Punjab & Sind Bank Bawana
Bawana · Delhi, Delhi
110023127 is the MICR code for the Bawana branch of Punjab & Sind Bank, located in Delhi, Delhi. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code PSIB0020993.
Bank
Punjab & Sind Bank
Branch & Address
Bawana
Bawana Ground Floor no 48 a Adjacent SBI Narela Road Main Chowk Bawana Delhi 110039
Delhi, Bawana, Delhi
Contact
+911127751227MICR Code Structure
110
City
023
Bank
127
Branch
City code 110 identifies the RBI clearing centre, bank code 023 identifies Punjab & Sind Bank, and branch code 127 identifies this specific branch.
Online Payment Methods Supported
Other Punjab & Sind Bank branches near Delhi
Other banks in Delhi, Delhi
About MICR Codes
What is a MICR code used for?
MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.
MICR vs IFSC — when do I use which?
Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (PSIB0020993) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.
Where is the MICR code on a cheque?
The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 110023127 is in the middle, and your account number is on the right.