Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Punjab And Sind Bank for its Pilibhit branch in Pilibhit, Pilibhit, or Uttar Pradesh, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Punjab And Sind Bank located in Pilibhit or anywhere in Uttar Pradesh can transfer funds instantly by using the correct IFSC Code PSIB0000254. You should definitely 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, Pilibhit, Pilibhit
Here are the main details that are associated with the IFSC Code PSIB0000254 of Punjab And Sind Bank for its branch located in Pilibhit, within the district of Pilibhit in the state of Uttar Pradesh.
| Particulars | Details |
|---|---|
| Bank | Punjab And Sind Bank |
| IFSC Code | PSIB0000254 |
| Branch | Pilibhit |
| City | Pilibhit |
| District | Pilibhit |
| State | Uttar Pradesh |
| Address | Station Road Gas Chauraha Pilibhit |
These details are important not only for users using online banking but also for businesses and individuals who use Punjab And Sind Bank in Pilibhit for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code PSIB0000254 for the Pilibhit 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 PSIB0000254 is given to every bank branch, including Punjab And Sind Bank located in Pilibhit, Pilibhit, Uttar Pradesh, 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 Pilibhit.
- 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 Pilibhit and Pilibhit.
- 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 Uttar Pradesh and the rest of India, which is why the IFSC Code ensures that transactions meant for Punjab And Sind Bank in Pilibhit doesn't end up at another location.
Format of the IFSC Code PSIB0000254
The format of the IFSC Code for banks, including Punjab And Sind Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Punjab And Sind Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Pilibhit in Pilibhit.
For example, the IFSC Code PSIB0000254 of Punjab And Sind Bank for the Pilibhit branch includes these elements, identifying the bank and the branch location in Pilibhit and Uttar Pradesh accurately.
How to Find IFSC Code for Punjab And Sind Bank?
If you are trying to find the IFSC Code PSIB0000254 of Punjab And Sind Bank for its Pilibhit branch located in Pilibhit, the following methods can help:
Cheque Book
The cheque book issued by Punjab And Sind Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Punjab And Sind Bank branches in Pilibhit and Pilibhit, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Punjab And Sind Bank and navigate to the branch locator section. Search for Pilibhit or Pilibhit to get the exact IFSC Code PSIB0000254.
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 keeps an updated list of all IFSC codes. If you search for Punjab And Sind Bank and Pilibhit, you'll get the correct details.
How to Use IFSC Code PSIB0000254 for Online Transfers?
Once you have the IFSC Code PSIB0000254 for the Pilibhit branch of Punjab And Sind Bank in Pilibhit, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code PSIB0000254. 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 PSIB0000254.
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 Pilibhit in Pilibhit, 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 Pilibhit, 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 Pilibhit to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is PSIB0000254.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Station Road Gas Chauraha Pilibhit located in Pilibhit, Pilibhit, Uttar Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.