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 Madanpur Khadar 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 PSIB0000336. 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, Madanpur Khadar, Delhi
The table below shows the main details of the IFSC Code PSIB0000336 for the Punjab And Sind Bank branch in Delhi, which falls under the Delhi district in Delhi.
| Particulars | Details |
|---|---|
| Bank | Punjab And Sind Bank |
| IFSC Code | PSIB0000336 |
| Branch | Madanpur Khadar |
| City | Delhi |
| District | Delhi |
| State | Delhi |
| Address | Mandanpur Khadar New Delhi 110044 |
These details help 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 PSIB0000336 for the Madanpur Khadar branch of Punjab And Sind Bank has a very important 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 PSIB0000336 is given to every bank branch, including Punjab And Sind Bank located in Madanpur Khadar, Delhi, Delhi, 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 Delhi.
- 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 Delhi and Delhi.
- 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 Delhi and the rest of India, which is why the IFSC Code ensures that transactions meant for Punjab And Sind Bank in Madanpur Khadar doesn't end up at another location.
Format of the IFSC Code PSIB0000336
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 Madanpur Khadar in Delhi.
For example, the IFSC Code PSIB0000336 of Punjab And Sind Bank for the Madanpur Khadar branch includes these elements, identifying the bank and the branch location in Delhi and Delhi correctly.
How to Find IFSC Code for Punjab And Sind Bank?
If you are trying to find the IFSC Code PSIB0000336 of Punjab And Sind Bank for its Madanpur Khadar 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 Madanpur Khadar or Delhi to get the exact IFSC Code PSIB0000336.
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 PSIB0000336 for Online Transfers?
Once you have the IFSC Code PSIB0000336 for the Madanpur Khadar branch of Punjab And Sind Bank in Delhi, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PSIB0000336. 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 PSIB0000336.
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 Madanpur Khadar in Delhi, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Punjab And Sind Bank in Madanpur Khadar, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Delhi to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is PSIB0000336.
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 Mandanpur Khadar New Delhi 110044 located in Delhi, Delhi, Delhi.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.