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 Jammu (Main),Shalimar Road branch in Jammu, Jammu, Jammu And Kashmir, 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 Jammu or anywhere in Jammu And Kashmir can easily transfer funds instantly by using the correct IFSC Code PSIB0000173. 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, Jammu (Main),Shalimar Road, Jammu
Here are some of the key details that come with the IFSC Code PSIB0000173 of Punjab And Sind Bank for its branch located in Jammu, within the district of Jammu in the state of Jammu And Kashmir.
| Particulars | Details |
|---|---|
| Bank | Punjab And Sind Bank |
| IFSC Code | PSIB0000173 |
| Branch | Jammu (Main),Shalimar Road |
| City | Jammu |
| District | Jammu |
| State | Jammu And Kashmir |
| Address | Shalimar Road, Jammu |
These details helps users in online banking and for businesses and individuals who use Punjab And Sind Bank in Jammu for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PSIB0000173 for the Jammu (Main),Shalimar Road branch of Punjab And Sind Bank plays a vital 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 PSIB0000173 is given to every bank branch, including Punjab And Sind Bank located in Jammu (Main),Shalimar Road, Jammu, Jammu And Kashmir, 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 Jammu.
- 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 Jammu and Jammu.
- 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 Jammu And Kashmir and the rest of India, which is why the IFSC Code ensures that transactions meant for Punjab And Sind Bank in Jammu (Main),Shalimar Road doesn't end up at another location.
Format of the IFSC Code PSIB0000173
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): 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 Jammu (Main),Shalimar Road in Jammu.
For example, the IFSC Code PSIB0000173 of Punjab And Sind Bank for the Jammu (Main),Shalimar Road branch includes these elements, identifying the bank and the branch location in Jammu and Jammu And Kashmir accurately.
How to Find IFSC Code for Punjab And Sind Bank?
If you are trying to find the IFSC Code PSIB0000173 of Punjab And Sind Bank for its Jammu (Main),Shalimar Road branch located in Jammu, 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 Jammu and Jammu, 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 Jammu (Main),Shalimar Road or Jammu to get the exact IFSC Code PSIB0000173.
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 Jammu that will provide accurate information.
How to Use IFSC Code PSIB0000173 for Online Transfers?
If you have the IFSC Code PSIB0000173 for the Jammu (Main),Shalimar Road branch of Punjab And Sind Bank in Jammu, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PSIB0000173. 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 PSIB0000173.
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 Jammu (Main),Shalimar Road in Jammu, it may 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 Jammu (Main),Shalimar Road, 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 Jammu manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Jammu (Main),Shalimar Road Jammu branch is PSIB0000173.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Shalimar Road, Jammu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.