Punjab & Sind Bank, KOTLI ABU

Here is the IFSC & MICR Codes of Punjab & Sind Bank, KOTLI ABU, KOTLI ABU, PUNJAB. Also get the latest address, contact number of Punjab & Sind Bank, KOTLI ABU.

IFSC Code: PSIB0000550
Branch: KOTLI ABU
Address: KOTLI ABU, DISTT. MUKTSAR, PUNJAB - 151202
Bank Code: PSIB
MICR: 152023255

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Frequently asked questions

What's the IFSC Code of KOTLI ABU, Punjab & Sind Bank?: The IFSC Code of KOTLI ABU, Punjab & Sind Bank is PSIB0000550.
What's the Address of KOTLI ABU, Punjab & Sind Bank?: The Address of KOTLI ABU, Punjab & Sind Bank is KOTLI ABU, DISTT. MUKTSAR, PUNJAB - 151202.
What's the MICR Code of KOTLI ABU, Punjab & Sind Bank?: The MICR Code of KOTLI ABU, Punjab & Sind Bank is 152023255.
What's the District KOTLI ABU, Punjab & Sind Bank falls under?: The District KOTLI ABU, Punjab & Sind Bank falls under is MUKTSAR.

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).