Punjab & Sind Bank IFSC Code PSIB0020987

Punjab & Sind Bank – MACHHIWARA, PUNJAB

IFSC Code: PSIB0020987

MICR Code: 141023352

Branch: MACHHIWARA, PUNJAB

Bank: Punjab & Sind Bank

Address: MACHHIWARA, SAMRALA ROAD, OPP.GRAIN MARKET, THE.MACHHIWARA, DISTT.LUDHIANA, PUNJAB

District: LUDHIANA

State: PUNJAB

Contact:

Indian Financial System Code (IFSC): PSIB0020987

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 020987. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 141023352

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.