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 Timber Market,Kirti Nagar 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 PSIB0021392. 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, Timber Market,Kirti Nagar, Delhi
Below in the table are the key details related to IFSC Code PSIB0021392 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 | PSIB0021392 |
| Branch | Timber Market,Kirti Nagar |
| City | Delhi |
| District | Delhi |
| State | Delhi |
| Address | Plot No.1/51/1,Whs,Timber Market,Kirti Nagar,New Delhi 110015 |
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 PSIB0021392 for the Timber Market,Kirti Nagar 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 provided by the Reserve Bank of India. Every bank branch, including Punjab And Sind Bank located in Timber Market,Kirti Nagar, Delhi, Delhi, is provided with a unique IFSC like PSIB0021392 to ensure that online payments reach the right destination.
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 errors or confusions between multiple branches of the same bank across different places like Delhi and Delhi.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Delhi and the rest of India and the IFSC Code ensures that transactions meant for Punjab And Sind Bank in Timber Market,Kirti Nagar do not get mixed with another location.
Format of the IFSC Code PSIB0021392
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): These represent the bank code. In Punjab And Sind Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Timber Market,Kirti Nagar in Delhi.
For example, the IFSC Code PSIB0021392 of Punjab And Sind Bank for the Timber Market,Kirti Nagar branch has 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 PSIB0021392 of Punjab And Sind Bank for its Timber Market,Kirti Nagar branch located in Delhi, the following methods can help:
Cheque Book
The cheque books that are issued by Punjab And Sind Bank include the IFSC Code which is printed on each cheque and you can easily spot the code 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 the passbook.
Bank Website
Visit the official website of Punjab And Sind Bank and find the branch locator section. Search for Timber Market,Kirti Nagar or Delhi to get the exact IFSC Code PSIB0021392.
Mobile Banking App
If you use Punjab And Sind Bank's mobile app, you can easily 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 to help you in searching for Punjab And Sind Bank and Delhi that will provide accurate information.
How to Use IFSC Code PSIB0021392 for Online Transfers?
Once you have the IFSC Code PSIB0021392 for the Timber Market,Kirti Nagar branch of Punjab And Sind Bank in Delhi, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code PSIB0021392. 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 PSIB0021392.
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 Timber Market,Kirti Nagar in Delhi, your payment can get delayed or might not go through at all.
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 Timber Market,Kirti Nagar, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Delhi manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is PSIB0021392.
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 Plot No.1/51/1,Whs,Timber Market,Kirti Nagar,New Delhi 110015 located in Delhi, Delhi, Delhi.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.