IFSC Code of Punjab and Sind Bank, Karnal, Khalsa Modern School,Prem Nagar Branch, Haryana

Use this page as a one-stop reference for everything related to Punjab and Sind Bank's KARNAL, KHALSA MODERN SCHOOL,PREM NAGAR branch in KARNAL, HARYANA. The branch's IFSC code PSIB0000786 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.

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, PSIB0000786 is the IFSC of Punjab and Sind Bank's KARNAL, KHALSA MODERN SCHOOL,PREM NAGAR branch. The format is fixed: PSIB = bank code, 0 = reserved, 000786 = 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 Karnal, Khalsa Modern School,Prem Nagar branch in Karnal, Haryana is part of this network and uses the IFSC code PSIB0000786 for all electronic settlement.

About this branch

The branch is located at KARNAL, KHALSA MODERN SCHOOL,PREM NAGAR, DISTT. KARNAL, HARYANA - 132001. It serves the Karnal 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 PSIB0000786 is used to identify this branch on the RBI payments network.

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 KARNAL, KHALSA MODERN SCHOOL,PREM NAGAR of Punjab and Sind Bank — its own 11-character IFSC. The code PSIB0000786 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 PSIB0000786 the same way you would treat your account number — verify it once and save it carefully for future use.

MICR & cheque-truncation details

Cheques drawn on the Karnal, Khalsa Modern School,Prem Nagar branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC PSIB0000786 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 PSIB0000786

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 PSIB0000786 across all three.

How to use IFSC PSIB0000786 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Punjab and Sind Bank's KARNAL, KHALSA MODERN SCHOOL,PREM NAGAR 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 PSIB0000786.
4. Confirm the bank name auto-populates as Punjab and Sind Bank and the branch as KARNAL, KHALSA MODERN SCHOOL,PREM NAGAR.
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 KARNAL, KHALSA MODERN SCHOOL,PREM NAGAR

If you need to transfer ₹2 lakh or more in one go to an account at Punjab and Sind Bank's KARNAL, KHALSA MODERN SCHOOL,PREM NAGAR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PSIB0000786 while initiating the transfer and the credit will appear within minutes.

IMPS to Punjab and Sind Bank KARNAL, KHALSA MODERN SCHOOL,PREM NAGAR (IFSC PSIB0000786)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PSIB0000786 in your mobile or internet banking app, and the money is credited to the KARNAL, KHALSA MODERN SCHOOL,PREM NAGAR branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Karnal, Khalsa Modern School,Prem Nagar

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 PSIB0000786:

• 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 KARNAL, KHALSA MODERN SCHOOL,PREM NAGAR is still linked to IFSC PSIB0000786.

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 KARNAL, KHALSA MODERN SCHOOL,PREM NAGAR branch, the IFSC PSIB0000786 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.

Account types you can open at the Karnal, Khalsa Modern School,Prem Nagar branch

Once you have an account at Punjab and Sind Bank – KARNAL, KHALSA MODERN SCHOOL,PREM NAGAR, the IFSC PSIB0000786 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 Karnal, Khalsa Modern School,Prem Nagar 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 PSIB0000786

Digital banking channels

Most day-to-day work that customers used to do at the Karnal, Khalsa Modern School,Prem Nagar 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 PSIB0000786 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 Karnal, Khalsa Modern School,Prem Nagar branch sits at KARNAL, KHALSA MODERN SCHOOL,PREM NAGAR, DISTT. KARNAL, HARYANA - 132001. If you are travelling from outside Karnal, search for the branch on a maps application using the bank name and locality, or call 184-2290557 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 PSIB0000786 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 – KARNAL, KHALSA MODERN SCHOOL,PREM NAGAR:

• The IFSC is exactly PSIB0000786 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 KARNAL, KHALSA MODERN SCHOOL,PREM NAGAR 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 Karnal, Khalsa Modern School,Prem Nagar 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 PSIB0000786 continue to work without interruption.

Other ways to verify the IFSC code

While this page already lists the verified IFSC PSIB0000786 for Punjab and Sind Bank – KARNAL, KHALSA MODERN SCHOOL,PREM NAGAR, 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

Summary

The IFSC code PSIB0000786 belongs to Punjab and Sind Bank's KARNAL, KHALSA MODERN SCHOOL,PREM NAGAR branch, located at KARNAL, KHALSA MODERN SCHOOL,PREM NAGAR, DISTT. KARNAL, HARYANA - 132001 in KARNAL, 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.