This page lists the IFSC code, branch address, contact number and fund-transfer information for Punjab and Sind Bank, BHIWADI branch in BHIWADI. The 11-digit IFSC PSIB0020974 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with Punjab and Sind Bank at the BHIWADI location, this is the only IFSC you need.
We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this branch.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, PSIB0020974 is the IFSC of Punjab and Sind Bank's BHIWADI branch. The format is fixed: PSIB = bank code, 0 = reserved, 020974 = branch identifier.
Bank profile
Punjab and Sind Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Bhiwadi branch — IFSC PSIB0020974 — extends the bank's services to customers in and around Bhiwadi, Rajasthan.
Branch details at a glance
| Bank Name | Punjab and Sind Bank |
|---|---|
| Branch | Bhiwadi |
| IFSC Code | PSIB0020974 |
| MICR Code | Refer to cheque leaf |
| Branch Address | BHIWARI C3A RITCO CHOWK HOTEL SWAGAT BHIWARI DIST ALWAR |
| City | Bhiwadi |
| District | Alwar |
| State | Rajasthan |
| STD Code | 1493 |
| Phone | 220112 |
About this branch
The branch is located at BHIWARI C3A RITCO CHOWK HOTEL SWAGAT BHIWARI DIST ALWAR. It serves the Bhiwadi 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 PSIB0020974 is used to identify this branch on the RBI payments network.
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 BHIWADI of Punjab and Sind Bank — its own 11-character IFSC. The code PSIB0020974 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 PSIB0020974 the same way you would treat your account number — verify it once and save it carefully for future use.
Products and account variants supported
Every account opened at the Bhiwadi branch is mapped to IFSC PSIB0020974 on the RBI payments network. The branch generally supports the full retail product catalogue of Punjab and Sind Bank, including:
- Resident savings accounts and salary accounts
- Current accounts for businesses and professionals
- Fixed deposits, recurring deposits and tax-saver deposits
- Demand drafts, banker's cheques and pay orders
- Retail loans — personal, vehicle, education, gold and home
- Credit cards and overdraft facilities (subject to eligibility)
- Third-party investment products such as mutual funds and insurance (through tie-ups)
Whichever product you choose, the IFSC for incoming credits remains PSIB0020974.
Banking services available
The Bhiwadi branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 1493-220112.
- 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 PSIB0020974
How to transfer money using IFSC PSIB0020974
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 PSIB0020974 across all three.
NEFT to Punjab and Sind Bank, BHIWADI using IFSC PSIB0020974
National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.
To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC PSIB0020974, and confirm that the system picks up Punjab and Sind Bank – BHIWADI. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC PSIB0020974
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 – BHIWADI, ensure your bank's portal accepts IFSC PSIB0020974 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Punjab and Sind Bank BHIWADI (IFSC PSIB0020974)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PSIB0020974 in your mobile or internet banking app, and the money is credited to the BHIWADI branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC PSIB0020974 for Punjab and Sind Bank – BHIWADI, 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 – PSIB0020974 | Yes – PSIB0020974 | Yes – PSIB0020974 |
For most retail customers crediting the Bhiwadi 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 PSIB0020974
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 – BHIWADI is still mapped to IFSC PSIB0020974. 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 PSIB0020974 and the beneficiary's account number to complete the transfer.
Digital banking channels
Most day-to-day work that customers used to do at the Bhiwadi branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC PSIB0020974 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by Punjab and Sind Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC PSIB0020974 and the account number together uniquely identify the Bhiwadi branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
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 – BHIWADI:
- The IFSC is exactly PSIB0020974 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 BHIWADI 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 Bhiwadi branch
The branch is located at BHIWARI C3A RITCO CHOWK HOTEL SWAGAT BHIWARI DIST ALWAR, which puts it inside Bhiwadi, the broader Alwar district, and the state of Rajasthan. To plan your visit:
- Open Google Maps on your phone and search for “Punjab and Sind Bank Bhiwadi branch” — the verified location pin for IFSC PSIB0020974 should appear at the top of the results.
- Confirm the branch is open by calling 1493-220112 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 PSIB0020974 and your account number.
Verifying IFSC PSIB0020974 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 PSIB0020974 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 1493-220112.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Bhiwadi 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 PSIB0020974 continue to work without interruption.
Branch address & contact
Punjab and Sind BankBhiwadi Branch
BHIWARI C3A RITCO CHOWK HOTEL SWAGAT BHIWARI DIST ALWAR
Bhiwadi, Rajasthan
Phone: 1493-220112
IFSC: PSIB0020974
Frequently asked questions
What is the IFSC code of Punjab and Sind Bank Bhiwadi branch?
The IFSC code of Punjab and Sind Bank, Bhiwadi branch is PSIB0020974. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Where is Punjab and Sind Bank Bhiwadi branch located?
Punjab and Sind Bank's Bhiwadi branch is located at BHIWARI C3A RITCO CHOWK HOTEL SWAGAT BHIWARI DIST ALWAR, Bhiwadi, Rajasthan.
Does Punjab and Sind Bank Bhiwadi branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 1493-220112 to confirm.
How quickly will an NEFT transfer using PSIB0020974 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Punjab and Sind Bank – Bhiwadi reflect within 30 minutes.
Is IFSC PSIB0020974 the same for all accounts at Bhiwadi branch?
Yes. The IFSC PSIB0020974 is shared by every account held at Punjab and Sind Bank's Bhiwadi branch. Only the account number changes from customer to customer.
Can I use IFSC PSIB0020974 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC PSIB0020974 to send funds instantly.
What is the phone number of Punjab and Sind Bank Bhiwadi branch?
You can reach the branch at 1493-220112 during regular banking hours.
Summary
The IFSC code PSIB0020974 belongs to Punjab and Sind Bank's BHIWADI branch, located at BHIWARI C3A RITCO CHOWK HOTEL SWAGAT BHIWARI DIST ALWAR in BHIWADI, RAJASTHAN. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.
