PUNJAB AND SIND BANK Details
For transferring funds via PUNJAB AND SIND BANK there are many details you need to know. First of
all you need to know the IFSC code of the bank which can be found here in banksifsccodes.com. Apart from IFSC code you need to know the bank account
details of the person to whose account you are transferring the money.
These bank details include the account number of the person,name of the account holder and also in some cases the type of account
like whether it is a savings account or current account. Here, you will get the PUNJAB AND SIND BANK IFSC code easily and carry out the online
transactions. These online transactions are used to pay bills, donate money to charities and foundations, online shopping to count a few.
IFSC Code For PUNJAB AND SIND BANK
National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), Immediate Payment Service (IMPS)andCentralised
Funds Management System (CFMS), finance transfer systems use the IFSC code of PUNJAB AND SIND BANK . RBI provides the IFSC codes for the
PUNJAB AND SIND BANKto carry out NEFT, RTGS, CFMS and IMPS. Whereas RTGS transactions are carried out individually the NEFT transactions can be
processed in batches. IMPS is an instantaneous 24X7 way for processing electronic funds transfer. IFSC code is an alphanumeric code and is unique for all
the banks participating in the transactions.
SWIFT Code For PUNJAB AND SIND BANK
In order to transfer funds to international banks to PUNJAB AND SIND BANK you need the SWIFT code of PUNJAB AND SIND BANK . In simple terms SWIFT codes are necessary for wire
transfers from banks from other countries. SWIFT code for each PUNJAB AND SIND BANK is unique from other banks and provides the widest and broadest coverage of national bank
MICR Code For PUNJAB AND SIND BANK
Magnetic Ink Character Recognition or MICR code is used by all the banks in world for seamless processing and clearance of cheques. MICR code for PUNJAB AND SIND BANK is
unique from other banks and it will also help to identify the bank from where the cheque has been cleared.
How To Find SWIFT, MICR And IFSC Code For PUNJAB AND SIND BANK
We have listed the IFSC, MICR and SWIFT code for the PUNJAB AND SIND BANK on this page. Our easy to use IFSC, MICR and SWIFT code finders will help
you to find the IFSC, MICR and SWIFT codes forPUNJAB AND SIND BANK the easiest way possible for carrying out NEFT, RTGS, CFMS, IMPS or Wire Transfers.
The IFSC code, MICR code or SWIFT code for any PUNJAB AND SIND BANK can be found from the drop down menu by selecting a state in which the bank is
Banks IFSC Codes
Banks IFSC Codes is the one of the easiest places to get all the IFSC, MICR and SWIFT codes for PUNJAB AND SIND BANK without any problem. Apart
from that, you will also be able to get thePUNJAB AND SIND BANK Address, Contact Details including Telephone number and Email address, PIN code, etc., here. The information available
is regularly updated and efforts are continuously made to list the codes as soon as they appear on the RBI website.
What Is Bank IFSC Code?
The Indian Financial System Code (IFSC) is an alphanumeric unique arrangement of digits and letters or code which represents a particular bank or a particular branch taking part in four main Electronic Funds Settlement Systems prevalent in India. These four Electronic Funds Settlement Systems are:
- 1. Real Time Gross Settlement or RTGS
- 2. National Electronic Funds Transfer or NEFT
- 3. Immediate Payment Service Systems or IMPS
- 4. Centralised Funds Management System or CFMS
Technically, IFSC is an 11 character alphanumeric combination in which the first 4 characters are usually alphabets and represent the name of the Bank participating in the transaction. The fifth character is numeric 0 (zero) and is reserved for future use only. The last six characters can be numeric or alphabets that represent the name of the participating Branch.
Each bank has a unique IFSC code. The IFSC code is primarily used by the RTGS, NEFT, CFMS and IMPS systems to relay the messages from the source to the destination, In short IFSC is used to route the message from originating bank to the destination bank.
All the banks which participate in the Electronic Funds Transfer maintain a bank wise list of IFSCs and are also listed on the Official Website of Reserve Bank of India for the consumers as well.
Purpose of IFSC Code
The IFSC code finds its use in Online Banking Transactions. These Online Banking transactions might include payment of water and electricity bills, bus, train and flight reservations online. Apart from that IFSC is used in online shopping payments, share and equity payments and EMIs and Loan payments to count a few. In general, whenever money is transferred from one account to another, the transaction cannot be completed without IFSC.
At banksifsccodes.com, you will get the IFSC code of all bank branches in India. Along with that you will bank address details, contact details including phone number and email address, MICR (Magnetic Ink Character Recognition) codes, PIN (Postal Index Number) code,etc. Get the IFSC codes, MICR codes and other details of 165 computerised banks in Indian today by visiting us.
What is SWIFT Code?
The acronym SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. It is also known as SWIFT-BIC, SWIFT ID or ISO 9362. The SWIFT code denotes a standard format of Business Identifier Codes which are approved by the International Organization for Standardization.
Every single financial and non-financial institution is uniquely identified by these SWIFT codes and when these codes are assigned to a non-financial institution it is referred to as Business Entity Identifier (BSI). SWIFT do not follow any specific format for identifying the bank accounts and types of transactions therefore the banks or organizations participating in the transaction decide themselves the format.
According to the latest edition of ISO 9362:2009, the SWIFT code is generally made of 8 or 11 characters. This code comprises of four letters which denoted the code of the Bank or the Institution. Two other letters represent the country code based on ISO 3166-1 alpha-2. Then the two letter or digits, which denote the location code and lastly three letters or digits which optionally denote the branch code.
Purpose of SWIFT Code
SWIFT codes can be sometime found on account statements and are primarily used for monetary transactions between banks which in particular are wire transfers. Other than that these codes are used for transferring messages between the banks as well.
banksifsccodes.com is the best place to get SWIFT codes of all banks located in India. Here, we are providing the SWIFT codes of 165 computerised banks in India.