IFSCIndex

Punjab Sind Bank Shahjanpur Up IFSC Code

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Punjab Sind Bank

PSIB0000573

IFSC · Used for NEFT, IMPS & RTGS

242023002

MICR · Used for Cheque Clearance

Branch

Shahjanpur Up

Address

Town Hall Road Shahjanpur 242001

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District

Shahjahanpur

State

Uttar Pradesh

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Frequently Asked Questions

About Punjab Sind Bank Shahjanpur Up (town Hall Road Shahjanpur 24 - 0573), Shahjahanpur

The IFSC code PSIB0000573 (lowercase: psib0000573) belongs to Punjab Sind Bank, specifically the Shahjanpur Up (town Hall Road Shahjanpur 24 - 0573) branch located in Shahjahanpur, Uttar Pradesh.

The 5th character in the IFSC code PSIB0000573 is a zero (0), not the letter 'O'. The correct format is PSIB0000573 (lowercase: psib0000573), and not PSIBO000573. According to RBI guidelines, the fifth character of all IFSC codes is reserved as a zero.

The IFSC code of Punjab Sind Bank Shahjanpur Up (town Hall Road Shahjanpur 24 - 0573) in Shahjahanpur, Uttar Pradesh is PSIB0000573. This 11-character code is required for all NEFT, RTGS and IMPS electronic fund transfers to this branch.

Punjab Sind Bank Shahjanpur Up (town Hall Road Shahjanpur 24 - 0573) is located at Town Hall Road Shahjanpur 242001, Shahjahanpur, Uttar Pradesh. 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 Shahjanpur Up (town Hall Road Shahjanpur 24 - 0573) is 242023002. MICR codes are used for cheque processing and are printed at the bottom of cheque leaves in magnetic ink.

Yes. IFSC code PSIB0000573 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 PSIB0000573 by checking: (1) The top-left corner of any Punjab Sind Bank Shahjanpur Up (town Hall Road Shahjanpur 24 - 0573) 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: PSIB0000573

Decoded structure — 4 + 1 + 6 characters

Visual Breakdown

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PSIB
Bank Codechars 1–4
0Reservedchar 5
000573
Branch Codechars 6–11

PSIB0000573

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 — 000573
The final 6 characters 000573 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.
Quick reference for IFSC code PSIB0000573
SegmentCharsValuePurpose
Bank Code1–4PSIBIdentifies Punjab Sind Bank
Reserved50RBI reserved (always 0)
Branch Code6–11000573Unique to this branch

Where to Find IFSC & MICR on Your Cheque

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IFSC vs MICR — Functional Comparison

Two different codes, two different banking systems

FeatureIFSC CodeMICR Code
Full FormIndian Financial System CodeMagnetic Ink Character Recognition
Length & Format11 characters — alphanumeric9 digits — numeric only
This BranchPSIB0000573242023002
Primary UseElectronic fund transfers: NEFT, RTGS, IMPS, UPIPhysical cheque clearing at clearing houses
MediumDigital / online — no physical document neededPrinted in magnetic ink on cheque leaf bottom band
Processing SpeedReal-time (IMPS/UPI) or 30-min batches (NEFT)T+1 or T+2 clearing cycle via RBI clearing houses
Where to Find ItCheque leaf (top area), passbook first page, net bankingBottom band of cheque leaf (the printed magnetic strip)
Assigned ByRBI — permanent unless branch is relocated/mergedRBI — encodes city (3) + bank (3) + branch (3) digits
Required ForAdding a payee / beneficiary for online transferCheque 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.

Disclaimer: All IFSC code and branch address data is sourced directly from the Reserve Bank of India (RBI) master registry. While we apply formatting to improve readability, IFSC Code World is not responsible for geographical discrepancies or inaccuracies originating from the central database. Please verify critical routing information with your home branch before initiating large transfers.