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 Yelahanka branch in Bengaluru Urban, Yelahanka, Karnataka, 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 Bengaluru Urban or anywhere in Karnataka can easily transfer funds instantly by using the correct IFSC Code PSIB0021579. 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, Yelahanka, Bengaluru Urban
Below in the table are the key details related to IFSC Code PSIB0021579 of Punjab And Sind Bank for its branch located in Bengaluru Urban, within the district of Yelahanka in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Punjab And Sind Bank |
| IFSC Code | PSIB0021579 |
| Branch | Yelahanka |
| City | Bengaluru Urban |
| District | Yelahanka |
| State | Karnataka |
| Address | Ground Floor Srk Tower 108 Mig Chs Housing Board Colony 707 Sfs 4Th Phase Main Road Yelehanka New Town Bengaluru Karnatka 560064 |
These details helps users in online banking and for businesses and individuals who use Punjab And Sind Bank in Bengaluru Urban for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PSIB0021579 for the Yelahanka 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Punjab And Sind Bank located in Yelahanka, Bengaluru Urban, Karnataka, are allotted a unique IFSC like PSIB0021579 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bengaluru Urban.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Bengaluru Urban and Yelahanka.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Punjab And Sind Bank in Yelahanka reaches the right place, even though there are thousands of branches in Karnataka and across India.
Format of the IFSC Code PSIB0021579
The format of the IFSC Code for banks, including Punjab And Sind Bank, has 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 Yelahanka in Bengaluru Urban.
For example, the IFSC Code PSIB0021579 of Punjab And Sind Bank for the Yelahanka branch includes these elements, identifying the bank and the branch location in Bengaluru Urban and Karnataka correctly.
How to Find IFSC Code for Punjab And Sind Bank?
To find the IFSC Code PSIB0021579 of Punjab And Sind Bank for its Yelahanka branch located in Bengaluru Urban, 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 Bengaluru Urban and Yelahanka, 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 Yelahanka or Bengaluru Urban to find the exact IFSC Code PSIB0021579.
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 Bengaluru Urban will provide accurate information.
How to Use IFSC Code PSIB0021579 for Online Transfers?
Once you have the IFSC Code PSIB0021579 for the Yelahanka branch of Punjab And Sind Bank in Bengaluru Urban, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code PSIB0021579. 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 PSIB0021579.
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 Yelahanka in Bengaluru Urban, your payment can get delayed or might not go through at all.
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 Yelahanka, 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 Bengaluru Urban manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is PSIB0021579.
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 Ground Floor Srk Tower 108 Mig Chs Housing Board Colony 707 Sfs 4Th Phase Main Road Yelehanka New Town Bengaluru Karnatka 560064 located in Bengaluru Urban, Yelahanka, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.