Below are the complete branch details for Punjab and Sind Bank, HANSI branch, located in HANSI, HARYANA. The IFSC assigned by the Reserve Bank of India to this branch is PSIB0021588. 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 PSIB0021588 for Punjab and Sind Bank – HANSI — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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 HANSI branch, the IFSC PSIB0021588 breaks down as follows: PSIB identifies the bank, 0 is the reserved character, and 021588 identifies this particular branch.
About Punjab and Sind Bank
Punjab and Sind Bank operates a wide network of branches across India, including the Hansi branch in Hansi. 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, PSIB0021588.
Branch details at a glance
| Bank Name | Punjab and Sind Bank |
|---|---|
| Branch | Hansi |
| IFSC Code | PSIB0021588 |
| MICR Code | Refer to cheque leaf |
| Branch Address | PUNJAB AND SIND BANK HOUSE 275 18 OLD BUS STAND NEAR AMBEDKAR CHOWK HANSI 125033 |
| City | Hansi |
| District | Hisar |
| State | Haryana |
| STD Code | 1663 |
| Phone | 7015399480 |
About the Hansi branch
The Hansi branch of Punjab and Sind Bank is situated at PUNJAB AND SIND BANK HOUSE 275 18 OLD BUS STAND NEAR AMBEDKAR CHOWK HANSI 125033. 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 PSIB0021588 is used.
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 HANSI of Punjab and Sind Bank — its own 11-character IFSC. The code PSIB0021588 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 PSIB0021588 the same way you would treat your account number — verify it once and save it carefully for future use.
Account types you can open at the Hansi branch
Once you have an account at Punjab and Sind Bank – HANSI, the IFSC PSIB0021588 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 Hansi 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 PSIB0021588
How to transfer money using IFSC PSIB0021588
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 PSIB0021588 across all three.
NEFT to Punjab and Sind Bank, HANSI using IFSC PSIB0021588
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 PSIB0021588, and confirm that the system picks up Punjab and Sind Bank – HANSI. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC PSIB0021588
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 – HANSI, ensure your bank's portal accepts IFSC PSIB0021588 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Punjab and Sind Bank HANSI (IFSC PSIB0021588)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PSIB0021588 in your mobile or internet banking app, and the money is credited to the HANSI branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC PSIB0021588 for Punjab and Sind Bank – HANSI, 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.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – PSIB0021588 | Yes – PSIB0021588 | Yes – PSIB0021588 |
For most retail customers crediting the Hansi 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 PSIB0021588
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 – HANSI is still mapped to IFSC PSIB0021588. 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 PSIB0021588 and the beneficiary's account number to complete the transfer.
Digital banking channels
Most day-to-day work that customers used to do at the Hansi 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 PSIB0021588 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.
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 PSIB0021588 and the account number together uniquely identify the Hansi branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Common mistakes to avoid when using IFSC PSIB0021588
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 – HANSI, 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:
PSIB0021588. - 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.
How to reach the Hansi branch
The branch is located at PUNJAB AND SIND BANK HOUSE 275 18 OLD BUS STAND NEAR AMBEDKAR CHOWK HANSI 125033, which puts it inside Hansi, the broader Hisar district, and the state of Haryana. To plan your visit:
- Open Google Maps on your phone and search for “Punjab and Sind Bank Hansi branch” — the verified location pin for IFSC PSIB0021588 should appear at the top of the results.
- Confirm the branch is open by calling 1663-7015399480 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 PSIB0021588 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC PSIB0021588 for Punjab and Sind Bank – HANSI, 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 Hansi branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC PSIB0021588, however, work 24x7.
Branch address & contact
Punjab and Sind BankHansi Branch
PUNJAB AND SIND BANK HOUSE 275 18 OLD BUS STAND NEAR AMBEDKAR CHOWK HANSI 125033
Hansi, Haryana
Phone: 1663-7015399480
IFSC: PSIB0021588
Frequently asked questions
Is IFSC PSIB0021588 valid for NEFT and RTGS?
Yes. IFSC PSIB0021588 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How quickly will an NEFT transfer using PSIB0021588 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Punjab and Sind Bank – Hansi reflect within 30 minutes.
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 Hansi branch but serve different purposes.
Can I use IFSC PSIB0021588 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC PSIB0021588 to send funds instantly.
Where is Punjab and Sind Bank Hansi branch located?
Punjab and Sind Bank's Hansi branch is located at PUNJAB AND SIND BANK HOUSE 275 18 OLD BUS STAND NEAR AMBEDKAR CHOWK HANSI 125033, Hansi, Haryana.
How do I add Punjab and Sind Bank Hansi as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC PSIB0021588, and complete OTP verification. Once activated, you can transfer funds at any time.
Summary
The IFSC code PSIB0021588 belongs to Punjab and Sind Bank's HANSI branch, located at PUNJAB AND SIND BANK HOUSE 275 18 OLD BUS STAND NEAR AMBEDKAR CHOWK HANSI 125033 in HANSI, HARYANA. 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.
