What is bsr code of bank

The BSR (Basic Statistical Return) code is a unique seven-digit numerical code assigned by the Reserve Bank of India (RBI) to every registered bank branch in India. The first three digits identify the bank, while the remaining four identify the specific branch. Primarily used for regulatory and statistical purposes, it helps the Income Tax Department track tax-related transactions like TDS and TCS payments. It is also an essential component of the Challan Identification Number (CIN) and is used for processing pension disbursements accurately.