Use this page as a one-stop reference for everything related to Punjab and Sind Bank's P.Y. ROAD INDORE branch in INDORE, MADHYA PRADESH. The branch's IFSC code PSIB0000103 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 – P.Y. ROAD INDORE is PSIB0000103. The first four letters PSIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000103 map to this branch in INDORE, MADHYA PRADESH.
Branch details at a glance
| Bank Name | Punjab and Sind Bank |
|---|---|
| Branch | P.Y. Road Indore |
| IFSC Code | PSIB0000103 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 13 , P.Y ROAD, INDORE-452004 |
| City | Indore |
| District | Indore |
| State | Madhya Pradesh |
| STD Code | 731 |
| Phone | 2367490 |
Bank profile
Punjab and Sind Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The P.Y. Road Indore branch — IFSC PSIB0000103 — extends the bank's services to customers in and around Indore, Madhya Pradesh.
About the P.Y. Road Indore branch
The P.Y. Road Indore branch of Punjab and Sind Bank is situated at 13 , P.Y ROAD, INDORE-452004. 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 PSIB0000103 is used.
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 P.Y. ROAD INDORE branch came to be assigned the code PSIB0000103.
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 PSIB0000103, money simply cannot be routed to the P.Y. ROAD INDORE branch electronically.
How to transfer money using IFSC PSIB0000103
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 PSIB0000103 across all three.
How to use IFSC PSIB0000103 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Punjab and Sind Bank's P.Y. ROAD INDORE 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 PSIB0000103.
- Confirm the bank name auto-populates as Punjab and Sind Bank and the branch as P.Y. ROAD INDORE.
- 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 P.Y. ROAD INDORE
If you need to transfer ₹2 lakh or more in one go to an account at Punjab and Sind Bank's P.Y. ROAD INDORE branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PSIB0000103 while initiating the transfer and the credit will appear within minutes.
Send money instantly through IMPS
For a real-time, anytime transfer to Punjab and Sind Bank – P.Y. ROAD INDORE, use IMPS. With IFSC PSIB0000103 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 PSIB0000103 for Punjab and Sind Bank – P.Y. ROAD INDORE, 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 – PSIB0000103 | Yes – PSIB0000103 | Yes – PSIB0000103 |
For most retail customers crediting the P.Y. Road Indore 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.
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 P.Y. ROAD INDORE branch, the IFSC PSIB0000103 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 P.Y. Road Indore branch is mapped to IFSC PSIB0000103 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 PSIB0000103.
Banking services available
The P.Y. Road Indore branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 731-2367490.
- 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 PSIB0000103
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 PSIB0000103 and the account number together uniquely identify the P.Y. Road Indore branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Online banking and IFSC PSIB0000103
Punjab and Sind Bank customers can register for net banking and the bank's official mobile app once their account at the P.Y. ROAD INDORE 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 PSIB0000103 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 – P.Y. ROAD INDORE:
- The IFSC is exactly PSIB0000103 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 P.Y. ROAD INDORE 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 P.Y. Road Indore branch
The branch is located at 13 , P.Y ROAD, INDORE-452004, which puts it inside Indore, the broader Indore district, and the state of Madhya Pradesh. To plan your visit:
- Open Google Maps on your phone and search for “Punjab and Sind Bank P.Y. Road Indore branch” — the verified location pin for IFSC PSIB0000103 should appear at the top of the results.
- Confirm the branch is open by calling 731-2367490 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 PSIB0000103 and your account number.
Verifying IFSC PSIB0000103 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 PSIB0000103 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 731-2367490.
- Visiting the bank's official branch locator page.
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 P.Y. Road Indore branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC PSIB0000103, however, work 24x7.
Branch address & contact
Punjab and Sind BankP.Y. Road Indore Branch
13 , P.Y ROAD, INDORE-452004
Indore, Madhya Pradesh
Phone: 731-2367490
IFSC: PSIB0000103
Frequently asked questions
What is the IFSC code of Punjab and Sind Bank P.Y. Road Indore branch?
The IFSC code of Punjab and Sind Bank, P.Y. Road Indore branch is PSIB0000103. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
How quickly will an NEFT transfer using PSIB0000103 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Punjab and Sind Bank – P.Y. Road Indore reflect within 30 minutes.
Is IFSC PSIB0000103 valid for NEFT and RTGS?
Yes. IFSC PSIB0000103 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Can I use IFSC PSIB0000103 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC PSIB0000103 to send funds instantly.
Where is Punjab and Sind Bank P.Y. Road Indore branch located?
Punjab and Sind Bank's P.Y. Road Indore branch is located at 13 , P.Y ROAD, INDORE-452004, Indore, Madhya Pradesh.
Does Punjab and Sind Bank P.Y. Road Indore branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 731-2367490 to confirm.
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 P.Y. Road Indore branch but serve different purposes.
Is IFSC PSIB0000103 the same for all accounts at P.Y. Road Indore branch?
Yes. The IFSC PSIB0000103 is shared by every account held at Punjab and Sind Bank's P.Y. Road Indore branch. Only the account number changes from customer to customer.
Summary
The IFSC code PSIB0000103 belongs to Punjab and Sind Bank's P.Y. ROAD INDORE branch, located at 13 , P.Y ROAD, INDORE-452004 in INDORE, MADHYA PRADESH. 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.
