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 Yamuna Vihar branch in Delhi, Delhi, Delhi, 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 Delhi or anywhere in Delhi can transfer funds instantly by using the correct IFSC Code PSIB0021244. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Punjab And Sind Bank, Yamuna Vihar, Delhi
Below in the table are the key details related to IFSC Code PSIB0021244 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 | PSIB0021244 |
| Branch | Yamuna Vihar |
| City | Delhi |
| District | Delhi |
| State | Delhi |
| Address | C3 By 58 A Near Pnb Yamuna Vihar Delhi53 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Punjab And Sind Bank in Delhi for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PSIB0021244 for the Yamuna Vihar 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 Yamuna Vihar, Delhi, Delhi, is provided a unique IFSC like PSIB0021244 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 Delhi.
- 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 Delhi and Delhi.
- 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 Delhi and the rest of India, the IFSC Code ensures that transactions meant for Punjab And Sind Bank in Yamuna Vihar do not get misguided to another person.
Format of the IFSC Code PSIB0021244
The format of the IFSC Code for banks, including Punjab And Sind Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Punjab And Sind Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Yamuna Vihar in Delhi.
For example, the IFSC Code PSIB0021244 of Punjab And Sind Bank for the Yamuna Vihar 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 PSIB0021244 of Punjab And Sind Bank for its Yamuna Vihar 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 Yamuna Vihar or Delhi to get the exact IFSC Code PSIB0021244.
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 PSIB0021244 for Online Transfers?
Once you have the IFSC Code PSIB0021244 for the Yamuna Vihar 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 PSIB0021244. 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 PSIB0021244.
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 Yamuna Vihar in Delhi, it can 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 Yamuna Vihar, 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 PSIB0021244.
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 C3 By 58 A Near Pnb Yamuna Vihar Delhi53 located in Delhi, Delhi, Delhi.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.