Which bank does MICR code 492023002 belong to?

MICR code 492023002 belongs to Punjab & Sind Bank, Raipur branch, located at Post Box 88 K K Road Raipur 492001, Raipur, Chandigarh. The corresponding IFSC code is PSIB0000298.

What is the IFSC code for MICR 492023002?

The IFSC code for Punjab & Sind Bank Raipur branch (MICR: 492023002) is PSIB0000298. Use the IFSC code for NEFT, RTGS, IMPS, and UPI transfers. Use the MICR code for cheque clearance.

What do the digits in a MICR code mean?

A 9-digit MICR code has three parts: the first 3 digits (492) represent the city/clearing centre, the next 3 digits (023) identify the bank, and the last 3 digits (002) identify the specific branch. For 492023002, the city code is 492, bank code is 023, and branch code is 002.

Punjab & Sind Bank Raipur

Raipur · Raipur, Chandigarh

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492023002

492023002 is the MICR code for the Raipur branch of Punjab & Sind Bank, located in Raipur, Chandigarh. 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 PSIB0000298.

Bank

Punjab & Sind Bank

Branch & Address

Raipur

Post Box 88 K K Road Raipur 492001

Raipur, Raipur, Chandigarh

Contact

+912536393

Codes for this Branch

MICR (cheques)

492023002

IFSC (online transfers)

PSIB0000298

View

MICR Code Structure

492

City

023

Bank

002

Branch

City code 492 identifies the RBI clearing centre, bank code 023 identifies Punjab & Sind Bank, and branch code 002 identifies this specific branch.

Online Payment Methods Supported

NEFT

RTGS

IMPS

UPI

Other Punjab & Sind Bank branches near Raipur

Raipur Raipur, Chhattisgarh PSIB0021157 Raipur RO Raipur, Chhattisgarh PSIB0008038 Casa Back Office Chandigarh, Chandigarh PSIB0009080 Chandigarh Industrial Area Chandigarh, Chandigarh PSIB0000245 Chandigarh Press Club Sector Chandigarh, Chandigarh PSIB0000798 Chandigarh Sco Two Seventy Two Sector Thirty Two Chandigarh, Chandigarh PSIB0000758

Other banks in Raipur, Chandigarh

AU Small Finance Bank 4 branches Axis Bank 31 branches Bandhan Bank 5 branches Bank of Baroda 63 branches Bank of India 17 branches Bank of Maharashtra 12 branches Canara Bank 31 branches Central Bank of India 21 branches

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 (PSIB0000298) 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 492023002 is in the middle, and your account number is on the right.

View full branch details for IFSC PSIB0000298