Punjab and Sind Bank LALGUWADI IFSC Code, MICR Code, Contact No. - Ratlam, Madhya Pradesh

Punjab and Sind Bank LALGUWADI Branch IFSC Code, MICR Code (Ratlam, Madhya Pradesh). IFSC code is used for NEFT, IMPS and RTGS Transactions.

IFSC Code, MICR Code, Contact No. of Punjab and Sind Bank LALGUWADI - Ratlam, Madhya Pradesh

IFSC Code:PSIB0021298
MICR Code:457023502
Branch Code:021298 (Last six characters of IFSC Code represent Branch code)
Address:VILLAGE LALGUWADI,BLOCK RATLAM,DISTT.RATLAM 457001,MADHYA PRADESH
Branch:LALGUWADI
City:RATLAM
District:Ratlam
State:Madhya Pradesh
Contact No.:91-8085905822

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Punjab and Sind Bank IFSC Code is PSIB0021298, MICR Code is 457023502, Branch Code is 021298 which is last six characters of IFSC Code, Branch name is LALGUWADI located in VILLAGE LALGUWADI,BLOCK RATLAM,DISTT.RATLAM 457001,MADHYA PRADESH, RATLAM, Ratlam, Madhya Pradesh, Contact no. is 91-8085905822. IFSC code is used for NEFT, IMPS and RTGS Transactions.

Other Punjab and Sind Bank Branches at Ratlam, Madhya Pradesh

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What is IFSC Code?

IFSC code is an alphanumeric code stands for Indian Financial System Code, which is uniquely assigned to each bank branch for the main three payment and settlement systems in India:

  1. National Electronic Funds Transfer (NEFT)
  2. Real Time Gross Settlement (RTGS)
  3. Immediate Payment Service (IMPS)

IFSC code is represented by 11 digit character, the first 4 characters of the IFSC code represent the name of the bank, the fifth character is 0 reserved for future use, the last 6 numbers represent the branch code of the bank. The very common use of the IFSC Code is to transfer fund using Internet Banking.


What is MICR Code?

MICR code is short for Magnetic Ink Character Recognition Code is a 9-digit code that identifies the city, bank, and branch, which is found at the bottom of the cheque. With a special machine, MICR codes help faster processing of cheques. MICR code is consists of 3 parts:

  1. The first 3 digits represent the city code, this code is aligned with the PIN code we use for a postal address in India.
  2. The next 3 digits represent the bank code.
  3. The last 3 digits represent the branch code.