IFSC Code of Punjab and Sind Bank, Jagatpuri New Modern Shahdra Delhi Branch, Delhi

Use this page as a one-stop reference for everything related to Punjab and Sind Bank's JAGATPURI NEW MODERN SHAHDRA DELHI branch in DELHI, DELHI. The branch's IFSC code PSIB0020953 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 – JAGATPURI NEW MODERN SHAHDRA DELHI is PSIB0020953. The first four letters PSIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 020953 map to this branch in DELHI, DELHI.

About Punjab and Sind Bank

Punjab and Sind Bank operates a wide network of branches across India, including the Jagatpuri New Modern Shahdra Delhi branch in Delhi. 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, PSIB0020953.

Jagatpuri New Modern Shahdra Delhi branch overview

Located at A 5 JAGAT PURI NEAR NATHU COLONY CHOWK NEW MODERM SHAHDRA NEW DELHI 110092, the Jagatpuri New Modern Shahdra Delhi branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC PSIB0020953 is required for all interbank electronic transfers routed through this branch.

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 JAGATPURI NEW MODERN SHAHDRA DELHI branch came to be assigned the code PSIB0020953.

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 PSIB0020953, money simply cannot be routed to the JAGATPURI NEW MODERN SHAHDRA DELHI branch electronically.

MICR & cheque-truncation details

Cheques drawn on the Jagatpuri New Modern Shahdra Delhi branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC PSIB0020953 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 PSIB0020953

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 PSIB0020953 across all three.

How to use IFSC PSIB0020953 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Punjab and Sind Bank's JAGATPURI NEW MODERN SHAHDRA DELHI 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).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC PSIB0020953.
4. Confirm the bank name auto-populates as Punjab and Sind Bank and the branch as JAGATPURI NEW MODERN SHAHDRA DELHI.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

RTGS transfers via IFSC PSIB0020953

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 – JAGATPURI NEW MODERN SHAHDRA DELHI, ensure your bank's portal accepts IFSC PSIB0020953 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 – JAGATPURI NEW MODERN SHAHDRA DELHI, use IMPS. With IFSC PSIB0020953 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

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

All three modes accept the IFSC PSIB0020953 for Punjab and Sind Bank – JAGATPURI NEW MODERN SHAHDRA DELHI, 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 Jagatpuri New Modern Shahdra Delhi 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 PSIB0020953

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 – JAGATPURI NEW MODERN SHAHDRA DELHI is still mapped to IFSC PSIB0020953. 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 PSIB0020953 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the Jagatpuri New Modern Shahdra Delhi branch is mapped to IFSC PSIB0020953 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 PSIB0020953.

Banking services available

The Jagatpuri New Modern Shahdra Delhi branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-22599437.

• 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 PSIB0020953

Online banking and IFSC PSIB0020953

Punjab and Sind Bank customers can register for net banking and the bank's official mobile app once their account at the JAGATPURI NEW MODERN SHAHDRA DELHI 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 PSIB0020953 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 Jagatpuri New Modern Shahdra Delhi branch sits at A 5 JAGAT PURI NEAR NATHU COLONY CHOWK NEW MODERM SHAHDRA NEW DELHI 110092. If you are travelling from outside Delhi, search for the branch on a maps application using the bank name and locality, or call 91-22599437 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 PSIB0020953 and your account number.

Common mistakes to avoid when using IFSC PSIB0020953

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 – JAGATPURI NEW MODERN SHAHDRA DELHI, 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: PSIB0020953.
• 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 Jagatpuri New Modern Shahdra Delhi 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 PSIB0020953 continue to work without interruption.

Verifying IFSC PSIB0020953 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 PSIB0020953 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 91-22599437.
• Visiting the bank's official branch locator page.

Branch address & contact

Frequently asked questions

Summary

The IFSC code PSIB0020953 belongs to Punjab and Sind Bank's JAGATPURI NEW MODERN SHAHDRA DELHI branch, located at A 5 JAGAT PURI NEAR NATHU COLONY CHOWK NEW MODERM SHAHDRA NEW DELHI 110092 in DELHI, DELHI. 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.