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 Pithauriya branch in Ranchi, Ranchi, Bihar, 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 Ranchi or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code PSIB0021518. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Punjab And Sind Bank, Pithauriya, Ranchi
Here are the main details that are associated with the IFSC Code PSIB0021518 of Punjab And Sind Bank for its branch located in Ranchi, within the district of Ranchi in the state of Bihar.
| Particulars | Details |
|---|---|
| Bank | Punjab And Sind Bank |
| IFSC Code | PSIB0021518 |
| Branch | Pithauriya |
| City | Ranchi |
| District | Ranchi |
| State | Bihar |
| Address | Main Road Pithauriya, Block Kanke, Distt. Ranchi, Jharkhand-834006 |
These details are important not only for users using online banking but also for businesses and individuals who use Punjab And Sind Bank in Ranchi for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code PSIB0021518 for the Pithauriya 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 provided by the Reserve Bank of India. Every bank branch, along with Punjab And Sind Bank located in Pithauriya, Ranchi, Bihar, are allotted a unique IFSC like PSIB0021518 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Ranchi.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Ranchi and Ranchi.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Punjab And Sind Bank in Pithauriya reaches the right place, even though there are thousands of branches in Bihar and across India.
Format of the IFSC Code PSIB0021518
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 Pithauriya in Ranchi.
For example, the IFSC Code PSIB0021518 of Punjab And Sind Bank for the Pithauriya branch includes these elements, identifying the bank and the branch location in Ranchi and Bihar correctly.
How to Find IFSC Code for Punjab And Sind Bank?
To find the IFSC Code PSIB0021518 of Punjab And Sind Bank for its Pithauriya branch located in Ranchi, 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 Ranchi and Ranchi, 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 Pithauriya or Ranchi to find the exact IFSC Code PSIB0021518.
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 Ranchi will provide accurate information.
How to Use IFSC Code PSIB0021518 for Online Transfers?
Once you have the IFSC Code PSIB0021518 for the Pithauriya branch of Punjab And Sind Bank in Ranchi, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code PSIB0021518. 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 PSIB0021518.
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 Pithauriya in Ranchi, 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 Pithauriya, 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 Ranchi to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Pithauriya Ranchi branch is PSIB0021518.
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 Main Road Pithauriya, Block Kanke, Distt. Ranchi, Jharkhand-834006.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.