IFSC Code of Punjab and Sind Bank, Bhind Madhya Pradesh Branch, Madhya Pradesh

Use this page as a one-stop reference for everything related to Punjab and Sind Bank's BHIND MADHYA PRADESH branch in BHIND, MADHYA PRADESH. The branch's IFSC code PSIB0000271 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.

The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.

The IFSC for Punjab and Sind Bank – BHIND MADHYA PRADESH is PSIB0000271. The first four letters PSIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000271 map to this branch in BHIND, MADHYA PRADESH.

About the bank

Punjab and Sind Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Bhind Madhya Pradesh branch in Bhind, Madhya Pradesh is part of this network and uses the IFSC code PSIB0000271 for all electronic settlement.

Branch details at a glance

About the Bhind Madhya Pradesh branch

The Bhind Madhya Pradesh branch of Punjab and Sind Bank is situated at ITAWA ROAD BHIND MADHYA PRADESH 477001. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code PSIB0000271 is used.

Why every Punjab and Sind Bank branch has a unique IFSC

Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including BHIND MADHYA PRADESH of Punjab and Sind Bank — its own 11-character IFSC. The code PSIB0000271 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.

Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC PSIB0000271 the same way you would treat your account number — verify it once and save it carefully for future use.

Account types you can open at the Bhind Madhya Pradesh branch

Once you have an account at Punjab and Sind Bank – BHIND MADHYA PRADESH, the IFSC PSIB0000271 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.

Products and services

Customers walking into the Bhind Madhya Pradesh branch can access most of Punjab and Sind Bank's standard product suite, including:

• Account opening – savings, current, NRI, salary
• Term deposits and recurring deposits
• Retail and small-business loans
• Insurance and mutual-fund tie-ups
• Locker, safe deposit and ATM card services
• Online and mobile banking activation
• Electronic transfers via IFSC PSIB0000271

How to transfer money using IFSC PSIB0000271

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 PSIB0000271 across all three.

How to use IFSC PSIB0000271 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Punjab and Sind Bank's BHIND MADHYA PRADESH 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).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC PSIB0000271.
4. Confirm the bank name auto-populates as Punjab and Sind Bank and the branch as BHIND MADHYA PRADESH.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

Real-Time Gross Settlement to BHIND MADHYA PRADESH

If you need to transfer ₹2 lakh or more in one go to an account at Punjab and Sind Bank's BHIND MADHYA PRADESH branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PSIB0000271 while initiating the transfer and the credit will appear within minutes.

IMPS to Punjab and Sind Bank BHIND MADHYA PRADESH (IFSC PSIB0000271)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PSIB0000271 in your mobile or internet banking app, and the money is credited to the BHIND MADHYA PRADESH branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Bhind Madhya Pradesh

The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC PSIB0000271:

• NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
• RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
• IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
• UPI — best for small peer-to-peer payments using a VPA; the underlying account at BHIND MADHYA PRADESH is still linked to IFSC PSIB0000271.

For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.

UPI payments and IFSC PSIB0000271

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 – BHIND MADHYA PRADESH is still mapped to IFSC PSIB0000271. 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 PSIB0000271 and the beneficiary's account number to complete the transfer.

Online banking and IFSC PSIB0000271

Punjab and Sind Bank customers can register for net banking and the bank's official mobile app once their account at the BHIND MADHYA PRADESH 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 PSIB0000271 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 Bhind Madhya Pradesh branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC PSIB0000271 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Things to verify before sending money

Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Punjab and Sind Bank – BHIND MADHYA PRADESH:

• The IFSC is exactly PSIB0000271 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills Punjab and Sind Bank as the bank name and BHIND MADHYA PRADESH as the branch.
• The amount and the purpose of payment are correct.
• You have a valid OTP-verifying mobile number on hand.

A 30-second review here saves hours of reconciliation later.

How to reach the Bhind Madhya Pradesh branch

The branch is located at ITAWA ROAD BHIND MADHYA PRADESH 477001, which puts it inside Bhind, the broader Bhind district, and the state of Madhya Pradesh. To plan your visit:

1. Open Google Maps on your phone and search for “Punjab and Sind Bank Bhind Madhya Pradesh branch” — the verified location pin for IFSC PSIB0000271 should appear at the top of the results.
2. Confirm the branch is open by calling 91-245815 before stepping out, especially around public holidays.
3. 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 PSIB0000271 and your account number.

Verifying IFSC PSIB0000271 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 PSIB0000271 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 91-245815.
• Visiting the bank's official branch locator page.

Working hours

Branch counters at Bhind Madhya Pradesh are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to PSIB0000271 continue to work without interruption.

Branch address & contact

Frequently asked questions

Final notes

To recap: PSIB0000271 is the IFSC code of Punjab and Sind Bank, BHIND MADHYA PRADESH branch, in BHIND, MADHYA PRADESH. 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.