nagar Ahmedabad Gujrat 380015 located in Ahmadabad, Ahmedabad, Gujarat.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.

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