Menu

Home » BSR code » Idbi Bank » Punjab


Search BSR Codes of IDBI Bank in Punjab


Idbi Bank Punjab BSR Code


BSR Codes of IDBI Bank in Amritsar BSR Codes of IDBI Bank in Bhatinda BSR Codes of IDBI Bank in Faridkot BSR Codes of IDBI Bank in Fatehgarh Sahib BSR Codes of IDBI Bank in Ferozpur BSR Codes of IDBI Bank in Firozpur BSR Codes of IDBI Bank in Gurdaspur BSR Codes of IDBI Bank in Hoshiarpur BSR Codes of IDBI Bank in Jalandhar BSR Codes of IDBI Bank in Kapurthala BSR Codes of IDBI Bank in Ludhiana BSR Codes of IDBI Bank in Mansa BSR Codes of IDBI Bank in Moga BSR Codes of IDBI Bank in Nawanshahr BSR Codes of IDBI Bank in Patiala BSR Codes of IDBI Bank in Roopnagar BSR Codes of IDBI Bank in Rupnagar BSR Codes of IDBI Bank in Sangnur BSR Codes of IDBI Bank in Sangrur BSR Codes of IDBI Bank in Shahid Bhagat Singh Nagar BSR Codes of IDBI Bank in Tarn Taran



















What is BSR Code for IDBI Bank’s Branches in Punjab

BSR stands for BASIC STATISTICAL RETURNS. BSR code is a seven-digit code allotted by Reserve Bank of India to all the registered banks in India. The first three digits out of the seven represent IDBI Bank whereas the remaining four digits represent IDBI Bank’s branch in Punjab.

Where is IDBI Bank’s Punjab BSR code used

Basic Statistical Returns is a system, which tries to integrate the data relating to various commercial banks and promotes the filling of the same with RBI at regular intervals. It is used in 3 particular places:

  • When TDS/TCS returns are being filed, BSR code is used in challan details and deductee details. This system is used to maintain records of the online payments and alerts the Income Tax department about the payment through banks.
  • BSR Codes also assist any international tax authority to track the payment made by an individual to a foreign country.
  • BSR Codes enables the senior citizens to receive pensions earlier.

How are IDBI Bank’s Punjab BSR and CIN used

CIN or Challan Identification Number is a 20-digit unique identification number that can be found on the taxpayer’s counterfoil. BSR code is used in combination with the CIN number which also comprises of the date of deposit (dd/ mm/ yy i.e. six digits) and the challan serial number in 5 digits. CIN is always unique for each challan throughout the country and thus, helps in identifying the challan in the OLTAS.


What is the difference between IDBI Bank’s Punjab BSR code and IFSC code?

Although, both IFSC codes and BSR codes help uniquely identify a particular bank branch, they are different in 2 ways.
5. The number of digits used to represent each code is different. IFSC is an 11-digit alphanumeric code, while BSR code is a seven-digit code.
6. An IFSC code is used while making online money transfers through RTGS (Real-time gross settlement systems) and NEFT (national electronic fund transfer), while BSR codes are used for filing online TDS/TCS returns or for easy distribution of pension among retired Government employees