Punjab & Sind Bank · Ratlam

Punjab and Sind Palash IFSC code

IFSC code

✔ In RBI list v2.0.62

PSIB0021153

MICR code

457City

023Bank

501Branch

IFSC code: PSIB0021153
MICR code: 457023501
Bank: Punjab & Sind Bank
Branch: Palash
Address: VILL PALASHDISTT RATLAM MADHYA PRADESH 457001
City: Ratlam
District: Ratlam
State: Madhya Pradesh
Bank code: PSIB
Branch code: 021153
Contact: +917415795176
Payment systems: NEFT, RTGS, IMPS, UPI

Quick summary✔ RBI data Last synced 24 October 2026 · release v2.0.62

The IFSC code of Punjab & Sind Bank, Palash branch (Ratlam, Madhya Pradesh) is PSIB0021153. Its MICR code is 457023501. Use the IFSC for NEFT, RTGS and IMPS transfers to accounts at this branch.

Branch overview

Bank code PSIB — identifies Punjab & Sind Bank
5th character 0 — reserved by the RBI
Branch code 021153 — identifies Palash
MICR 457023501 — city 457, bank 023, branch 501
Payments NEFT, RTGS, IMPS, UPI

Sources & verification

✔ Official source: RBI IFSC & MICR master list
✔ Dataset release v2.0.62
✔ Last updated 24 October 2026
✔ Format checked (11-character IFSC, 9-digit MICR)

Other Punjab and Sind branches in Ratlam

Branch	IFSC	MICR
Ratlam 9 STATION ROAD RATLAM 457001	PSIB0000594	457023002
Lalguwadi VILLAGE LALGUWADI,BLOCK RATLAM,DISTT.RATLAM 457001,MADHYA PRADESH	PSIB0021298	457023502

Frequently asked questions

What is the IFSC code of Punjab and Sind Palash?

PSIB0021153. It identifies the Palash branch of Punjab & Sind Bank in Ratlam, Madhya Pradesh.

What is the MICR code of Punjab and Sind Palash?

457023501. It is printed at the bottom of cheques issued by this branch.

Where is Punjab and Sind Palash branch?

VILL PALASHDISTT RATLAM MADHYA PRADESH 457001, Madhya Pradesh.

Does PSIB0021153 support NEFT, RTGS and IMPS?

Yes: the RBI list shows NEFT, RTGS, IMPS and UPI for this branch.

What do the parts of PSIB0021153 mean?

PSIB is the bank code of Punjab & Sind Bank, the 5th character "0" is reserved by the RBI, and 021153 is the branch code of Palash.

How many Punjab and Sind branches are in Ratlam?

3. Each has its own IFSC code.