If you are searching for the IFSC code of Punjab and Sind Bank, CHHENDIPADA branch in CHHENDIPADA, ODISHA, this page has every detail you need. The verified IFSC code for this branch is PSIB0021249. 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 CHHENDIPADA branch, and detailed step-by-step guides for using the IFSC PSIB0021249 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.
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 CHHENDIPADA branch, the IFSC PSIB0021249 breaks down as follows: PSIB identifies the bank, 0 is the reserved character, and 021249 identifies this particular branch.
Branch details at a glance
| Bank Name | Punjab and Sind Bank |
|---|---|
| Branch | Chhendipada |
| IFSC Code | PSIB0021249 |
| MICR Code | Refer to cheque leaf |
| Branch Address | DEOGARH CHOWK NEAR POST OFFICE CHHENDIPADA DISTT ANUGUL ODISHA 759124 |
| City | Chhendipada |
| District | Angul |
| State | Odisha |
| STD Code | 6761 |
| Phone | 252550 |
About Punjab and Sind Bank
Punjab and Sind Bank operates a wide network of branches across India, including the Chhendipada branch in Chhendipada. 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, PSIB0021249.
Chhendipada branch overview
Located at DEOGARH CHOWK NEAR POST OFFICE CHHENDIPADA DISTT ANUGUL ODISHA 759124, the Chhendipada branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC PSIB0021249 is required for all interbank electronic transfers routed through this branch.
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 CHHENDIPADA of Punjab and Sind Bank — its own 11-character IFSC. The code PSIB0021249 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 PSIB0021249 the same way you would treat your account number — verify it once and save it carefully for future use.
How to transfer money using IFSC PSIB0021249
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 PSIB0021249 across all three.
How to use IFSC PSIB0021249 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Punjab and Sind Bank's CHHENDIPADA 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 PSIB0021249.
- Confirm the bank name auto-populates as Punjab and Sind Bank and the branch as CHHENDIPADA.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC PSIB0021249
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 – CHHENDIPADA, ensure your bank's portal accepts IFSC PSIB0021249 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Punjab and Sind Bank – CHHENDIPADA, use IMPS. With IFSC PSIB0021249 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
Comparing NEFT, RTGS and IMPS for transfers to Chhendipada
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 PSIB0021249:
- 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 CHHENDIPADA is still linked to IFSC PSIB0021249.
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 PSIB0021249
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 – CHHENDIPADA is still mapped to IFSC PSIB0021249. 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 PSIB0021249 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Chhendipada branch is mapped to IFSC PSIB0021249 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 PSIB0021249.
Banking services available
The Chhendipada branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 6761-252550.
- 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 PSIB0021249
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 PSIB0021249 and the account number together uniquely identify the Chhendipada branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Online banking and IFSC PSIB0021249
Punjab and Sind Bank customers can register for net banking and the bank's official mobile app once their account at the CHHENDIPADA 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 PSIB0021249 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 – CHHENDIPADA:
- The IFSC is exactly PSIB0021249 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 CHHENDIPADA 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 Chhendipada branch
The branch is located at DEOGARH CHOWK NEAR POST OFFICE CHHENDIPADA DISTT ANUGUL ODISHA 759124, which puts it inside Chhendipada, the broader Angul district, and the state of Odisha. To plan your visit:
- Open Google Maps on your phone and search for “Punjab and Sind Bank Chhendipada branch” — the verified location pin for IFSC PSIB0021249 should appear at the top of the results.
- Confirm the branch is open by calling 6761-252550 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 PSIB0021249 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC PSIB0021249 for Punjab and Sind Bank – CHHENDIPADA, 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 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 Chhendipada branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC PSIB0021249, however, work 24x7.
Branch address & contact
Punjab and Sind BankChhendipada Branch
DEOGARH CHOWK NEAR POST OFFICE CHHENDIPADA DISTT ANUGUL ODISHA 759124
Chhendipada, Odisha
Phone: 6761-252550
IFSC: PSIB0021249
Frequently asked questions
How do I add Punjab and Sind Bank Chhendipada as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC PSIB0021249, and complete OTP verification. Once activated, you can transfer funds at any time.
Is IFSC PSIB0021249 valid for NEFT and RTGS?
Yes. IFSC PSIB0021249 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the phone number of Punjab and Sind Bank Chhendipada branch?
You can reach the branch at 6761-252550 during regular banking hours.
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 Chhendipada branch but serve different purposes.
Can I use IFSC PSIB0021249 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC PSIB0021249 to send funds instantly.
How quickly will an NEFT transfer using PSIB0021249 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Punjab and Sind Bank – Chhendipada reflect within 30 minutes.
Final notes
To recap: PSIB0021249 is the IFSC code of Punjab and Sind Bank, CHHENDIPADA branch, in CHHENDIPADA, ODISHA. 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.
