Punjab & Sind Bank
GHAROUNDA DISTT KARNAL BRANCH
+911748252107
Understanding IFSC Code: The Digital DNA of Punjab & Sind Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the GHAROUNDA DISTT KARNAL
branch of Punjab & Sind Bank, the code PSIB0020939 ensures
that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual
errors. In an era of instant payments, having the correct IFSC is as important as the account number
itself.
Anatomy of the PSIB0020939 Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"PSIB" represents Punjab & Sind Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for GHAROUNDA DISTT KARNAL
Payment Systems Supported by PSIB0020939
| System | Transfer Limit | Processing Time |
|---|---|---|
| NEFT | No Minimum (Up to ₹50 Lakhs+) | Half-hourly batches (24x7) |
| RTGS | Minimum ₹2 Lakhs | Real-time settlement |
| IMPS | Up to ₹5 Lakhs | Instant (Mobile/P2P) |
Why do you need the MICR Code?
While IFSC is for digital transfers, the Magnetic Ink Character Recognition
(MICR) code—132023302—is primarily
used for the processing and clearance of physical cheques. This 9-digit code helps in
identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing
faster and error-free.
Bank Holidays & Availability
The Punjab & Sind Bank in GHARAUNDA typically follows the RBI holiday calendar. Digital transfers via PSIB0020939 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.
Security Warning & Verification
Always verify the branch details before making a large payment. While PSIB0020939 is the valid code for GHAROUNDA DISTT KARNAL at GHARAUNDA, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
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Financial Tools
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Branch Context
- • GHAROUNDA DISTT KARNAL Contact
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Platform Links
- • Anand Design DevBox
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