It is very important to find IFSC code PSIB0000516 of correct branch before initiating a NEFT or RTGS or IMPS transfer. Though all banks will have a mechanism to verify the IFSC Code, Bank Branch, Account Type and Name and any mismatch will result in failed transaction!
The best and simplest place to verify PSIB0000516 IFSC code branch is the cheque book. Most banks now print IFSC Codes on the cheque books. Also, your account pass book should have the IFSC Code printed.
PSIB0000516 is the IFSC Code for Midda branch of Punjab And Sind Bank. This can be used for online funds transfer via NEFT, RTGS amd IMPS to Punjab And Sind Bank account. The address of Midda branch is Midda, distt. Muktsar, punjab - 151210, which is located in Midda District of Punjab State.
In Punjab Sind Bank IFSC Code, the first 4 characters (PSIB) represent the bank name, 5th character is 0 (ZERO), which is reserved for future use. The last 6 characters (000516) represent the PSB Bank branch code.