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 Khekman branch in Thoubal, Thoubal, Manipur, 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 Thoubal or anywhere in Manipur can transfer funds instantly by using the correct IFSC Code PSIB0021560. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Punjab And Sind Bank, Khekman, Thoubal
Below in the table are the key details related to IFSC Code PSIB0021560 of Punjab And Sind Bank for its branch located in Thoubal, within the district of Thoubal in the state of Manipur.
| Particulars | Details |
|---|---|
| Bank | Punjab And Sind Bank |
| IFSC Code | PSIB0021560 |
| Branch | Khekman |
| City | Thoubal |
| District | Thoubal |
| State | Manipur |
| Address | Wangmataba Sorok Makaha Near Parking Distt Thoubal |
These details help users in online banking and for businesses and individuals who use Punjab And Sind Bank in Thoubal for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PSIB0021560 for the Khekman 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 Khekman, Thoubal, Manipur, are allotted a unique IFSC like PSIB0021560 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Thoubal.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Thoubal and Thoubal.
- 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 Khekman reaches the right place, even though there are thousands of branches in Manipur and across India.
Format of the IFSC Code PSIB0021560
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 Khekman in Thoubal.
For example, the IFSC Code PSIB0021560 of Punjab And Sind Bank for the Khekman branch includes these elements, identifying the bank and the branch location in Thoubal and Manipur accurately.
How to Find IFSC Code for Punjab And Sind Bank?
To find the IFSC Code PSIB0021560 of Punjab And Sind Bank for its Khekman branch located in Thoubal, 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 Thoubal and Thoubal, 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 Khekman or Thoubal to find the exact IFSC Code PSIB0021560.
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 Thoubal will provide accurate information.
How to Use IFSC Code PSIB0021560 for Online Transfers?
Once you have the IFSC Code PSIB0021560 for the Khekman branch of Punjab And Sind Bank in Thoubal, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PSIB0021560. 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 PSIB0021560.
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 Khekman in Thoubal, 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 Khekman, 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 Thoubal to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is PSIB0021560.
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 Wangmataba Sorok Makaha Near Parking Distt Thoubal located in Thoubal, Thoubal, Manipur.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.