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 Moga The Mall branch in Faridkot, Faridkot, Punjab, 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 Faridkot or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code PSIB0000017. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Punjab And Sind Bank, Moga The Mall, Faridkot
Below in the table are the key details related to IFSC Code PSIB0000017 of Punjab And Sind Bank for its branch located in Faridkot, within the district of Faridkot in the state of Punjab.
| Particulars | Details |
|---|---|
| Bank | Punjab And Sind Bank |
| IFSC Code | PSIB0000017 |
| Branch | Moga The Mall |
| City | Faridkot |
| District | Faridkot |
| State | Punjab |
| Address | Railway Road,Moga-142055 |
These details are essential not only for online banking users but also for businesses and individuals who use Punjab And Sind Bank in Faridkot for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PSIB0000017 for the Moga The Mall branch of Punjab And Sind Bank plays an 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, along with Punjab And Sind Bank located in Moga The Mall, Faridkot, Punjab, are allotted a unique IFSC like PSIB0000017 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Faridkot.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Faridkot and Faridkot.
- 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 Moga The Mall reaches the right place, even though there are thousands of branches in Punjab and across India.
Format of the IFSC Code PSIB0000017
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 Moga The Mall in Faridkot.
For example, the IFSC Code PSIB0000017 of Punjab And Sind Bank for the Moga The Mall branch includes these elements, identifying the bank and the branch location in Faridkot and Punjab correctly.
How to Find IFSC Code for Punjab And Sind Bank?
To find the IFSC Code PSIB0000017 of Punjab And Sind Bank for its Moga The Mall branch located in Faridkot, the following methods can help you out:
Cheque Book
The cheque book issued by Punjab And Sind Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Punjab And Sind Bank branches in Faridkot and Faridkot, 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 go to the branch locator section. Then search for Moga The Mall or Faridkot to find the exact IFSC Code PSIB0000017.
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 maintains an updated database of all IFSC codes. Searching for Punjab And Sind Bank and Faridkot will provide accurate information.
How to Use IFSC Code PSIB0000017 for Online Transfers?
Once you have the IFSC Code PSIB0000017 for the Moga The Mall branch of Punjab And Sind Bank in Faridkot, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PSIB0000017. 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 PSIB0000017.
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 Moga The Mall in Faridkot, 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 Moga The Mall, 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 Faridkot manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is PSIB0000017.
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 Railway Road,Moga-142055 located in Faridkot, Faridkot, Punjab.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.