For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Punjab And Sind Bank for its Ankleshwar branch in Bharuch, Ankleshwar, Gujarat, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Punjab And Sind Bank located in Bharuch or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code PSIB0021553. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Punjab And Sind Bank, Ankleshwar, Bharuch
Below in the table are the key details related to IFSC Code PSIB0021553 of Punjab And Sind Bank for its branch located in Bharuch, within the district of Ankleshwar in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | Punjab And Sind Bank |
| IFSC Code | PSIB0021553 |
| Branch | Ankleshwar |
| City | Bharuch |
| District | Ankleshwar |
| State | Gujarat |
| Address | Shop No. G-20, Ground Floor, Golden Point Plot No. Cm-13, Near Shreeji Good Hut Sardar Park Road, Ankleshwar Gidc, Distt. Bharuch, Gujrat - 393002 |
These details helps users in online banking and for businesses and individuals who use Punjab And Sind Bank in Bharuch for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PSIB0021553 for the Ankleshwar 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 that is provided by the Reserve Bank of India. A unique IFSC like PSIB0021553 is given to every bank branch, including Punjab And Sind Bank located in Ankleshwar, Bharuch, Gujarat, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Punjab And Sind Bank branch in Bharuch.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Bharuch and Ankleshwar.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Gujarat and the rest of India, which is why the IFSC Code ensures that transactions meant for Punjab And Sind Bank in Ankleshwar doesn't end up at another location.
Format of the IFSC Code PSIB0021553
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 Ankleshwar in Bharuch.
For example, the IFSC Code PSIB0021553 of Punjab And Sind Bank for the Ankleshwar branch includes these elements, identifying the bank and the branch location in Bharuch and Gujarat correctly.
How to Find IFSC Code for Punjab And Sind Bank?
If you are trying to find the IFSC Code PSIB0021553 of Punjab And Sind Bank for its Ankleshwar branch located in Bharuch, 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 Bharuch and Ankleshwar, 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 Ankleshwar or Bharuch to get the exact IFSC Code PSIB0021553.
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 Bharuch, you'll get the correct details.
How to Use IFSC Code PSIB0021553 for Online Transfers?
Once you have the IFSC Code PSIB0021553 for the Ankleshwar branch of Punjab And Sind Bank in Bharuch, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PSIB0021553. 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 PSIB0021553.
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 Ankleshwar in Bharuch, 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 Ankleshwar, 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 Bharuch manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is PSIB0021553.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Shop No. G-20, Ground Floor, Golden Point Plot No. Cm-13, Near Shreeji Good Hut Sardar Park Road, Ankleshwar Gidc, Distt. Bharuch, Gujrat - 393002 located in Bharuch, Ankleshwar, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.