Punjab & Sind Bank, BALODA BAZAR, BALODA BAZAR Branch IFSC Code

The IFSC code PSIB0021686 is assigned to Punjab & Sind Bank, BALODA BAZAR located in BALODA BAZAR, CHHATTISGARH. This code is required for electronic fund transfers like NEFT, RTGS, and IMPS transactions.

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Bank Details

Bank Name Punjab & Sind Bank
IFSC Code PSIB0021686
Branch Code 021686
Branch BALODA BAZAR
City BALODA BAZAR
District BALODA BAZAR
State CHHATTISGARH
Address YUVRAJ PLAZA, HIGH SCHOOL ROAD, OPPOSITE NAGAR PALIKA, BALODA BAZAR (C.G.)-493332 Maps
Contact +917727770129974

Nearby Punjab & Sind Bank Branches

BHATAPARA
BALODA BAZAR

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Understanding IFSC and MICR Codes

What is IFSC Code?

IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify bank branches in India. It is essential for electronic fund transfers through NEFT, RTGS, and IMPS systems.

PSIB Bank Code
0 Reserved (0)
021686 Branch Code

What is MICR Code?

MICR (Magnetic Ink Character Recognition) is a 9-digit code printed on cheques. It helps in faster processing of cheques through automated reading.

When to Use These Codes?

  • NEFT Transfer: Use IFSC code for National Electronic Funds Transfer (available 24x7)
  • RTGS Transfer: Use IFSC code for Real Time Gross Settlement (for amounts ≥ ₹2 lakhs)
  • IMPS Transfer: Use IFSC code for Immediate Payment Service (instant transfers)
  • Cheque Processing: MICR code is printed on cheques for automated clearing

Frequently Asked Questions

IFSC Code PSIB0021686 is the Indian Financial System Code assigned to Punjab & Sind Bank, BALODA BAZAR branch in BALODA BAZAR, CHHATTISGARH. This 11-character code uniquely identifies this bank branch in India's electronic payment systems.

This branch is located in BALODA BAZAR, BALODA BAZAR, CHHATTISGARH. The full address is: YUVRAJ PLAZA, HIGH SCHOOL ROAD, OPPOSITE NAGAR PALIKA, BALODA BAZAR (C.G.)-493332

The branch code is 021686. This is the last 6 characters of the IFSC code that uniquely identifies this specific branch of Punjab & Sind Bank.

This branch supports the following electronic fund transfer services:

  • NEFT - Available
  • RTGS - Available
  • IMPS - Available
  • UPI - Available

To use this IFSC code for fund transfers:

  1. Log in to your bank's internet banking or mobile app
  2. Navigate to fund transfer section (NEFT/RTGS/IMPS)
  3. Enter the beneficiary's account number
  4. Enter IFSC Code: PSIB0021686
  5. Verify the bank and branch details auto-populated
  6. Complete the transfer
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