For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Punjab And Sind Bank for its Jorhat Assam branch in Jorhat, Jorhat, Assam, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Punjab And Sind Bank located in Jorhat or anywhere in Assam can transfer funds instantly by using the correct IFSC Code PSIB0000423. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Punjab And Sind Bank, Jorhat Assam, Jorhat
Here are the key points that are associated with the IFSC Code PSIB0000423 of Punjab And Sind Bank for its branch located in Jorhat, within the district of Jorhat in the state of Assam.
| Particulars | Details |
|---|---|
| Bank | Punjab And Sind Bank |
| IFSC Code | PSIB0000423 |
| Branch | Jorhat Assam |
| City | Jorhat |
| District | Jorhat |
| State | Assam |
| Address | A T Road Jorhat Assam 785001 |
These details helps users in online banking and for businesses and individuals who use Punjab And Sind Bank in Jorhat for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PSIB0000423 for the Jorhat Assam 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 provided by the Reserve Bank of India. Every bank branch, along with Punjab And Sind Bank located in Jorhat Assam, Jorhat, Assam, are given a unique IFSC like PSIB0000423 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Jorhat.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Jorhat and Jorhat.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Punjab And Sind Bank in Jorhat Assam goes to the correct branch. This is important because Punjab And Sind Bank has thousands of branches in Assam and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code PSIB0000423
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 Jorhat Assam in Jorhat.
For example, the IFSC Code PSIB0000423 of Punjab And Sind Bank for the Jorhat Assam branch has these elements, identifying the bank and the branch location in Jorhat and Assam correctly.
How to Find IFSC Code for Punjab And Sind Bank?
To find the IFSC Code PSIB0000423 of Punjab And Sind Bank for its Jorhat Assam branch located in Jorhat, 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 Jorhat and Jorhat, 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 Jorhat Assam or Jorhat to find the exact IFSC Code PSIB0000423.
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 Jorhat will provide accurate information.
How to Use IFSC Code PSIB0000423 for Online Transfers?
Once you have the IFSC Code PSIB0000423 for the Jorhat Assam branch of Punjab And Sind Bank in Jorhat, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code PSIB0000423. 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 PSIB0000423.
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 Jorhat Assam in Jorhat, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Punjab And Sind Bank in Jorhat Assam, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Jorhat manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is PSIB0000423.
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 A T Road Jorhat Assam 785001 located in Jorhat, Jorhat, Assam.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.