Punjab Sind Bank IFSC Code, Cochin | Kerala

Punjab and Sind Bank is a government owned bank which was founded in 1908 and is headquartered in New Delhi. It offers investment banking, commercial banking, private banking, mortgage, loans and credit / debit cards amongst other products.

IFSC Code of Punjab Sind Bank, Cochin

Reserve Bank of India (RBI) has launched IFSC codes which stand for Indian Financial System Code. This code was introduced by the RBI in order to ensure security and safety of the transactions. IFSC Code also helps in indentifying the bank and branch where the account of the beneficiary is held. RBI has also mandated IFSC code for different bank transactions. The IFSC code helps in recognizing each and every bank and its branches separately. The IFSC Codes follow two payment and settlement systems in India which are as follows:

• RTGS (Real Time Gross Settlement) 
• NEFT (National Electronic Fund Transfer) 

IFSC Code is 11- digit code assigned by the Reserve Bank of India (RBI) to every bank as a part of NEFT / RTGS.

In IFS Code

• First four characters identify the bank name i.e. PSIB
• The fifth character is always 0
• And the last character represents the branch address i.e. 000363

[The IFSC Code used in above example is of Ramnathpuram, Coimbatore, Tamil Nadu i.e. “PSIB0000363”].

Cochin also known as Kochi is a Southwest India’s coastal Kerala. It is a major post city by the Arabian Sea on the southern part of India’s west coast. Malayalam is the official language of the state of Kerala; however, English is widely spoken here. Ninety percent of all the pepper that India produces is traded through the International Pepper Exchange at Kochi. Cochin’s best buys for shoppers include metal ware, wood carvings, and articles made of coconut shells, bamboo cane, or rattan.