PYTM0123456: Latest IFSC Code Lookup, Branch Address & Transaction Guide

When you’re conducting any online banking or money transfer in India, one essential detail you need is the IFSC code — an alphanumeric identifier that tells the banking system exactly which bank and branch to send your funds to. In this guide, we focus on PYTM0123456 — the IFSC code for a specific branch of Paytm Payments Bank Ltd. This article explains what the code means, where the branch is located, and how to use it safely and effectively for transactions like NEFT, RTGS, and IMPS. You’ll also learn how to verify details, common banking procedures, and important tips to avoid errors.

Key Highlights

• PYTM0123456 is the Indian Financial System Code (IFSC) for Paytm Payments Bank Ltd, Noida Branch.
• The branch is located at B-121, Sector-5, Noida-201301, Uttar Pradesh.
• This IFSC code enables online fund transfers via NEFT, RTGS, and IMPS.
• IFSC codes are standardized 11-character alphanumeric identifiers assigned by the Reserve Bank of India (RBI).
• The code format reflects bank, branch, and system routing information.

Quick Reference: PYTM0123456 at a Glance

Aspect	Detail	Notes
IFSC Code	PYTM0123456	Unique code used for electronic transfers
Bank	Paytm Payments Bank Ltd	Digital-first bank in India
Branch	Noida Branch	Gautam Buddh Nagar, Uttar Pradesh
Address	B-121, Sector-5, Noida-201301	Official branch address
Supported Transfers	NEFT, RTGS, IMPS	UPI may be available via app
MICR Code	Not Available	MICR not provided for this branch

What Is an IFSC Code?

Indian Financial System Code (IFSC) is an 11-character alphanumeric code used to uniquely identify a bank branch in India for the purpose of electronic funds transfer. The format includes:

• First 4 characters – Bank identifier (e.g., PYTM for Paytm Payments Bank).
• 5th character – Always ‘0’ (reserved).
• Last 6 characters – Specific branch code (e.g., 123456).

The Reserve Bank of India assigns IFSC codes to all bank branches participating in systems such as NEFT, RTGS, and IMPS to enable accurate electronic routing of payment instructions.

PYTM0123456: Branch Location and Contact

PYTM0123456 corresponds to the Noida Branch of Paytm Payments Bank Ltd, situated in the Gautam Buddh Nagar district of Uttar Pradesh. The detailed address is:

• Paytm Payments Bank Ltd
  B-121, Sector-5
  Noida-201301
  Gautam Buddh Nagar, Uttar Pradesh
  India

Information such as the branch contact phone number often appears across directory listings and may differ by source; one commonly cited contact is +91 11-33996699.

How PYTM0123456 Is Used in Transactions

1. NEFT (National Electronic Funds Transfer)

NEFT is a batch-based settlement system that allows fund transfers between bank accounts across India. When you add a beneficiary in online banking or a mobile banking app, you must provide:

• Beneficiary’s name
• Account number
• IFSC Code (e.g., PYTM0123456)

NEFT does not have a minimum amount limit, and transfers typically settle at regular intervals throughout the day.

2. RTGS (Real Time Gross Settlement)

RTGS is used for large-value transfers, typically amounts above a threshold stipulated by the bank (often ₹2 lakh). RTGS transactions settle in real time individually once initiated. The required details are the same as NEFT, with correct IFSC coding being crucial.

3. IMPS (Immediate Payment Service)

IMPS enables instant domestic transfers 24/7, including bank holidays. To use IMPS, the critical data remains:

• Recipient account number
• IFSC code (PYTM0123456)
• Transfer amount

Because IMPS works around the clock, it’s often preferred for urgent, lower-value transfers (typically up to ₹2 lakh per transaction).

How to Verify PYTM0123456

Before initiating any electronic payment, verify details:

• Check printed bank documentation – Passbooks and cheque leaves usually display the correct IFSC code.
• Verify via bank platforms – Many banks and the RBI provide official IFSC lists on websites and mobile banking apps.
• Avoid third-party mistakes – Always double-check the beneficiary’s IFSC and account number to prevent failed or misrouted payments.

Common Issues and Troubleshooting

When using IFSC codes like PYTM0123456, you might encounter challenges and errors:

Incorrect IFSC Entry

Entering an incorrect IFSC code will cause the transaction to fail. Double-check all characters, especially since “0” (zero) and the letter “O” can be confused.

Account Status or Banking Limits

If the beneficiary account is inactive, closed, or under certain RBI restrictions, transactions may be blocked. Contact the bank for clarification.

Non-Availability of MICR Code

MICR (Magnetic Ink Character Recognition) codes are mainly used for cheque processing and are not always necessary for online transfers. For PYTM0123456, the MICR code is not provided.

Practical Tips for Users

• Maintain Accurate Records: Keep a digital or printed copy of essential bank details, including the IFSC code.
• Use Official Sources: Prefer official bank or RBI resources for critical information to prevent outdated data.
• Learn the Format: Understanding how IFSC codes work helps in recognizing genuine codes and spotting errors quickly.
• Confirm Large Transfers: For high-value RTGS transactions, verify the beneficiary details by phone or in person before submitting.

Conclusion

The IFSC code PYTM0123456 identifies the Noida Branch of Paytm Payments Bank Ltd and is essential for facilitating electronic money transfers across India. Knowing what this code means, where it applies, and how to use it safely protects you from transaction errors, avoids delays, and ensures funds reach the correct destination. Whether you are making routine NEFT payments, urgent IMPS transfers, or large RTGS settlements, accurate use of PYTM0123456 is a key part of seamless digital banking.

Read More: Sarva UP Gramin Bank IFSC Code List: Updated 2026 Branch Directory