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 Sawai Madhopur branch in Sawai Madhopur, Sawai Madhopur, Rajasthan, 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 Sawai Madhopur or anywhere in Rajasthan can transfer funds instantly by using the correct IFSC Code PSIB0021096. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Punjab And Sind Bank, Sawai Madhopur, Sawai Madhopur

The table below shows the main details of the IFSC Code PSIB0021096 for the Punjab And Sind Bank branch in Sawai Madhopur, which falls under the Sawai Madhopur district in Rajasthan.

Particulars Details
Bank Punjab And Sind Bank
IFSC Code PSIB0021096
Branch Sawai Madhopur
City Sawai Madhopur
District Sawai Madhopur
State Rajasthan
Address Plot No 8 Indira Colony Main Civil Lines Road Sawai Rajasthan 322001

These details help users in online banking and for businesses and individuals who use Punjab And Sind Bank in Sawai Madhopur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PSIB0021096 for the Sawai Madhopur branch of Punjab And Sind Bank has a very 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 Sawai Madhopur, Sawai Madhopur, Rajasthan, are given a unique IFSC like PSIB0021096 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Sawai Madhopur.
  • 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 Sawai Madhopur and Sawai Madhopur.
  • 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 Sawai Madhopur goes to the correct branch. This is important because Punjab And Sind Bank has thousands of branches in Rajasthan and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code PSIB0021096

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 Sawai Madhopur in Sawai Madhopur.

For example, the IFSC Code PSIB0021096 of Punjab And Sind Bank for the Sawai Madhopur branch includes these elements, identifying the bank and the branch location in Sawai Madhopur and Rajasthan correctly.

How to Find IFSC Code for Punjab And Sind Bank?

To find the IFSC Code PSIB0021096 of Punjab And Sind Bank for its Sawai Madhopur branch located in Sawai Madhopur, 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 Sawai Madhopur and Sawai Madhopur, 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 Sawai Madhopur or Sawai Madhopur to find the exact IFSC Code PSIB0021096.

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 Sawai Madhopur will provide accurate information.

How to Use IFSC Code PSIB0021096 for Online Transfers?

If you have the IFSC Code PSIB0021096 for the Sawai Madhopur branch of Punjab And Sind Bank in Sawai Madhopur, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code PSIB0021096. Transfers are processed in batches. Suitable for 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. Asks for the recipient's account details and Punjab And Sind Bank IFSC Code PSIB0021096.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Punjab And Sind Bank Sawai Madhopur in Sawai Madhopur, it may result in delayed or failed transactions.

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 Sawai Madhopur, 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 Sawai Madhopur 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 Sawai Madhopur, Sawai Madhopur?

The IFSC Code is PSIB0021096.

Is the IFSC Code PSIB0021096 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 Sawai Madhopur?

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 Sawai Madhopur branch?

The address of the branch is Plot No 8 Indira Colony Main Civil Lines Road Sawai Rajasthan 322001 located in Sawai Madhopur, Sawai Madhopur, Rajasthan.

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.