If you are searching for the IFSC code of Punjab and Sind Bank, MALKE branch in MOGA, PUNJAB, this page has every detail you need. The verified IFSC code for this branch is PSIB0021070. 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 MALKE branch, and detailed step-by-step guides for using the IFSC PSIB0021070 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 – MALKE is PSIB0021070. The first four letters PSIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 021070 map to this branch in MOGA, PUNJAB.
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 Malke branch in Moga, Punjab is part of this network and uses the IFSC code PSIB0021070 for all electronic settlement.
Branch details at a glance
| Bank Name | Punjab and Sind Bank |
|---|---|
| Branch | Malke |
| IFSC Code | PSIB0021070 |
| MICR Code | Refer to cheque leaf |
| Branch Address | VILLAGE MALKE TEHSIL AND DISTT MOGA DISTT MOGA PUNJAB 151207 |
| City | Moga |
| District | Moga |
| State | Punjab |
| STD Code | 1636 |
| Phone | 244344 |
About this branch
The branch is located at VILLAGE MALKE TEHSIL AND DISTT MOGA DISTT MOGA PUNJAB 151207. It serves the Moga 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 PSIB0021070 is used to identify this branch on the RBI payments network.
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 MALKE of Punjab and Sind Bank — its own 11-character IFSC. The code PSIB0021070 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 PSIB0021070 the same way you would treat your account number — verify it once and save it carefully for future use.
Account types you can open at the Malke branch
Once you have an account at Punjab and Sind Bank – MALKE, the IFSC PSIB0021070 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.
Banking services available
The Malke branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 1636-244344.
- 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 PSIB0021070
How to transfer money using IFSC PSIB0021070
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 PSIB0021070 across all three.
NEFT to Punjab and Sind Bank, MALKE using IFSC PSIB0021070
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 PSIB0021070, and confirm that the system picks up Punjab and Sind Bank – MALKE. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC PSIB0021070
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 – MALKE, ensure your bank's portal accepts IFSC PSIB0021070 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Punjab and Sind Bank – MALKE, use IMPS. With IFSC PSIB0021070 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 PSIB0021070 for Punjab and Sind Bank – MALKE, 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 – PSIB0021070 | Yes – PSIB0021070 | Yes – PSIB0021070 |
For most retail customers crediting the Malke 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 PSIB0021070
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 – MALKE is still mapped to IFSC PSIB0021070. 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 PSIB0021070 and the beneficiary's account number to complete the transfer.
Digital banking channels
Most day-to-day work that customers used to do at the Malke 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 PSIB0021070 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.
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 PSIB0021070 and the account number together uniquely identify the Malke branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
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 – MALKE:
- The IFSC is exactly PSIB0021070 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 MALKE 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.
Reaching the branch
The Malke branch sits at VILLAGE MALKE TEHSIL AND DISTT MOGA DISTT MOGA PUNJAB 151207. If you are travelling from outside Moga, search for the branch on a maps application using the bank name and locality, or call 1636-244344 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 PSIB0021070 and your account number.
Verifying IFSC PSIB0021070 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 PSIB0021070 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 1636-244344.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Malke 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 PSIB0021070 continue to work without interruption.
Branch address & contact
Punjab and Sind BankMalke Branch
VILLAGE MALKE TEHSIL AND DISTT MOGA DISTT MOGA PUNJAB 151207
Moga, Punjab
Phone: 1636-244344
IFSC: PSIB0021070
Frequently asked questions
Is IFSC PSIB0021070 the same for all accounts at Malke branch?
Yes. The IFSC PSIB0021070 is shared by every account held at Punjab and Sind Bank's Malke branch. Only the account number changes from customer to customer.
Where is Punjab and Sind Bank Malke branch located?
Punjab and Sind Bank's Malke branch is located at VILLAGE MALKE TEHSIL AND DISTT MOGA DISTT MOGA PUNJAB 151207, Moga, Punjab.
Is IFSC PSIB0021070 valid for NEFT and RTGS?
Yes. IFSC PSIB0021070 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How do I add Punjab and Sind Bank Malke as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC PSIB0021070, and complete OTP verification. Once activated, you can transfer funds at any time.
How quickly will an NEFT transfer using PSIB0021070 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Punjab and Sind Bank – Malke reflect within 30 minutes.
Can I use IFSC PSIB0021070 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC PSIB0021070 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 Malke branch but serve different purposes.
What is the IFSC code of Punjab and Sind Bank Malke branch?
The IFSC code of Punjab and Sind Bank, Malke branch is PSIB0021070. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Final notes
To recap: PSIB0021070 is the IFSC code of Punjab and Sind Bank, MALKE branch, in MOGA, 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.
