PSIB0021298 — Punjab & Sind Bank, Lalguwadi
PSIB0021298 is the IFSC code of Punjab & Sind Bank, Lalguwadi branch, Ratlam, Madhya Pradesh. MICR 457023502. NEFT yes, RTGS yes, IMPS yes.
| IFSC code | PSIB0021298 |
|---|---|
| Bank | Punjab & Sind Bank |
| Branch | Lalguwadi |
| Address | VILLAGE LALGUWADI,BLOCK RATLAM,DISTT.RATLAM 457001,MADHYA PRADESH |
| City | Ratlam |
| District | Ratlam |
| State | Madhya Pradesh |
| MICR code | 457023502 |
| SWIFT code | — |
| Phone | +918085905822 |
| NEFT | Yes |
| RTGS | Yes |
| IMPS | Yes |
| UPI | Yes |
Source: Reserve Bank of India IFSC/MICR list, as compiled by the open-source Razorpay IFSC dataset (MIT licence), updated 08 Nov 2026. Always confirm the IFSC with your bank before sending money.
How to read IFSC PSIB0021298
| Part | Meaning |
|---|---|
| PSIB | Bank code – Punjab & Sind Bank |
| 0 | Fifth character, always zero (kept for future use) |
| 021298 | Branch code – Lalguwadi, Ratlam |
The MICR code 457023502 is printed at the bottom of cheques from this branch: 457 is the city code, 023 the bank code and 502 the branch code. MICR is used only for cheque clearing; online transfers need the IFSC.
Sending money to Punjab & Sind Bank, Lalguwadi
Payments this branch can receive using IFSC PSIB0021298:
- NEFT – available 24×7, all days; RBI sets no minimum or maximum amount (your bank may set its own limit).
- RTGS – for ₹2 lakh and above, settled in real time, 24×7.
- IMPS – instant transfer 24×7, usually up to ₹5 lakh per transaction.
- UPI – accounts at this branch can be linked to UPI apps.
To pay someone here you need their account number, the account holder’s name and the IFSC PSIB0021298.
Questions about IFSC PSIB0021298
What is the IFSC code of Punjab & Sind Bank, Lalguwadi branch?
The IFSC code of Punjab & Sind Bank, Lalguwadi branch (Ratlam, Madhya Pradesh) is PSIB0021298.
What is the MICR code of Punjab & Sind Bank, Lalguwadi?
The MICR code of this branch is 457023502.
Where is Punjab & Sind Bank, Lalguwadi branch located?
The branch address is VILLAGE LALGUWADI,BLOCK RATLAM,DISTT.RATLAM 457001,MADHYA PRADESH (Madhya Pradesh).
Does PSIB0021298 support RTGS and NEFT?
NEFT: yes. RTGS: yes. IMPS: yes (as per the RBI list in our records).
Income tax refund not received?
A refund fails when the bank account on the income tax portal is not pre-validated or the IFSC has changed after a bank merger. We fix the account, raise a refund re-issue request and follow up — online, anywhere in India.