IFSC Code of Punjab and Sind Bank, Spl Retail Lending Br B Chd Branch, Chandigarh

Use this page as a one-stop reference for everything related to Punjab and Sind Bank's SPL RETAIL LENDING BR B CHD branch in CHANDIGARH, CHANDIGARH. The branch's IFSC code PSIB0021356 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 – SPL RETAIL LENDING BR B CHD is PSIB0021356. The first four letters PSIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 021356 map to this branch in CHANDIGARH, CHANDIGARH.

Branch details at a glance

About Punjab and Sind Bank

Punjab and Sind Bank operates a wide network of branches across India, including the Spl Retail Lending Br B Chd branch in Chandigarh. 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, PSIB0021356.

About the Spl Retail Lending Br B Chd branch

The Spl Retail Lending Br B Chd branch of Punjab and Sind Bank is situated at 17 B CHANDIGARH, PUNJAB. 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 PSIB0021356 is used.

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 SPL RETAIL LENDING BR B CHD branch came to be assigned the code PSIB0021356.

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 PSIB0021356, money simply cannot be routed to the SPL RETAIL LENDING BR B CHD branch electronically.

How to transfer money using IFSC PSIB0021356

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 PSIB0021356 across all three.

NEFT to Punjab and Sind Bank, SPL RETAIL LENDING BR B CHD using IFSC PSIB0021356

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 PSIB0021356, and confirm that the system picks up Punjab and Sind Bank – SPL RETAIL LENDING BR B CHD. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

RTGS transfers via IFSC PSIB0021356

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 – SPL RETAIL LENDING BR B CHD, ensure your bank's portal accepts IFSC PSIB0021356 while registering the beneficiary. RTGS is also available 24x7.

IMPS to Punjab and Sind Bank SPL RETAIL LENDING BR B CHD (IFSC PSIB0021356)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PSIB0021356 in your mobile or internet banking app, and the money is credited to the SPL RETAIL LENDING BR B CHD branch account within seconds.

NEFT vs RTGS vs IMPS — which one should you use?

All three modes accept the IFSC PSIB0021356 for Punjab and Sind Bank – SPL RETAIL LENDING BR B CHD, 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.

For most retail customers crediting the Spl Retail Lending Br B Chd 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 PSIB0021356

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 – SPL RETAIL LENDING BR B CHD is still mapped to IFSC PSIB0021356. 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 PSIB0021356 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the Spl Retail Lending Br B Chd branch is mapped to IFSC PSIB0021356 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 PSIB0021356.

Products and services

Customers walking into the Spl Retail Lending Br B Chd 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 PSIB0021356

MICR & cheque-truncation details

Cheques drawn on the Spl Retail Lending Br B Chd branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC PSIB0021356 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Online banking and IFSC PSIB0021356

Punjab and Sind Bank customers can register for net banking and the bank's official mobile app once their account at the SPL RETAIL LENDING BR B CHD 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 PSIB0021356 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.

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 – SPL RETAIL LENDING BR B CHD:

• The IFSC is exactly PSIB0021356 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 SPL RETAIL LENDING BR B CHD 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 Spl Retail Lending Br B Chd branch

The branch is located at 17 B CHANDIGARH, PUNJAB, which puts it inside Chandigarh, the broader Chandigarh district, and the state of Chandigarh. To plan your visit:

1. Open Google Maps on your phone and search for “Punjab and Sind Bank Spl Retail Lending Br B Chd branch” — the verified location pin for IFSC PSIB0021356 should appear at the top of the results.
2. Confirm the branch is open by calling 172-5026397 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 PSIB0021356 and your account number.

Verifying IFSC PSIB0021356 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 PSIB0021356 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 172-5026397.
• Visiting the bank's official branch locator page.

Working hours

Branch counters at Spl Retail Lending Br B Chd 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 PSIB0021356 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code PSIB0021356 belongs to Punjab and Sind Bank's SPL RETAIL LENDING BR B CHD branch, located at 17 B CHANDIGARH, PUNJAB 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.