The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Punjab And Sind Bank for its Datia branch in Datia, Datia, Madhya Pradesh, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Punjab And Sind Bank located in Datia or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code PSIB0021154. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Punjab And Sind Bank, Datia, Datia
Here are some of the key details that come with the IFSC Code PSIB0021154 of Punjab And Sind Bank for its branch located in Datia, within the district of Datia in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Punjab And Sind Bank |
| IFSC Code | PSIB0021154 |
| Branch | Datia |
| City | Datia |
| District | Datia |
| State | Madhya Pradesh |
| Address | Civil Lines Main Road Datia Mp 475661 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Punjab And Sind Bank in Datia for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PSIB0021154 for the Datia 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Punjab And Sind Bank located in Datia, Datia, Madhya Pradesh, is provided a unique IFSC like PSIB0021154 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 Datia.
- 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 Datia and Datia.
- 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 Madhya Pradesh and the rest of India, the IFSC Code ensures that transactions meant for Punjab And Sind Bank in Datia do not get misguided to another person.
Format of the IFSC Code PSIB0021154
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 Datia in Datia.
For example, the IFSC Code PSIB0021154 of Punjab And Sind Bank for the Datia branch includes these elements, identifying the bank and the branch location in Datia and Madhya Pradesh accurately.
How to Find IFSC Code for Punjab And Sind Bank?
If you are looking for the IFSC Code PSIB0021154 of Punjab And Sind Bank for its Datia branch located in Datia, the following methods can help:
Cheque Book
The cheque book that is issued by Punjab And Sind Bank 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 Punjab And Sind Bank branches in Datia and Datia, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Punjab And Sind Bank and look for the branch locator section, then search for Datia or Datia to get the exact IFSC Code PSIB0021154.
Mobile Banking App
If you use Punjab And Sind Bank'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 Punjab And Sind Bank and Datia, then it will provide you proper information.
How to Use IFSC Code PSIB0021154 for Online Transfers?
Once you have the IFSC Code PSIB0021154 for the Datia branch of Punjab And Sind Bank in Datia, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code PSIB0021154. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 PSIB0021154.
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 Datia in Datia, 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 Datia, 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 Datia manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is PSIB0021154.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Civil Lines Main Road Datia Mp 475661 located in Datia, Datia, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.