Punjab and Sind Bank (PSB) IFSC Code (Indian Financial System Code) is a unique 11 digit alpha-numeric code that is assigned to its all branches by the Reserve Bank of India to facilitate electronic funds transfer. The code is unique for all the branches of PSB as it helps to identify the destination bank in the event of an online transaction. The IFSC code of a PSB branch can be found on the cheque-book provided by the bank or on the front page of the account holder's passbook.
The first 4 characters of IFSC code are alphabets which represent the bank code. The fifth character is always 0 while the remaining six characters denote the branch code of that respective bank. In the above example, PSIB is the bank code for Punjab and Sind Bank, the fifth character is 0 and last six characters (000192) represents the branch code for Azadpur branch of Punjab and Sind Bank.
Punjab and Sind Bank (PSB) IFSC Code Format
|Punjab and Sind Bank code||Zero||PSB's Branch code|
How does Punjab and Sind Bank (PSB) IFSC Code work?When a fund transfer is initiated to a payee of a particular PSB branch, one has to provide details including the name of the payee, account number, IFSC code of the receiving bank branch, and the amount. Once the remitter provides all these details, he/she will be able to transfer funds to the beneficiary easily as this financial system code makes sure that the transferred money reaches to the correct bank account.
How to search for Punjab and Sind Bank IFSC Code & MICR Code?To search for the IFSC and MICR code of a PSB branch, follow these below mentioned ways: 1. Make use of the IFSC search tool offered by PaisaBazaar. Follow the following steps to search IFSC Code on PaisaBazaar:
- Find the IFSC search tool at the top of this page.
- Punjab and Sind Bank's name is already selected by default here, it can be changed as per the requirement.
- Enter the essential information like state and city.
- Select the PSB branch for the chosen city to find its IFSC and MICR code instantly.
- IFSC code is mentioned at the top of the cheque
- Cheque number and MICR code are present at the bottom of the cheque. MICR Code is a unique code consisting of nine digits used for faster processing of cheques.