Use this page as a one-stop reference for everything related to Punjab and Sind Bank's AMRITSAR KHALSA COLLEGE branch in AMRITSAR, PUNJAB. The branch's IFSC code PSIB0000031 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.
An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.
For Punjab and Sind Bank's AMRITSAR KHALSA COLLEGE branch, the IFSC PSIB0000031 breaks down as follows: PSIB identifies the bank, 0 is the reserved character, and 000031 identifies this particular branch.
About Punjab and Sind Bank
Punjab and Sind Bank operates a wide network of branches across India, including the Amritsar Khalsa College branch in Amritsar. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, PSIB0000031.
Branch details at a glance
| Bank Name | Punjab and Sind Bank |
|---|---|
| Branch | Amritsar Khalsa College |
| IFSC Code | PSIB0000031 |
| MICR Code | Refer to cheque leaf |
| Branch Address | KHALSA COLLEGE, AMRITSAR |
| City | Amritsar |
| District | Amritsar |
| State | Punjab |
| STD Code | 183 |
| Phone | 2482571 |
About this branch
The branch is located at KHALSA COLLEGE, AMRITSAR. It serves the Amritsar region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Punjab and Sind Bank. The IFSC PSIB0000031 is used to identify this branch on the RBI payments network.
The role of IFSC in India's payments network
India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Punjab and Sind Bank's AMRITSAR KHALSA COLLEGE branch came to be assigned the code PSIB0000031.
Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC PSIB0000031, money simply cannot be routed to the AMRITSAR KHALSA COLLEGE branch electronically.
Account types you can open at the Amritsar Khalsa College branch
Once you have an account at Punjab and Sind Bank – AMRITSAR KHALSA COLLEGE, the IFSC PSIB0000031 stays the same regardless of the type of account you hold. The branch typically supports the following options:
- Savings account — for individuals, with chequebook, ATM card and net-banking access.
- Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
- Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
- NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
- Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
- Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
- Minor and student accounts — operated jointly with a guardian until the customer turns 18.
Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.
Banking services available
The Amritsar Khalsa College branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 183-2482571.
- Savings, current and salary accounts
- Fixed deposits and recurring deposits
- Personal, vehicle and home loans
- Demat and investment products (where supported)
- Internet banking and mobile banking enrolment
- Debit and credit card issuance
- Locker facilities (subject to availability)
- Foreign exchange services (at authorised branches)
- Bill payments, demand drafts and pay orders
- NEFT / RTGS / IMPS / UPI fund transfers using IFSC PSIB0000031
How to transfer money using IFSC PSIB0000031
Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC PSIB0000031 across all three.
How to use IFSC PSIB0000031 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Punjab and Sind Bank's AMRITSAR KHALSA COLLEGE branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC PSIB0000031.
- Confirm the bank name auto-populates as Punjab and Sind Bank and the branch as AMRITSAR KHALSA COLLEGE.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC PSIB0000031
RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Punjab and Sind Bank – AMRITSAR KHALSA COLLEGE, ensure your bank's portal accepts IFSC PSIB0000031 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Punjab and Sind Bank AMRITSAR KHALSA COLLEGE (IFSC PSIB0000031)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PSIB0000031 in your mobile or internet banking app, and the money is credited to the AMRITSAR KHALSA COLLEGE branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC PSIB0000031 for Punjab and Sind Bank – AMRITSAR KHALSA COLLEGE, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – PSIB0000031 | Yes – PSIB0000031 | Yes – PSIB0000031 |
For most retail customers crediting the Amritsar Khalsa College branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.
UPI payments and IFSC PSIB0000031
UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Punjab and Sind Bank – AMRITSAR KHALSA COLLEGE is still mapped to IFSC PSIB0000031. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.
If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC PSIB0000031 and the beneficiary's account number to complete the transfer.
Online banking and IFSC PSIB0000031
Punjab and Sind Bank customers can register for net banking and the bank's official mobile app once their account at the AMRITSAR KHALSA COLLEGE branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC PSIB0000031 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
MICR & cheque-truncation details
Cheques drawn on the Amritsar Khalsa College branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC PSIB0000031 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Common mistakes to avoid when using IFSC PSIB0000031
An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Punjab and Sind Bank – AMRITSAR KHALSA COLLEGE, double-check for these issues:
- Confusing 0 with O. The fifth character of every IFSC is the digit
0, not the letter O. Read carefully. - Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters:
PSIB0000031. - Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
- Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
- Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.
How to reach the Amritsar Khalsa College branch
The branch is located at KHALSA COLLEGE, AMRITSAR, which puts it inside Amritsar, the broader Amritsar district, and the state of Punjab. To plan your visit:
- Open Google Maps on your phone and search for “Punjab and Sind Bank Amritsar Khalsa College branch” — the verified location pin for IFSC PSIB0000031 should appear at the top of the results.
- Confirm the branch is open by calling 183-2482571 before stepping out, especially around public holidays.
- Carry photo ID and any account-related documents you may need for the transaction you plan to do.
Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC PSIB0000031 and your account number.
Verifying IFSC PSIB0000031 from official sources
The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm PSIB0000031 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 183-2482571.
- Visiting the bank's official branch locator page.
Branch banking hours and holidays
Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Amritsar Khalsa College branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC PSIB0000031, however, work 24x7.
Branch address & contact
Punjab and Sind BankAmritsar Khalsa College Branch
KHALSA COLLEGE, AMRITSAR
Amritsar, Punjab
Phone: 183-2482571
IFSC: PSIB0000031
Frequently asked questions
Where is Punjab and Sind Bank Amritsar Khalsa College branch located?
Punjab and Sind Bank's Amritsar Khalsa College branch is located at KHALSA COLLEGE, AMRITSAR, Amritsar, Punjab.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Amritsar Khalsa College branch but serve different purposes.
Is IFSC PSIB0000031 the same for all accounts at Amritsar Khalsa College branch?
Yes. The IFSC PSIB0000031 is shared by every account held at Punjab and Sind Bank's Amritsar Khalsa College branch. Only the account number changes from customer to customer.
What is the IFSC code of Punjab and Sind Bank Amritsar Khalsa College branch?
The IFSC code of Punjab and Sind Bank, Amritsar Khalsa College branch is PSIB0000031. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
How do I add Punjab and Sind Bank Amritsar Khalsa College as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC PSIB0000031, and complete OTP verification. Once activated, you can transfer funds at any time.
Can I use IFSC PSIB0000031 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC PSIB0000031 to send funds instantly.
Final notes
To recap: PSIB0000031 is the IFSC code of Punjab and Sind Bank, AMRITSAR KHALSA COLLEGE branch, in AMRITSAR, PUNJAB. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.
