If you are searching for the IFSC code of Punjab and Sind Bank, LAKSAR branch in LAKSAR, UTTARAKHAND, this page has every detail you need. The verified IFSC code for this branch is PSIB0021596. 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 LAKSAR branch, and detailed step-by-step guides for using the IFSC PSIB0021596 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.
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 – LAKSAR is PSIB0021596. The first four letters PSIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 021596 map to this branch in LAKSAR, UTTARAKHAND.
Bank profile
Punjab and Sind Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Laksar branch — IFSC PSIB0021596 — extends the bank's services to customers in and around Laksar, Uttarakhand.
About this branch
The branch is located at KOTWALI MOD ROORKEE ROAD LAKSAR DIST HARIDWAR UTTRAKHAND. It serves the Laksar 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 PSIB0021596 is used to identify this branch on the RBI payments network.
Branch details at a glance
| Bank Name | Punjab and Sind Bank |
|---|---|
| Branch | Laksar |
| IFSC Code | PSIB0021596 |
| MICR Code | Refer to cheque leaf |
| Branch Address | KOTWALI MOD ROORKEE ROAD LAKSAR DIST HARIDWAR UTTRAKHAND |
| City | Laksar |
| District | Haridwar |
| State | Uttarakhand |
| STD Code | 1332 |
| Phone | 9897702872 |
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 LAKSAR branch came to be assigned the code PSIB0021596.
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 PSIB0021596, money simply cannot be routed to the LAKSAR 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 PSIB0021596 and the account number together uniquely identify the Laksar branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC PSIB0021596
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 PSIB0021596 across all three.
How to use IFSC PSIB0021596 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Punjab and Sind Bank's LAKSAR 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 PSIB0021596.
- Confirm the bank name auto-populates as Punjab and Sind Bank and the branch as LAKSAR.
- 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 LAKSAR
If you need to transfer ₹2 lakh or more in one go to an account at Punjab and Sind Bank's LAKSAR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PSIB0021596 while initiating the transfer and the credit will appear within minutes.
IMPS to Punjab and Sind Bank LAKSAR (IFSC PSIB0021596)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PSIB0021596 in your mobile or internet banking app, and the money is credited to the LAKSAR branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC PSIB0021596 for Punjab and Sind Bank – LAKSAR, 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 – PSIB0021596 | Yes – PSIB0021596 | Yes – PSIB0021596 |
For most retail customers crediting the Laksar 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 LAKSAR branch, the IFSC PSIB0021596 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 Laksar branch is mapped to IFSC PSIB0021596 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 PSIB0021596.
Banking services available
The Laksar branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 1332-9897702872.
- 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 PSIB0021596
Digital banking channels
Most day-to-day work that customers used to do at the Laksar 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 PSIB0021596 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 Laksar branch
The branch is located at KOTWALI MOD ROORKEE ROAD LAKSAR DIST HARIDWAR UTTRAKHAND, which puts it inside Laksar, the broader Haridwar district, and the state of Uttarakhand. To plan your visit:
- Open Google Maps on your phone and search for “Punjab and Sind Bank Laksar branch” — the verified location pin for IFSC PSIB0021596 should appear at the top of the results.
- Confirm the branch is open by calling 1332-9897702872 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 PSIB0021596 and your account number.
Common mistakes to avoid when using IFSC PSIB0021596
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 – LAKSAR, 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:
PSIB0021596. - 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 Laksar 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 PSIB0021596 continue to work without interruption.
Verifying IFSC PSIB0021596 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 PSIB0021596 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 1332-9897702872.
- Visiting the bank's official branch locator page.
Branch address & contact
Punjab and Sind BankLaksar Branch
KOTWALI MOD ROORKEE ROAD LAKSAR DIST HARIDWAR UTTRAKHAND
Laksar, Uttarakhand
Phone: 1332-9897702872
IFSC: PSIB0021596
Frequently asked questions
Is IFSC PSIB0021596 valid for NEFT and RTGS?
Yes. IFSC PSIB0021596 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the IFSC code of Punjab and Sind Bank Laksar branch?
The IFSC code of Punjab and Sind Bank, Laksar branch is PSIB0021596. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
How do I add Punjab and Sind Bank Laksar as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC PSIB0021596, and complete OTP verification. Once activated, you can transfer funds at any time.
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 Laksar branch but serve different purposes.
Is IFSC PSIB0021596 the same for all accounts at Laksar branch?
Yes. The IFSC PSIB0021596 is shared by every account held at Punjab and Sind Bank's Laksar branch. Only the account number changes from customer to customer.
How quickly will an NEFT transfer using PSIB0021596 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Punjab and Sind Bank – Laksar reflect within 30 minutes.
Final notes
To recap: PSIB0021596 is the IFSC code of Punjab and Sind Bank, LAKSAR branch, in LAKSAR, UTTARAKHAND. 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.
