IFSC Code of Punjab and Sind Bank, Rstc Sec Viii Chandighar Branch, Chandigarh

If you are searching for the IFSC code of Punjab and Sind Bank, RSTC SEC VIII CHANDIGHAR branch in CHANDIGARH, CHANDIGARH, this page has every detail you need. The verified IFSC code for this branch is PSIB0000856. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.

You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the RSTC SEC VIII CHANDIGHAR branch, and detailed step-by-step guides for using the IFSC PSIB0000856 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular branch.

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 – RSTC SEC VIII CHANDIGHAR is PSIB0000856. The first four letters PSIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000856 map to this branch in CHANDIGARH, CHANDIGARH.

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 Rstc Sec Viii Chandighar branch in Chandigarh, Chandigarh is part of this network and uses the IFSC code PSIB0000856 for all electronic settlement.

About this branch

The branch is located at KOTHI NO 8 SECTOR 8 CHANDIGARH 160009. It serves the Chandigarh 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 PSIB0000856 is used to identify this branch on the RBI payments network.

Branch details at a glance

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 RSTC SEC VIII CHANDIGHAR branch came to be assigned the code PSIB0000856.

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 PSIB0000856, money simply cannot be routed to the RSTC SEC VIII CHANDIGHAR branch electronically.

MICR & cheque-truncation details

Cheques drawn on the Rstc Sec Viii Chandighar branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC PSIB0000856 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

How to transfer money using IFSC PSIB0000856

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 PSIB0000856 across all three.

NEFT to Punjab and Sind Bank, RSTC SEC VIII CHANDIGHAR using IFSC PSIB0000856

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 PSIB0000856, and confirm that the system picks up Punjab and Sind Bank – RSTC SEC VIII CHANDIGHAR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to RSTC SEC VIII CHANDIGHAR

If you need to transfer ₹2 lakh or more in one go to an account at Punjab and Sind Bank's RSTC SEC VIII CHANDIGHAR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PSIB0000856 while initiating the transfer and the credit will appear within minutes.

IMPS to Punjab and Sind Bank RSTC SEC VIII CHANDIGHAR (IFSC PSIB0000856)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PSIB0000856 in your mobile or internet banking app, and the money is credited to the RSTC SEC VIII CHANDIGHAR branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Rstc Sec Viii Chandighar

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 PSIB0000856:

• 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 RSTC SEC VIII CHANDIGHAR is still linked to IFSC PSIB0000856.

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 PSIB0000856

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 – RSTC SEC VIII CHANDIGHAR is still mapped to IFSC PSIB0000856. 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 PSIB0000856 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the Rstc Sec Viii Chandighar branch is mapped to IFSC PSIB0000856 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 PSIB0000856.

Banking services available

The Rstc Sec Viii Chandighar branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-8727042403.

• 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 PSIB0000856

Online banking and IFSC PSIB0000856

Punjab and Sind Bank customers can register for net banking and the bank's official mobile app once their account at the RSTC SEC VIII CHANDIGHAR 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 PSIB0000856 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.

Reaching the branch

The Rstc Sec Viii Chandighar branch sits at KOTHI NO 8 SECTOR 8 CHANDIGARH 160009. If you are travelling from outside Chandigarh, search for the branch on a maps application using the bank name and locality, or call 91-8727042403 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC PSIB0000856 and your account number.

Common mistakes to avoid when using IFSC PSIB0000856

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 – RSTC SEC VIII CHANDIGHAR, 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: PSIB0000856.
• 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.

Working hours

Branch counters at Rstc Sec Viii Chandighar 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 PSIB0000856 continue to work without interruption.

Other ways to verify the IFSC code

While this page already lists the verified IFSC PSIB0000856 for Punjab and Sind Bank – RSTC SEC VIII CHANDIGHAR, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Branch address & contact

Frequently asked questions

Summary

The IFSC code PSIB0000856 belongs to Punjab and Sind Bank's RSTC SEC VIII CHANDIGHAR branch, located at KOTHI NO 8 SECTOR 8 CHANDIGARH 160009 in CHANDIGARH, CHANDIGARH. 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.