What is the IFSC code for MICR 507023002?

The IFSC code for Punjab & Sind Bank Khammam branch (MICR: 507023002) is PSIB0021638. 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 (507) represent the city/clearing centre, the next 3 digits (023) identify the bank, and the last 3 digits (002) identify the specific branch. For 507023002, the city code is 507, bank code is 023, and branch code is 002.

Punjab & Sind Bank Khammam

Q: Which bank does MICR code 507023002 belong to?

MICR code 507023002 belongs to Punjab & Sind Bank, Khammam branch, located at Plot No. 3-13-47/1, 2, 3 Part, Dno 9-11-45/2, Kamam Bazar, Kmc, Telagana - 507001, Khammam, Telangana. The corresponding IFSC code is PSIB0021638.

Khammam · Khammam, Telangana

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507023002

507023002 is the MICR code for the Khammam branch of Punjab & Sind Bank, located in Khammam, Telangana. 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 PSIB0021638.

Bank

Punjab & Sind Bank

Branch & Address

Khammam

Plot No. 3-13-47/1, 2, 3 Part, Dno 9-11-45/2, Kamam Bazar, Kmc, Telagana - 507001

Khammam, Khammam, Telangana

Contact

+918210221483

Codes for this Branch

MICR (cheques)

507023002

IFSC (online transfers)

PSIB0021638

View

MICR Code Structure

507

City

023

Bank

002

Branch

City code 507 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 Khammam

Aushapur Rangareddy, Telangana PSIB0021404 Isnapur, Sangareddy Sangareddy, Telangana PSIB0021708 Karimnagar Karimnagar, Telangana PSIB0021572 Kompally Medchal Malkajgiri, Telangana PSIB0021719 Mahbubnaga Mahbubnagar, Telangana PSIB0021722 Miryalguda Nalgonda, Telangana PSIB0021679

Other banks in Khammam, Telangana

A.P. Mahesh Co-operative Urban Bank 1 branch AU Small Finance Bank 4 branches Axis Bank 6 branches Bandhan Bank 2 branches Bank of Baroda 3 branches Bank of Maharashtra 1 branch Canara Bank 11 branches Catholic Syrian Bank 1 branch

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 (PSIB0021638) 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 507023002 is in the middle, and your account number is on the right.

View full branch details for IFSC PSIB0021638