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

Below are the complete branch details for Pavana Sahakari Bank Ltd, SHIKRAPUR branch, located in PUNE, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is PSBL0000020. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.

The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case PSBL0000020 for Pavana Sahakari Bank Ltd – SHIKRAPUR — saves you from rejected transfers, returned credits and the back-and-forth that follows them.

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 – SHIKRAPUR is PSBL0000020. The first four letters PSBL are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000020 map to this branch in PUNE, MAHARASHTRA.

Bank profile

Pavana Sahakari Bank Ltd is among the recognised banks listed on the Reserve Bank of India's payments network. The Shikrapur branch — IFSC PSBL0000020 — extends the bank's services to customers in and around Pune, Maharashtra.

About this branch

The branch is located at GAT NO 466/2,SHOP NO10&11,JAGTAP COMPLEX,SHIKRAPUR,TAL.SHIRUR,DIST.PUNE PIN CODE - 412208. 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 PSBL0000020 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 SHIKRAPUR of Pavana Sahakari Bank Ltd — its own 11-character IFSC. The code PSBL0000020 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 PSBL0000020 the same way you would treat your account number — verify it once and save it carefully for future use.

MICR code & cheque clearing

Apart from IFSC, every cheque book issued by Pavana Sahakari Bank Ltd carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC PSBL0000020 and the account number together uniquely identify the Shikrapur branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

How to transfer money using IFSC PSBL0000020

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 PSBL0000020 across all three.

How to use IFSC PSBL0000020 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Pavana Sahakari Bank Ltd's SHIKRAPUR branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC PSBL0000020.
4. Confirm the bank name auto-populates as Pavana Sahakari Bank Ltd and the branch as SHIKRAPUR.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

RTGS transfers via IFSC PSBL0000020

RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Pavana Sahakari Bank Ltd – SHIKRAPUR, ensure your bank's portal accepts IFSC PSBL0000020 while registering the beneficiary. RTGS is also available 24x7.

Send money instantly through IMPS

For a real-time, anytime transfer to Pavana Sahakari Bank Ltd – SHIKRAPUR, use IMPS. With IFSC PSBL0000020 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

Comparing NEFT, RTGS and IMPS for transfers to Shikrapur

The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC PSBL0000020:

• NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
• RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
• IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
• UPI — best for small peer-to-peer payments using a VPA; the underlying account at SHIKRAPUR is still linked to IFSC PSBL0000020.

For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.

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 SHIKRAPUR branch, the IFSC PSBL0000020 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 Shikrapur branch is mapped to IFSC PSBL0000020 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 PSBL0000020.

Products and services

Customers walking into the Shikrapur 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 PSBL0000020

Online banking and IFSC PSBL0000020

Pavana Sahakari Bank Ltd customers can register for net banking and the bank's official mobile app once their account at the SHIKRAPUR 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 PSBL0000020 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 Shikrapur branch

The branch is located at GAT NO 466/2,SHOP NO10&11,JAGTAP COMPLEX,SHIKRAPUR,TAL.SHIRUR,DIST.PUNE PIN CODE - 412208, 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 Shikrapur branch” — the verified location pin for IFSC PSBL0000020 should appear at the top of the results.
2. Confirm the branch is open by calling 20-8237085814 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 PSBL0000020 and your account number.

Things to verify before sending money

Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Pavana Sahakari Bank Ltd – SHIKRAPUR:

• The IFSC is exactly PSBL0000020 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills Pavana Sahakari Bank Ltd as the bank name and SHIKRAPUR as the branch.
• The amount and the purpose of payment are correct.
• You have a valid OTP-verifying mobile number on hand.

A 30-second review here saves hours of reconciliation later.

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 Shikrapur branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC PSBL0000020, however, work 24x7.

Other ways to verify the IFSC code

While this page already lists the verified IFSC PSBL0000020 for Pavana Sahakari Bank Ltd – SHIKRAPUR, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Branch address & contact

Frequently asked questions

Summary

The IFSC code PSBL0000020 belongs to Pavana Sahakari Bank Ltd's SHIKRAPUR branch, located at GAT NO 466/2,SHOP NO10&11,JAGTAP COMPLEX,SHIKRAPUR,TAL.SHIRUR,DIST.PUNE PIN… 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.