IFSC Code of Punjab and Sind Bank, Devigarh Distt Patiala Punjab Branch, Punjab

Below are the complete branch details for Punjab and Sind Bank, DEVIGARH DISTT PATIALA PUNJAB branch, located in DEVIGARH, PUNJAB. The IFSC assigned by the Reserve Bank of India to this branch is PSIB0020938. 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 PSIB0020938 for Punjab and Sind Bank – DEVIGARH DISTT PATIALA 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 – DEVIGARH DISTT PATIALA PUNJAB is PSIB0020938. The first four letters PSIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 020938 map to this branch in DEVIGARH, PUNJAB.

About Punjab and Sind Bank

Punjab and Sind Bank operates a wide network of branches across India, including the Devigarh Distt Patiala Punjab branch in Devigarh. 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, PSIB0020938.

About the Devigarh Distt Patiala Punjab branch

The Devigarh Distt Patiala Punjab branch of Punjab and Sind Bank is situated at NEAR GRAIN MARKET PEHOWA ROAD DEVIGARH DISTT PATIALA PUNJAB PIN 147111. 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 PSIB0020938 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 DEVIGARH DISTT PATIALA PUNJAB of Punjab and Sind Bank — its own 11-character IFSC. The code PSIB0020938 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 PSIB0020938 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 PSIB0020938 and the account number together uniquely identify the Devigarh Distt Patiala 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 PSIB0020938

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 PSIB0020938 across all three.

How to use IFSC PSIB0020938 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Punjab and Sind Bank's DEVIGARH DISTT PATIALA PUNJAB 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 PSIB0020938.
4. Confirm the bank name auto-populates as Punjab and Sind Bank and the branch as DEVIGARH DISTT PATIALA PUNJAB.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

Real-Time Gross Settlement to DEVIGARH DISTT PATIALA PUNJAB

If you need to transfer ₹2 lakh or more in one go to an account at Punjab and Sind Bank's DEVIGARH DISTT PATIALA PUNJAB branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PSIB0020938 while initiating the transfer and the credit will appear within minutes.

IMPS to Punjab and Sind Bank DEVIGARH DISTT PATIALA PUNJAB (IFSC PSIB0020938)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PSIB0020938 in your mobile or internet banking app, and the money is credited to the DEVIGARH DISTT PATIALA PUNJAB branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Devigarh Distt Patiala 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 PSIB0020938:

• 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 DEVIGARH DISTT PATIALA PUNJAB is still linked to IFSC PSIB0020938.

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.

How UPI relates to the IFSC code

UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Punjab and Sind Bank's DEVIGARH DISTT PATIALA PUNJAB branch, the IFSC PSIB0020938 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.

That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.

Products and account variants supported

Every account opened at the Devigarh Distt Patiala Punjab branch is mapped to IFSC PSIB0020938 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 PSIB0020938.

Banking services available

The Devigarh Distt Patiala Punjab branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 175-2632938.

• 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 PSIB0020938

Digital banking channels

Most day-to-day work that customers used to do at the Devigarh Distt Patiala Punjab branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC PSIB0020938 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.

How to reach the Devigarh Distt Patiala Punjab branch

The branch is located at NEAR GRAIN MARKET PEHOWA ROAD DEVIGARH DISTT PATIALA PUNJAB PIN 147111, which puts it inside Devigarh, the broader Patiala district, and the state of Punjab. To plan your visit:

1. Open Google Maps on your phone and search for “Punjab and Sind Bank Devigarh Distt Patiala Punjab branch” — the verified location pin for IFSC PSIB0020938 should appear at the top of the results.
2. Confirm the branch is open by calling 175-2632938 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 PSIB0020938 and your account number.

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 – DEVIGARH DISTT PATIALA PUNJAB:

• The IFSC is exactly PSIB0020938 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 DEVIGARH DISTT PATIALA PUNJAB 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.

Working hours

Branch counters at Devigarh Distt Patiala 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 PSIB0020938 continue to work without interruption.

Other ways to verify the IFSC code

While this page already lists the verified IFSC PSIB0020938 for Punjab and Sind Bank – DEVIGARH DISTT PATIALA PUNJAB, 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

Final notes

To recap: PSIB0020938 is the IFSC code of Punjab and Sind Bank, DEVIGARH DISTT PATIALA PUNJAB branch, in DEVIGARH, 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.