BSR Code is short form for BASIC STATISTICAL RETURNS. It constitutes of a 7 digit code primarily used for filling TDS/TCS returns. BSR code help banks to keep record of every online payment done towards tax. BSR Codes is usually prominant in TDS certificates, in OLTAS challan & deduct details, in Challan Identification Number (CIN) which is unique for each challan. BSR code is very helpful for a Govt. Of India pensioner to get their pension, the Bank A/C No. along with the bank BSR code is used by the pensioners to get their pension.