What is bsr code

BSR Code stands for Basic Statistical Return code. It is a unique seven-digit numerical code assigned by the Reserve Bank of India (RBI) to every registered bank branch in India. The code is structured such that the first three digits identify the bank, while the remaining four digits identify the specific branch. Key uses include:

• Tracking tax-related transactions like TDS and TCS
• Assisting the Income Tax Department in monitoring digital payments
• Facilitating accurate pension disbursements for senior citizens
• Helping the RBI collect and analyze banking sector data