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 Punjab And Sind Bank for its Shahgarh branch in Bareilly, Shahgarh, or Uttar Pradesh, 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 Punjab And Sind Bank located in Bareilly or anywhere in Uttar Pradesh can transfer funds instantly by using the correct IFSC Code PSIB0000490. 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 Punjab And Sind Bank, Shahgarh, Bareilly
The table below shows the main details of the IFSC Code PSIB0000490 for the Punjab And Sind Bank branch in Bareilly, which falls under the Shahgarh district in Uttar Pradesh.
| Particulars | Details |
|---|---|
| Bank | Punjab And Sind Bank |
| IFSC Code | PSIB0000490 |
| Branch | Shahgarh |
| City | Bareilly |
| District | Shahgarh |
| State | Uttar Pradesh |
| Address | Shahgarh Teh Baheri Distt Bareilly Uttar Pradesh 243201 |
These details helps users in online banking and for businesses and individuals who use Punjab And Sind Bank in Bareilly for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PSIB0000490 for the Shahgarh branch of Punjab And Sind Bank plays a vital 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 Punjab And Sind Bank located in Shahgarh, Bareilly, Uttar Pradesh, is provided a unique IFSC like PSIB0000490 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Punjab And Sind Bank branch in Bareilly.
- 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 Bareilly and Shahgarh.
- 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 Uttar Pradesh and the rest of India, the IFSC Code ensures that transactions meant for Punjab And Sind Bank in Shahgarh do not get misguided to another person.
Format of the IFSC Code PSIB0000490
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): These represent the bank code. In Punjab And Sind Bank, 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 Shahgarh in Bareilly.
For example, the IFSC Code PSIB0000490 of Punjab And Sind Bank for the Shahgarh branch has these elements, identifying the bank and the branch location in Bareilly and Uttar Pradesh correctly.
How to Find IFSC Code for Punjab And Sind Bank?
If you are trying to find the IFSC Code PSIB0000490 of Punjab And Sind Bank for its Shahgarh branch located in Bareilly, the following methods can help:
Cheque Book
The cheque book issued by Punjab And Sind Bank 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 Punjab And Sind Bank branches in Bareilly and Shahgarh, print them on the first page of your passbook.
Bank Website
Visit the official website of Punjab And Sind Bank and navigate to the branch locator section. Search for Shahgarh or Bareilly to get the exact IFSC Code PSIB0000490.
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 keeps an updated list of all IFSC codes. If you search for Punjab And Sind Bank and Bareilly, you'll get the correct details.
How to Use IFSC Code PSIB0000490 for Online Transfers?
Once you have the IFSC Code PSIB0000490 for the Shahgarh branch of Punjab And Sind Bank in Bareilly, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code PSIB0000490. The transfer is completed in batches instead of instantly. It is useful for both personal and business payments.
RTGS
Used for high-value payments above ₹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 Punjab And Sind Bank IFSC Code PSIB0000490.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Punjab And Sind Bank Shahgarh in Bareilly, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Punjab And Sind Bank in Shahgarh, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Punjab And Sind Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Bareilly manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Shahgarh Bareilly branch is PSIB0000490.
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 Shahgarh Teh Baheri Distt Bareilly Uttar Pradesh 243201.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.