This page lists the IFSC code, branch address, contact number and fund-transfer information for Punjab and Sind Bank, MALOUT branch in MALOUT. The 11-digit IFSC PSIB0000033 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with Punjab and Sind Bank at the MALOUT location, this is the only IFSC you need.
We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this 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, PSIB0000033 is the IFSC of Punjab and Sind Bank's MALOUT branch. The format is fixed: PSIB = bank code, 0 = reserved, 000033 = branch identifier.
About Punjab and Sind Bank
Punjab and Sind Bank operates a wide network of branches across India, including the Malout branch in Malout. 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, PSIB0000033.
About this branch
The branch is located at MALOUT MUKATSAR. It serves the Malout 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 PSIB0000033 is used to identify this branch on the RBI payments network.
Branch details at a glance
| Bank Name | Punjab and Sind Bank |
|---|---|
| Branch | Malout |
| IFSC Code | PSIB0000033 |
| MICR Code | Refer to cheque leaf |
| Branch Address | MALOUT MUKATSAR |
| City | Malout |
| District | Muktsar |
| State | Punjab |
| STD Code | 1637 |
| Phone | 262421 |
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 MALOUT of Punjab and Sind Bank — its own 11-character IFSC. The code PSIB0000033 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 PSIB0000033 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 Malout branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC PSIB0000033 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 PSIB0000033
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 PSIB0000033 across all three.
How to use IFSC PSIB0000033 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Punjab and Sind Bank's MALOUT 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 PSIB0000033.
- Confirm the bank name auto-populates as Punjab and Sind Bank and the branch as MALOUT.
- 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 MALOUT
If you need to transfer ₹2 lakh or more in one go to an account at Punjab and Sind Bank's MALOUT branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PSIB0000033 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 – MALOUT, use IMPS. With IFSC PSIB0000033 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 PSIB0000033 for Punjab and Sind Bank – MALOUT, 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 – PSIB0000033 | Yes – PSIB0000033 | Yes – PSIB0000033 |
For most retail customers crediting the Malout 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.
UPI payments and IFSC PSIB0000033
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 – MALOUT is still mapped to IFSC PSIB0000033. 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 PSIB0000033 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Malout branch is mapped to IFSC PSIB0000033 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 PSIB0000033.
Banking services available
The Malout branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 1637-262421.
- 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 PSIB0000033
Online banking and IFSC PSIB0000033
Punjab and Sind Bank customers can register for net banking and the bank's official mobile app once their account at the MALOUT 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 PSIB0000033 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.
How to reach the Malout branch
The branch is located at MALOUT MUKATSAR, which puts it inside Malout, the broader Muktsar district, and the state of Punjab. To plan your visit:
- Open Google Maps on your phone and search for “Punjab and Sind Bank Malout branch” — the verified location pin for IFSC PSIB0000033 should appear at the top of the results.
- Confirm the branch is open by calling 1637-262421 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 PSIB0000033 and your account number.
Common mistakes to avoid when using IFSC PSIB0000033
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 – MALOUT, 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:
PSIB0000033. - 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.
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 Malout branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC PSIB0000033, however, work 24x7.
Verifying IFSC PSIB0000033 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 PSIB0000033 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 1637-262421.
- Visiting the bank's official branch locator page.
Branch address & contact
Punjab and Sind BankMalout Branch
MALOUT MUKATSAR
Malout, Punjab
Phone: 1637-262421
IFSC: PSIB0000033
Frequently asked questions
How do I add Punjab and Sind Bank Malout as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC PSIB0000033, and complete OTP verification. Once activated, you can transfer funds at any time.
How quickly will an NEFT transfer using PSIB0000033 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Punjab and Sind Bank – Malout reflect within 30 minutes.
Can I use IFSC PSIB0000033 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC PSIB0000033 to send funds instantly.
Does Punjab and Sind Bank Malout branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 1637-262421 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 Malout branch but serve different purposes.
What is the phone number of Punjab and Sind Bank Malout branch?
You can reach the branch at 1637-262421 during regular banking hours.
Is IFSC PSIB0000033 valid for NEFT and RTGS?
Yes. IFSC PSIB0000033 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Is IFSC PSIB0000033 the same for all accounts at Malout branch?
Yes. The IFSC PSIB0000033 is shared by every account held at Punjab and Sind Bank's Malout branch. Only the account number changes from customer to customer.
Final notes
To recap: PSIB0000033 is the IFSC code of Punjab and Sind Bank, MALOUT branch, in MALOUT, PUNJAB. 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.
