IFSC Code of Pavana Sahakari Bank Ltd, Punawale Branch Branch, Maharashtra

Use this page as a one-stop reference for everything related to Pavana Sahakari Bank Ltd's PUNAWALE BRANCH branch in PUNE, MAHARASHTRA. The branch's IFSC code PSBL0000024 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.

The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.

The IFSC for Pavana Sahakari Bank Ltd – PUNAWALE BRANCH is PSBL0000024. The first four letters PSBL are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000024 map to this branch in PUNE, MAHARASHTRA.

About the bank

Pavana Sahakari Bank Ltd serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Punawale Branch branch in Pune, Maharashtra is part of this network and uses the IFSC code PSBL0000024 for all electronic settlement.

About this branch

The branch is located at SURVEY NO-46, HISSA NO -1/2, SHOP NO-6 & 7, GROUND FLOOR, INTINITY QUIBE BUILDING, PUNAWALE, PUNE - 411033.. It serves the Pune region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Pavana Sahakari Bank Ltd. The IFSC PSBL0000024 is used to identify this branch on the RBI payments network.

Branch details at a glance

Why every Pavana Sahakari Bank Ltd branch has a unique IFSC

Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including PUNAWALE BRANCH of Pavana Sahakari Bank Ltd — its own 11-character IFSC. The code PSBL0000024 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.

Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC PSBL0000024 the same way you would treat your account number — verify it once and save it carefully for future use.

MICR & cheque-truncation details

Cheques drawn on the Punawale Branch branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC PSBL0000024 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

How to transfer money using IFSC PSBL0000024

Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC PSBL0000024 across all three.

NEFT to Pavana Sahakari Bank Ltd, PUNAWALE BRANCH using IFSC PSBL0000024

National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.

To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC PSBL0000024, and confirm that the system picks up Pavana Sahakari Bank Ltd – PUNAWALE BRANCH. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to PUNAWALE BRANCH

If you need to transfer ₹2 lakh or more in one go to an account at Pavana Sahakari Bank Ltd's PUNAWALE BRANCH branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PSBL0000024 while initiating the transfer and the credit will appear within minutes.

Send money instantly through IMPS

For a real-time, anytime transfer to Pavana Sahakari Bank Ltd – PUNAWALE BRANCH, use IMPS. With IFSC PSBL0000024 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

NEFT vs RTGS vs IMPS — which one should you use?

All three modes accept the IFSC PSBL0000024 for Pavana Sahakari Bank Ltd – PUNAWALE BRANCH, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.

For most retail customers crediting the Punawale Branch branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.

How UPI relates to the IFSC code

UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Pavana Sahakari Bank Ltd's PUNAWALE BRANCH branch, the IFSC PSBL0000024 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.

That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.

Products and account variants supported

Every account opened at the Punawale Branch branch is mapped to IFSC PSBL0000024 on the RBI payments network. The branch generally supports the full retail product catalogue of Pavana Sahakari Bank Ltd, including:

• Resident savings accounts and salary accounts
• Current accounts for businesses and professionals
• Fixed deposits, recurring deposits and tax-saver deposits
• Demand drafts, banker's cheques and pay orders
• Retail loans — personal, vehicle, education, gold and home
• Credit cards and overdraft facilities (subject to eligibility)
• Third-party investment products such as mutual funds and insurance (through tie-ups)

Whichever product you choose, the IFSC for incoming credits remains PSBL0000024.

Products and services

Customers walking into the Punawale Branch branch can access most of Pavana Sahakari Bank Ltd's standard product suite, including:

• Account opening – savings, current, NRI, salary
• Term deposits and recurring deposits
• Retail and small-business loans
• Insurance and mutual-fund tie-ups
• Locker, safe deposit and ATM card services
• Online and mobile banking activation
• Electronic transfers via IFSC PSBL0000024

Online banking and IFSC PSBL0000024

Pavana Sahakari Bank Ltd customers can register for net banking and the bank's official mobile app once their account at the PUNAWALE BRANCH branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC PSBL0000024 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.

How to reach the Punawale Branch branch

The branch is located at SURVEY NO-46, HISSA NO -1/2, SHOP NO-6 & 7, GROUND FLOOR, INTINITY QUIBE BUILDING, PUNAWALE, PUNE - 411033., which puts it inside Pune, the broader Pune district, and the state of Maharashtra. To plan your visit:

1. Open Google Maps on your phone and search for “Pavana Sahakari Bank Ltd Punawale Branch branch” — the verified location pin for IFSC PSBL0000024 should appear at the top of the results.
2. Confirm the branch is open by calling 20-0 before stepping out, especially around public holidays.
3. Carry photo ID and any account-related documents you may need for the transaction you plan to do.

Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC PSBL0000024 and your account number.

Common mistakes to avoid when using IFSC PSBL0000024

An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Pavana Sahakari Bank Ltd – PUNAWALE BRANCH, double-check for these issues:

• Confusing 0 with O. The fifth character of every IFSC is the digit 0, not the letter O. Read carefully.
• Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters: PSBL0000024.
• Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
• Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
• Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.

Branch banking hours and holidays

Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Punawale Branch branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC PSBL0000024, however, work 24x7.

Verifying IFSC PSBL0000024 from official sources

The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm PSBL0000024 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 20-0.
• Visiting the bank's official branch locator page.

Branch address & contact

Frequently asked questions

Summary

The IFSC code PSBL0000024 belongs to Pavana Sahakari Bank Ltd's PUNAWALE BRANCH branch, located at SURVEY NO-46, HISSA NO -1/2, SHOP NO-6 & 7, GROUND FLOOR, INTINITY QUIBE… in PUNE, MAHARASHTRA. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.