IFSC Code, MICR Codes for PUNJAB AND SIND BANK in TAMIL NADU - CHENNAI - CHENNAI - IBD CHENNAI

PUNJAB AND SIND BANK RTGS HO Branch in CHENNAI - Address, IFSC, MICR Code


IFSC Code

PSIB0000575

MICR Code

600023003

Branch

IBD CHENNAI

Contact

0

Address

SPENCER TOWER ANNA SALAI CHENNAI -600002

City

CHENNAI

District

CHENNAI

State

TAMIL NADU





What is IFSC Code of PUNJAB AND SIND BANK situated at IBD CHENNAI- RTGS-HO?
IFSC Code of PUNJAB AND SIND BANK situated at IBD CHENNAI - RTGS-HO is

PSIB0000575

What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.

What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.