IFSC Code of Punjab and Sind Bank, Dasuya Distt Hoshiarpur Punjab Branch, Punjab

Below are the complete branch details for Punjab and Sind Bank, DASUYA DISTT HOSHIARPUR PUNJAB branch, located in DASUYA, PUNJAB. The IFSC assigned by the Reserve Bank of India to this branch is PSIB0020947. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.

The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case PSIB0020947 for Punjab and Sind Bank – DASUYA DISTT HOSHIARPUR PUNJAB — saves you from rejected transfers, returned credits and the back-and-forth that follows them.

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 – DASUYA DISTT HOSHIARPUR PUNJAB is PSIB0020947. The first four letters PSIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 020947 map to this branch in DASUYA, PUNJAB.

About Punjab and Sind Bank

Punjab and Sind Bank operates a wide network of branches across India, including the Dasuya Distt Hoshiarpur Punjab branch in Dasuya. 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, PSIB0020947.

About the Dasuya Distt Hoshiarpur Punjab branch

The Dasuya Distt Hoshiarpur Punjab branch of Punjab and Sind Bank is situated at DASUYA G T ROAD NEAR LIC BUILDING DASUYA DISTT HOSHIARPUR PUNJAB 144205. 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 PSIB0020947 is used.

Branch details at a glance

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 DASUYA DISTT HOSHIARPUR PUNJAB of Punjab and Sind Bank — its own 11-character IFSC. The code PSIB0020947 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 PSIB0020947 the same way you would treat your account number — verify it once and save it carefully for future use.

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 PSIB0020947 and the account number together uniquely identify the Dasuya Distt Hoshiarpur Punjab branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

How to transfer money using IFSC PSIB0020947

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 PSIB0020947 across all three.

NEFT to Punjab and Sind Bank, DASUYA DISTT HOSHIARPUR PUNJAB using IFSC PSIB0020947

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 PSIB0020947, and confirm that the system picks up Punjab and Sind Bank – DASUYA DISTT HOSHIARPUR PUNJAB. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to DASUYA DISTT HOSHIARPUR PUNJAB

If you need to transfer ₹2 lakh or more in one go to an account at Punjab and Sind Bank's DASUYA DISTT HOSHIARPUR PUNJAB branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PSIB0020947 while initiating the transfer and the credit will appear within minutes.

IMPS to Punjab and Sind Bank DASUYA DISTT HOSHIARPUR PUNJAB (IFSC PSIB0020947)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PSIB0020947 in your mobile or internet banking app, and the money is credited to the DASUYA DISTT HOSHIARPUR PUNJAB branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Dasuya Distt Hoshiarpur Punjab

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 PSIB0020947:

• 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 DASUYA DISTT HOSHIARPUR PUNJAB is still linked to IFSC PSIB0020947.

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 PSIB0020947

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 – DASUYA DISTT HOSHIARPUR PUNJAB is still mapped to IFSC PSIB0020947. 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 PSIB0020947 and the beneficiary's account number to complete the transfer.

Account types you can open at the Dasuya Distt Hoshiarpur Punjab branch

Once you have an account at Punjab and Sind Bank – DASUYA DISTT HOSHIARPUR PUNJAB, the IFSC PSIB0020947 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 Dasuya Distt Hoshiarpur Punjab 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 PSIB0020947

Online banking and IFSC PSIB0020947

Punjab and Sind Bank customers can register for net banking and the bank's official mobile app once their account at the DASUYA DISTT HOSHIARPUR PUNJAB 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 PSIB0020947 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.

How to reach the Dasuya Distt Hoshiarpur Punjab branch

The branch is located at DASUYA G T ROAD NEAR LIC BUILDING DASUYA DISTT HOSHIARPUR PUNJAB 144205, which puts it inside Dasuya, the broader Hoshiarpur district, and the state of Punjab. To plan your visit:

1. Open Google Maps on your phone and search for “Punjab and Sind Bank Dasuya Distt Hoshiarpur Punjab branch” — the verified location pin for IFSC PSIB0020947 should appear at the top of the results.
2. Confirm the branch is open by calling 1883-289022 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 PSIB0020947 and your account number.

Common mistakes to avoid when using IFSC PSIB0020947

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 – DASUYA DISTT HOSHIARPUR PUNJAB, 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: PSIB0020947.
• 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 Dasuya Distt Hoshiarpur Punjab 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 PSIB0020947 continue to work without interruption.

Verifying IFSC PSIB0020947 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 PSIB0020947 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 1883-289022.
• Visiting the bank's official branch locator page.

Branch address & contact

Frequently asked questions

Final notes

To recap: PSIB0020947 is the IFSC code of Punjab and Sind Bank, DASUYA DISTT HOSHIARPUR PUNJAB branch, in DASUYA, PUNJAB. 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.