IFSC Code of Punjab And Sind Bank, Rourkella, Raurkela, Odisha — PSIB0021240

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 Rourkella branch in Sundargarh, Raurkela, Odisha, 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 Sundargarh or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code PSIB0021240. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Punjab And Sind Bank, Rourkella, Sundargarh

Below in the table are the key details related to IFSC Code PSIB0021240 of Punjab And Sind Bank for its branch located in Sundargarh, within the district of Raurkela in the state of Odisha.

These details helps users in online banking and for businesses and individuals who use Punjab And Sind Bank in Sundargarh for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PSIB0021240 for the Rourkella branch of Punjab And Sind Bank plays a vital 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 Rourkella, Sundargarh, Odisha, are given a unique IFSC like PSIB0021240 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

Format of the IFSC Code PSIB0021240

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 Rourkella in Sundargarh.

For example, the IFSC Code PSIB0021240 of Punjab And Sind Bank for the Rourkella branch includes these elements, identifying the bank and the branch location in Sundargarh and Odisha correctly.

How to Find IFSC Code for Punjab And Sind Bank?

To find the IFSC Code PSIB0021240 of Punjab And Sind Bank for its Rourkella branch located in Sundargarh, 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 Sundargarh and Raurkela, 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 Rourkella or Sundargarh to find the exact IFSC Code PSIB0021240.

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 Sundargarh will provide accurate information.

How to Use IFSC Code PSIB0021240 for Online Transfers?

Once you have the IFSC Code PSIB0021240 for the Rourkella branch of Punjab And Sind Bank in Sundargarh, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code PSIB0021240. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Punjab And Sind Bank IFSC Code PSIB0021240.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Punjab And Sind Bank Rourkella in Sundargarh, it can result in delayed or failed transactions.

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 Rourkella, 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 Sundargarh to handle online money transfers and get their cheques cleared smoothly.