There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Punjab And Sind Bank for its Alawalpur branch in Haridwar, Roorkee, Uttarakhand, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Punjab And Sind Bank situated in Haridwar or anywhere in Uttarakhand can easily transfer funds instantly by using the correct IFSC Code PSIB0021464. You should 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, Alawalpur, Haridwar
Here are some of the key details that come with the IFSC Code PSIB0021464 of Punjab And Sind Bank for its branch located in Haridwar, within the district of Roorkee in the state of Uttarakhand.
| Particulars | Details |
|---|---|
| Bank | Punjab And Sind Bank |
| IFSC Code | PSIB0021464 |
| Branch | Alawalpur |
| City | Haridwar |
| District | Roorkee |
| State | Uttarakhand |
| Address | Vil Alawalpur, Po Chutmalpur, Tehsil Roorkee, Distt Haridwar, Uttarakhand - 247662 |
These details are important not only for users using online banking but also for businesses and individuals who use Punjab And Sind Bank in Haridwar for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code PSIB0021464 for the Alawalpur branch of Punjab And Sind Bank is vital.
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 PSIB0021464 is given to every bank branch, including Punjab And Sind Bank located in Alawalpur, Haridwar, Uttarakhand, 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 Haridwar.
- 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 Haridwar and Roorkee.
- 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 Uttarakhand and the rest of India, which is why the IFSC Code ensures that transactions meant for Punjab And Sind Bank in Alawalpur doesn't end up at another location.
Format of the IFSC Code PSIB0021464
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 Alawalpur in Haridwar.
For example, the IFSC Code PSIB0021464 of Punjab And Sind Bank for the Alawalpur branch includes these elements, identifying the bank and the branch location in Haridwar and Uttarakhand correctly.
How to Find IFSC Code for Punjab And Sind Bank?
To find the IFSC Code PSIB0021464 of Punjab And Sind Bank for its Alawalpur branch located in Haridwar, 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 Haridwar and Roorkee, 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 Alawalpur or Haridwar to find the exact IFSC Code PSIB0021464.
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 Haridwar will provide accurate information.
How to Use IFSC Code PSIB0021464 for Online Transfers?
If you have the IFSC Code PSIB0021464 for the Alawalpur branch of Punjab And Sind Bank in Haridwar, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PSIB0021464. Transfers are processed in batches. 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. Asks for the recipient's account details and Punjab And Sind Bank IFSC Code PSIB0021464.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Punjab And Sind Bank Alawalpur in Haridwar, it may 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 Alawalpur, 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 Haridwar to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is PSIB0021464.
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 Vil Alawalpur, Po Chutmalpur, Tehsil Roorkee, Distt Haridwar, Uttarakhand - 247662 located in Haridwar, Roorkee, Uttarakhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.