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 Majra Distt Dehradun branch in Saharanpur, Kamboh Majra, Uttar Pradesh, 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 Saharanpur or anywhere in Uttar Pradesh can easily transfer funds instantly by using the correct IFSC Code PSIB0000055. 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, Majra Distt Dehradun, Saharanpur

Here are the main details that are associated with the IFSC Code PSIB0000055 of Punjab And Sind Bank for its branch located in Saharanpur, within the district of Kamboh Majra in the state of Uttar Pradesh.

Particulars Details
Bank Punjab And Sind Bank
IFSC Code PSIB0000055
Branch Majra Distt Dehradun
City Saharanpur
District Kamboh Majra
State Uttar Pradesh
Address Majra (Ward No 46 (Near Shiv Mandir) Saharanpur, Distt.Dehradun, Uttar Pradesh-248171

These details are crucial, not just for online banking users but also for businesses and individuals who use Punjab And Sind Bank in Saharanpur for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PSIB0000055 for the Majra Distt Dehradun branch of Punjab And Sind Bank has an important 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 Majra Distt Dehradun, Saharanpur, Uttar Pradesh, are given a unique IFSC like PSIB0000055 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Saharanpur.
  • 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 Saharanpur and Kamboh Majra.
  • 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 Majra Distt Dehradun goes to the correct branch. This is important because Punjab And Sind Bank has thousands of branches in Uttar Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code PSIB0000055

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 Majra Distt Dehradun in Saharanpur.

For example, the IFSC Code PSIB0000055 of Punjab And Sind Bank for the Majra Distt Dehradun branch includes these elements, identifying the bank and the branch location in Saharanpur and Uttar Pradesh accurately.

How to Find IFSC Code for Punjab And Sind Bank?

To find the IFSC Code PSIB0000055 of Punjab And Sind Bank for its Majra Distt Dehradun branch located in Saharanpur, 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 Saharanpur and Kamboh Majra, 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 Majra Distt Dehradun or Saharanpur to find the exact IFSC Code PSIB0000055.

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 Saharanpur will provide accurate information.

How to Use IFSC Code PSIB0000055 for Online Transfers?

Once you have the IFSC Code PSIB0000055 for the Majra Distt Dehradun branch of Punjab And Sind Bank in Saharanpur, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code PSIB0000055. 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 PSIB0000055.

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 Majra Distt Dehradun in Saharanpur, your payment can get delayed or might not go through at all.

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 Majra Distt Dehradun, 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 Saharanpur manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Punjab And Sind Bank in Majra Distt Dehradun, Saharanpur?

The IFSC Code is PSIB0000055.

Is the IFSC Code PSIB0000055 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Punjab And Sind Bank Majra Distt Dehradun?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Majra Distt Dehradun branch?

The address of the branch is Majra (Ward No 46 (Near Shiv Mandir) Saharanpur, Distt.Dehradun, Uttar Pradesh-248171 located in Saharanpur, Kamboh Majra, Uttar Pradesh.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.