Punjab Sind Bank Dhamtari IFSC Code
Punjab Sind Bank
IFSC · Used for NEFT, IMPS & RTGS
MICR · Used for Cheque Clearance
Branch
Dhamtari
District
Dhamtari
State
Chhattisgarh
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Frequently Asked Questions
About Punjab Sind Bank Dhamtari (dhamtari Raipur Road Distt D - 1086), Dhamtari
The IFSC code PSIB0021086 (lowercase: psib0021086) belongs to Punjab Sind Bank, specifically the Dhamtari (dhamtari Raipur Road Distt D - 1086) branch located in Dhamtari, Chhattisgarh.
The 5th character in the IFSC code PSIB0021086 is a zero (0), not the letter 'O'. The correct format is PSIB0021086 (lowercase: psib0021086), and not PSIBO021086. According to RBI guidelines, the fifth character of all IFSC codes is reserved as a zero.
The IFSC code of Punjab Sind Bank Dhamtari (dhamtari Raipur Road Distt D - 1086) in Dhamtari, Chhattisgarh is PSIB0021086. This 11-character code is required for all NEFT, RTGS and IMPS electronic fund transfers to this branch.
Punjab Sind Bank Dhamtari (dhamtari Raipur Road Distt D - 1086) is located at Dhamtari Raipur Road Distt Dhamtari Chhatisgarh 493773, Dhamtari, Chhattisgarh. You can click the "View on Google Maps" button on this page to get directions.
The MICR (Magnetic Ink Character Recognition) code of Punjab Sind Bank Dhamtari (dhamtari Raipur Road Distt D - 1086) is 493023001. MICR codes are used for cheque processing and are printed at the bottom of cheque leaves in magnetic ink.
Yes. IFSC code PSIB0021086 is valid for all three RBI-regulated transfer modes: NEFT (settled in 30-minute batches, no minimum), RTGS (real-time, minimum ₹2 lakh), and IMPS (instant, up to ₹5 lakh). All modes are available 24×7×365 as per RBI guidelines issued in December 2019.
You can verify IFSC code PSIB0021086 by checking: (1) The top-left corner of any Punjab Sind Bank Dhamtari (dhamtari Raipur Road Distt D - 1086) cheque leaf, (2) The first page of your Punjab Sind Bank passbook, (3) Your net banking or mobile banking app under "Branch Details", or (4) The RBI's official IFSC lookup at rbi.org.in.
Understanding IFSC Code: PSIB0021086
Decoded structure — 4 + 1 + 6 characters
Visual Breakdown
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PSIB0021086
What Each Part Means
- Bank Code — PSIB
- The first 4 characters uniquely identify Punjab Sind Bank at the national level. Every branch of Punjab Sind Bank across all states shares this same prefix. It is assigned by the RBI and never changes.
- Reserved — 0
- The 5th character is always 0 (zero), reserved by the RBI for future use. It acts as a separator between the bank identifier and the branch-specific code and is mandatory in all electronic fund transfer systems.
- Branch Code — 021086
- The final 6 characters 021086 uniquely identify this specific branch within the Punjab Sind Bank network. No two branches share the same branch code. Use this code to verify you have the correct branch before initiating any NEFT, RTGS, or IMPS transfer.
| Segment | Chars | Value | Purpose |
|---|---|---|---|
| Bank Code | 1–4 | PSIB | Identifies Punjab Sind Bank |
| Reserved | 5 | 0 | RBI reserved (always 0) |
| Branch Code | 6–11 | 021086 | Unique to this branch |
Where to Find IFSC & MICR on Your Cheque
Interactive cheque leaf mockup — highlighted fields show live values from this branch
Swipe left to view full cheque
Punjab Sind Bank
Dhamtari (dhamtari Raipur Road Distt D - 1086), Dhamtari, Chhattisgarh
Cheque No.
00021086
A/c No.
Authorised Signatory
IFSC vs MICR — Functional Comparison
Two different codes, two different banking systems
| Feature | IFSC Code | MICR Code |
|---|---|---|
| Full Form | Indian Financial System Code | Magnetic Ink Character Recognition |
| Length & Format | 11 characters — alphanumeric | 9 digits — numeric only |
| This Branch | PSIB0021086 | 493023001 |
| Primary Use | Electronic fund transfers: NEFT, RTGS, IMPS, UPI | Physical cheque clearing at clearing houses |
| Medium | Digital / online — no physical document needed | Printed in magnetic ink on cheque leaf bottom band |
| Processing Speed | Real-time (IMPS/UPI) or 30-min batches (NEFT) | T+1 or T+2 clearing cycle via RBI clearing houses |
| Where to Find It | Cheque leaf (top area), passbook first page, net banking | Bottom band of cheque leaf (the printed magnetic strip) |
| Assigned By | RBI — permanent unless branch is relocated/merged | RBI — encodes city (3) + bank (3) + branch (3) digits |
| Required For | Adding a payee / beneficiary for online transfer | Cheque book issuance and clearing house processing |
Source: Reserve Bank of India (RBI) Payment Systems Guidelines. IFSC mandatory for NEFT/RTGS/IMPS since 2010; MICR used by CTS-2010 standard cheque clearing.