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 Lachhimpur branch in Katihar, Katihar, Bihar, 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 Katihar or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code PSIB0021075. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Punjab And Sind Bank, Lachhimpur, Katihar
Here are the key points that are associated with the IFSC Code PSIB0021075 of Punjab And Sind Bank for its branch located in Katihar, within the district of Katihar in the state of Bihar.
| Particulars | Details |
|---|---|
| Bank | Punjab And Sind Bank |
| IFSC Code | PSIB0021075 |
| Branch | Lachhimpur |
| City | Katihar |
| District | Katihar |
| State | Bihar |
| Address | Sriguru Tegh Bahadur Atihasik Gurudwara Via P O Guru B Distt Katihar Bihar |
These details are important not only for users using online banking but also for businesses and individuals who use Punjab And Sind Bank in Katihar for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code PSIB0021075 for the Lachhimpur branch of Punjab And Sind Bank is vital.
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 Lachhimpur, Katihar, Bihar, is provided a unique IFSC like PSIB0021075 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 Katihar.
- 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 Katihar and Katihar.
- 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 Bihar and the rest of India, the IFSC Code ensures that transactions meant for Punjab And Sind Bank in Lachhimpur do not get misguided to another person.
Format of the IFSC Code PSIB0021075
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 Lachhimpur in Katihar.
For example, the IFSC Code PSIB0021075 of Punjab And Sind Bank for the Lachhimpur branch has these elements, identifying the bank and the branch location in Katihar and Bihar correctly.
How to Find IFSC Code for Punjab And Sind Bank?
To find the IFSC Code PSIB0021075 of Punjab And Sind Bank for its Lachhimpur branch located in Katihar, 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 Katihar and Katihar, 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 Lachhimpur or Katihar to find the exact IFSC Code PSIB0021075.
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 Katihar will provide accurate information.
How to Use IFSC Code PSIB0021075 for Online Transfers?
Once you have the IFSC Code PSIB0021075 for the Lachhimpur branch of Punjab And Sind Bank in Katihar, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code PSIB0021075. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 PSIB0021075.
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 Lachhimpur in Katihar, your payment can get delayed or might not go through at all.
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 Lachhimpur, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Katihar manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is PSIB0021075.
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 Sriguru Tegh Bahadur Atihasik Gurudwara Via P O Guru B Distt Katihar Bihar located in Katihar, Katihar, Bihar.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.