Punjab & Sind Bank, LALGUWADI

Here is the IFSC & MICR Codes of Punjab & Sind Bank, LALGUWADI, RATLAM, MADHYA PRADESH. Also get the latest address, contact number of Punjab & Sind Bank, LALGUWADI.

IFSC Code: PSIB0021298
Branch: LALGUWADI
Address: VILLAGE LALGUWADI,BLOCK RATLAM,DISTT.RATLAM 457001,MADHYA PRADESH
Bank Code: PSIB
MICR: 457023502

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Frequently asked questions

What's the IFSC Code of LALGUWADI, Punjab & Sind Bank?: The IFSC Code of LALGUWADI, Punjab & Sind Bank is PSIB0021298.
What's the Address of LALGUWADI, Punjab & Sind Bank?: The Address of LALGUWADI, Punjab & Sind Bank is VILLAGE LALGUWADI,BLOCK RATLAM,DISTT.RATLAM 457001,MADHYA PRADESH.
What's the MICR Code of LALGUWADI, Punjab & Sind Bank?: The MICR Code of LALGUWADI, Punjab & Sind Bank is 457023502.
What's the District LALGUWADI, Punjab & Sind Bank falls under?: The District LALGUWADI, Punjab & Sind Bank falls under is RATLAM.

Definition

What is IFSC Code

IFSC stands for Indian Financial System Code. It is a unique 11-character code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in the NEFT (National Electronic Funds Transfer) system in India.

The IFSC code is used to facilitate electronic money transfers between banks in India. It is used to identify the sender and receiver bank branches, ensuring that the money is credited to the correct account. The IFSC code is made up of three parts:

The first four characters represent the bank code, identifying the bank that the branch belongs to.
The fifth character is always a zero, reserved for future use.
The last six characters represent the branch code, identifying the specific branch of the bank.

For example, the IFSC code for the State Bank of India's Mumbai Fort branch is SBIN0000300. In this code, "SBIN" is the bank code for State Bank of India, "0" is a reserved character, and "000300" is the branch code for the Mumbai Fort branch.

IFSC codes are used in many types of electronic transactions, including NEFT, RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).