Punjab & Sind Bank Shivpuri Madhya Pradesh
Shivpuri Madhya Pradesh · Shivpuri, Madhya Pradesh
473023051 is the MICR code for the Shivpuri Madhya Pradesh branch of Punjab & Sind Bank, located in Shivpuri, Madhya Pradesh. 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 PSIB0000492.
Bank
Punjab & Sind Bank
Branch & Address
Shivpuri Madhya Pradesh
Madhav Chowk Ab Road Shivpuri Madhya Pradesh 473551
Shivpuri, Shivpuri, Madhya Pradesh
Contact
+917492233369MICR Code Structure
473
City
023
Bank
051
Branch
City code 473 identifies the RBI clearing centre, bank code 023 identifies Punjab & Sind Bank, and branch code 051 identifies this specific branch.
Online Payment Methods Supported
Other Punjab & Sind Bank branches near Shivpuri
Other banks in Shivpuri, Madhya Pradesh
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 (PSIB0000492) 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 473023051 is in the middle, and your account number is on the right.