Use this page as a one-stop reference for everything related to Punjab and Sind Bank's MADURAI branch in MADURAI, TAMIL NADU. The branch's IFSC code PSIB0021287 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, PSIB0021287 is the IFSC of Punjab and Sind Bank's MADURAI branch. The format is fixed: PSIB = bank code, 0 = reserved, 021287 = branch identifier.
Branch details at a glance
| Bank Name | Punjab and Sind Bank |
|---|---|
| Branch | Madurai |
| IFSC Code | PSIB0021287 |
| MICR Code | Refer to cheque leaf |
| Branch Address | NO 95 WEST PERUMAL MAISTRY STREET MADURAI TAMILNADU PINCODE 625001 |
| City | Madurai |
| District | Madurai |
| State | Tamil Nadu |
| STD Code | 91 |
| Phone | 9894703567 |
About Punjab and Sind Bank
Punjab and Sind Bank operates a wide network of branches across India, including the Madurai branch in Madurai. 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, PSIB0021287.
About this branch
The branch is located at NO 95 WEST PERUMAL MAISTRY STREET MADURAI TAMILNADU PINCODE 625001. It serves the Madurai 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 PSIB0021287 is used to identify this branch on the RBI payments network.
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 MADURAI branch came to be assigned the code PSIB0021287.
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 PSIB0021287, money simply cannot be routed to the MADURAI branch electronically.
How to transfer money using IFSC PSIB0021287
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 PSIB0021287 across all three.
NEFT to Punjab and Sind Bank, MADURAI using IFSC PSIB0021287
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 PSIB0021287, and confirm that the system picks up Punjab and Sind Bank – MADURAI. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC PSIB0021287
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 – MADURAI, ensure your bank's portal accepts IFSC PSIB0021287 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Punjab and Sind Bank MADURAI (IFSC PSIB0021287)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PSIB0021287 in your mobile or internet banking app, and the money is credited to the MADURAI branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Madurai
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 PSIB0021287:
- 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 MADURAI is still linked to IFSC PSIB0021287.
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.
UPI payments and IFSC PSIB0021287
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 – MADURAI is still mapped to IFSC PSIB0021287. 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 PSIB0021287 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Madurai branch is mapped to IFSC PSIB0021287 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 PSIB0021287.
Banking services available
The Madurai branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-9894703567.
- 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 PSIB0021287
MICR & cheque-truncation details
Cheques drawn on the Madurai branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC PSIB0021287 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Digital banking channels
Most day-to-day work that customers used to do at the Madurai 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 PSIB0021287 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.
Common mistakes to avoid when using IFSC PSIB0021287
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 – MADURAI, 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:
PSIB0021287. - 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.
Reaching the branch
The Madurai branch sits at NO 95 WEST PERUMAL MAISTRY STREET MADURAI TAMILNADU PINCODE 625001. If you are travelling from outside Madurai, search for the branch on a maps application using the bank name and locality, or call 91-9894703567 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 PSIB0021287 and your account number.
Verifying IFSC PSIB0021287 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 PSIB0021287 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-9894703567.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Madurai 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 PSIB0021287 continue to work without interruption.
Branch address & contact
Punjab and Sind BankMadurai Branch
NO 95 WEST PERUMAL MAISTRY STREET MADURAI TAMILNADU PINCODE 625001
Madurai, Tamil Nadu
Phone: 91-9894703567
IFSC: PSIB0021287
Frequently asked questions
Is IFSC PSIB0021287 valid for NEFT and RTGS?
Yes. IFSC PSIB0021287 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
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 Madurai branch but serve different purposes.
Is IFSC PSIB0021287 the same for all accounts at Madurai branch?
Yes. The IFSC PSIB0021287 is shared by every account held at Punjab and Sind Bank's Madurai branch. Only the account number changes from customer to customer.
What is the phone number of Punjab and Sind Bank Madurai branch?
You can reach the branch at 91-9894703567 during regular banking hours.
Does Punjab and Sind Bank Madurai branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-9894703567 to confirm.
How do I add Punjab and Sind Bank Madurai as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC PSIB0021287, and complete OTP verification. Once activated, you can transfer funds at any time.
Summary
The IFSC code PSIB0021287 belongs to Punjab and Sind Bank's MADURAI branch, located at NO 95 WEST PERUMAL MAISTRY STREET MADURAI TAMILNADU PINCODE 625001 in MADURAI, TAMIL NADU. 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.
