Punjab & Sind Bank IFSC Code PSIB0000318

Punjab & Sind Bank – VIJAYAWADA

IFSC Code: PSIB0000318

MICR Code: 520023001

Branch: VIJAYAWADA

Bank: Punjab & Sind Bank

Address: PRAKASAN ROAD, GOVERNORPET, VIJAYAWADA

District: KRISHNA

State: ANDHRA PRADESH

Contact:

Indian Financial System Code (IFSC): PSIB0000318

The IFSC is an 11-character alphanumeric code used to identify bank branches in India for electronic payment systems such as RTGS, NEFT, IMPS, and CFMS (managed by the Reserve Bank of India).

• The first four characters represent the bank name.
• The fifth character is always ‘0’ and is reserved for future use.
• Branch Code 000318. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 520023001

The MICR code is a unique code printed on cheques using magnetic ink. It helps in the secure and faster processing and clearance of cheques by identifying the bank and branch.