If you are searching for the IFSC code of Punjab and Sind Bank, SPECIALIZED RETAIL LENDING branch in JAIPUR, RAJASTHAN, this page has every detail you need. The verified IFSC code for this branch is PSIB0021405. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.
You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the SPECIALIZED RETAIL LENDING branch, and detailed step-by-step guides for using the IFSC PSIB0021405 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular branch.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, PSIB0021405 is the IFSC of Punjab and Sind Bank's SPECIALIZED RETAIL LENDING branch. The format is fixed: PSIB = bank code, 0 = reserved, 021405 = branch identifier.
About the bank
Punjab and Sind Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Specialized Retail Lending branch in Jaipur, Rajasthan is part of this network and uses the IFSC code PSIB0021405 for all electronic settlement.
About this branch
The branch is located at 01MOHAN TOWER VIDYUT NAGARAJMER ROADJAIPUR. It serves the Jaipur region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Punjab and Sind Bank. The IFSC PSIB0021405 is used to identify this branch on the RBI payments network.
Branch details at a glance
| Bank Name | Punjab and Sind Bank |
|---|---|
| Branch | Specialized Retail Lending |
| IFSC Code | PSIB0021405 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 01MOHAN TOWER VIDYUT NAGARAJMER ROADJAIPUR |
| City | Jaipur |
| District | Jaipur |
| State | Rajasthan |
| STD Code | 91 |
| Phone | 9829791037 |
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 SPECIALIZED RETAIL LENDING branch came to be assigned the code PSIB0021405.
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 PSIB0021405, money simply cannot be routed to the SPECIALIZED RETAIL LENDING branch electronically.
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 PSIB0021405 and the account number together uniquely identify the Specialized Retail Lending branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC PSIB0021405
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 PSIB0021405 across all three.
NEFT to Punjab and Sind Bank, SPECIALIZED RETAIL LENDING using IFSC PSIB0021405
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 PSIB0021405, and confirm that the system picks up Punjab and Sind Bank – SPECIALIZED RETAIL LENDING. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to SPECIALIZED RETAIL LENDING
If you need to transfer ₹2 lakh or more in one go to an account at Punjab and Sind Bank's SPECIALIZED RETAIL LENDING branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PSIB0021405 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 – SPECIALIZED RETAIL LENDING, use IMPS. With IFSC PSIB0021405 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
Comparing NEFT, RTGS and IMPS for transfers to Specialized Retail Lending
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 PSIB0021405:
- 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 SPECIALIZED RETAIL LENDING is still linked to IFSC PSIB0021405.
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 SPECIALIZED RETAIL LENDING branch, the IFSC PSIB0021405 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 Specialized Retail Lending branch is mapped to IFSC PSIB0021405 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 PSIB0021405.
Products and services
Customers walking into the Specialized Retail Lending 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 PSIB0021405
Digital banking channels
Most day-to-day work that customers used to do at the Specialized Retail Lending 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 PSIB0021405 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.
Reaching the branch
The Specialized Retail Lending branch sits at 01MOHAN TOWER VIDYUT NAGARAJMER ROADJAIPUR. If you are travelling from outside Jaipur, search for the branch on a maps application using the bank name and locality, or call 91-9829791037 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 PSIB0021405 and your account number.
Common mistakes to avoid when using IFSC PSIB0021405
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 – SPECIALIZED RETAIL LENDING, 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:
PSIB0021405. - 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 Specialized Retail Lending 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 PSIB0021405 continue to work without interruption.
Verifying IFSC PSIB0021405 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 PSIB0021405 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-9829791037.
- Visiting the bank's official branch locator page.
Branch address & contact
Punjab and Sind BankSpecialized Retail Lending Branch
01MOHAN TOWER VIDYUT NAGARAJMER ROADJAIPUR
Jaipur, Rajasthan
Phone: 91-9829791037
IFSC: PSIB0021405
Frequently asked questions
Where is Punjab and Sind Bank Specialized Retail Lending branch located?
Punjab and Sind Bank's Specialized Retail Lending branch is located at 01MOHAN TOWER VIDYUT NAGARAJMER ROADJAIPUR, Jaipur, Rajasthan.
Can I use IFSC PSIB0021405 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC PSIB0021405 to send funds instantly.
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 Specialized Retail Lending branch but serve different purposes.
Is IFSC PSIB0021405 valid for NEFT and RTGS?
Yes. IFSC PSIB0021405 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Does Punjab and Sind Bank Specialized Retail Lending branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-9829791037 to confirm.
How quickly will an NEFT transfer using PSIB0021405 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Punjab and Sind Bank – Specialized Retail Lending reflect within 30 minutes.
How do I add Punjab and Sind Bank Specialized Retail Lending as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC PSIB0021405, and complete OTP verification. Once activated, you can transfer funds at any time.
Summary
The IFSC code PSIB0021405 belongs to Punjab and Sind Bank's SPECIALIZED RETAIL LENDING branch, located at 01MOHAN TOWER VIDYUT NAGARAJMER ROADJAIPUR in JAIPUR, RAJASTHAN. 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.
