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 Jagatpuri New Modern Shahdra Delhi branch in Delhi, Delhi, or Delhi, 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 Delhi or anywhere in Delhi can transfer funds instantly by using the correct IFSC Code PSIB0020953. 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, Jagatpuri New Modern Shahdra Delhi, Delhi
Below in the table are the key details related to IFSC Code PSIB0020953 of Punjab And Sind Bank for its branch located in Delhi, within the district of Delhi in the state of Delhi.
| Particulars | Details |
|---|---|
| Bank | Punjab And Sind Bank |
| IFSC Code | PSIB0020953 |
| Branch | Jagatpuri New Modern Shahdra Delhi |
| City | Delhi |
| District | Delhi |
| State | Delhi |
| Address | A 5 Jagat Puri Near Nathu Colony Chowk New Moderm Shahdra New Delhi 110092 |
These details helps users in online banking and for businesses and individuals who use Punjab And Sind Bank in Delhi for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PSIB0020953 for the Jagatpuri New Modern Shahdra Delhi 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 Jagatpuri New Modern Shahdra Delhi, Delhi, Delhi, are allotted a unique IFSC like PSIB0020953 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Delhi.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Delhi and Delhi.
- 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 Jagatpuri New Modern Shahdra Delhi reaches the right place, even though there are thousands of branches in Delhi and across India.
Format of the IFSC Code PSIB0020953
This is the format of the IFSC Code for banks, including Punjab And Sind Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Punjab And Sind Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Jagatpuri New Modern Shahdra Delhi in Delhi.
For example, the IFSC Code PSIB0020953 of Punjab And Sind Bank for the Jagatpuri New Modern Shahdra Delhi branch includes these elements, identifying the bank and the branch location in Delhi and Delhi accurately.
How to Find IFSC Code for Punjab And Sind Bank?
If you are trying to find the IFSC Code PSIB0020953 of Punjab And Sind Bank for its Jagatpuri New Modern Shahdra Delhi branch located in Delhi, 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
Most banks, including Punjab And Sind Bank branches in Delhi and Delhi, print the IFSC and MICR codes 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 Jagatpuri New Modern Shahdra Delhi or Delhi to get the exact IFSC Code PSIB0020953.
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 Delhi, you'll get the correct details.
How to Use IFSC Code PSIB0020953 for Online Transfers?
Once you have the IFSC Code PSIB0020953 for the Jagatpuri New Modern Shahdra Delhi branch of Punjab And Sind Bank in Delhi, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PSIB0020953. Transfers are processed in batches. This is suitable for 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 PSIB0020953.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Punjab And Sind Bank Jagatpuri New Modern Shahdra Delhi in Delhi may result in delayed or failed transactions.
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 Jagatpuri New Modern Shahdra Delhi, 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 Delhi manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is PSIB0020953.
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 A 5 Jagat Puri Near Nathu Colony Chowk New Moderm Shahdra New Delhi 110092 located in Delhi, Delhi, Delhi.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.