If you are searching for the IFSC code of Punjab and Sind Bank, RAIBAREILLY branch in RAE BARELI, UTTAR PRADESH, this page has every detail you need. The verified IFSC code for this branch is PSIB0021023. 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 RAIBAREILLY branch, and detailed step-by-step guides for using the IFSC PSIB0021023 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.
An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.
For Punjab and Sind Bank's RAIBAREILLY branch, the IFSC PSIB0021023 breaks down as follows: PSIB identifies the bank, 0 is the reserved character, and 021023 identifies this particular branch.
Branch details at a glance
| Bank Name | Punjab and Sind Bank |
|---|---|
| Branch | Raibareilly |
| IFSC Code | PSIB0021023 |
| MICR Code | Refer to cheque leaf |
| Branch Address | HOTEL AMAR KUTCHERY ROAD RAI BAREILLY |
| City | Rae Bareli |
| District | Rai Bareli |
| State | Uttar Pradesh |
| STD Code | 535 |
| Phone | 2703110 |
Bank profile
Punjab and Sind Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Raibareilly branch — IFSC PSIB0021023 — extends the bank's services to customers in and around Rae Bareli, Uttar Pradesh.
About the Raibareilly branch
The Raibareilly branch of Punjab and Sind Bank is situated at HOTEL AMAR KUTCHERY ROAD RAI BAREILLY. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code PSIB0021023 is used.
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 RAIBAREILLY branch came to be assigned the code PSIB0021023.
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 PSIB0021023, money simply cannot be routed to the RAIBAREILLY branch electronically.
How to transfer money using IFSC PSIB0021023
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 PSIB0021023 across all three.
NEFT to Punjab and Sind Bank, RAIBAREILLY using IFSC PSIB0021023
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 PSIB0021023, and confirm that the system picks up Punjab and Sind Bank – RAIBAREILLY. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to RAIBAREILLY
If you need to transfer ₹2 lakh or more in one go to an account at Punjab and Sind Bank's RAIBAREILLY branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PSIB0021023 while initiating the transfer and the credit will appear within minutes.
IMPS to Punjab and Sind Bank RAIBAREILLY (IFSC PSIB0021023)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PSIB0021023 in your mobile or internet banking app, and the money is credited to the RAIBAREILLY branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC PSIB0021023 for Punjab and Sind Bank – RAIBAREILLY, 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 – PSIB0021023 | Yes – PSIB0021023 | Yes – PSIB0021023 |
For most retail customers crediting the Raibareilly 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 PSIB0021023
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 – RAIBAREILLY is still mapped to IFSC PSIB0021023. 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 PSIB0021023 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Raibareilly branch is mapped to IFSC PSIB0021023 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 PSIB0021023.
Products and services
Customers walking into the Raibareilly 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 PSIB0021023
MICR & cheque-truncation details
Cheques drawn on the Raibareilly branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC PSIB0021023 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Online banking and IFSC PSIB0021023
Punjab and Sind Bank customers can register for net banking and the bank's official mobile app once their account at the RAIBAREILLY 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 PSIB0021023 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.
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 – RAIBAREILLY:
- The IFSC is exactly PSIB0021023 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 RAIBAREILLY 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.
How to reach the Raibareilly branch
The branch is located at HOTEL AMAR KUTCHERY ROAD RAI BAREILLY, which puts it inside Rae Bareli, the broader Rai Bareli district, and the state of Uttar Pradesh. To plan your visit:
- Open Google Maps on your phone and search for “Punjab and Sind Bank Raibareilly branch” — the verified location pin for IFSC PSIB0021023 should appear at the top of the results.
- Confirm the branch is open by calling 535-2703110 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 PSIB0021023 and your account number.
Verifying IFSC PSIB0021023 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 PSIB0021023 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 535-2703110.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Raibareilly 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 PSIB0021023 continue to work without interruption.
Branch address & contact
Punjab and Sind BankRaibareilly Branch
HOTEL AMAR KUTCHERY ROAD RAI BAREILLY
Rae Bareli, Uttar Pradesh
Phone: 535-2703110
IFSC: PSIB0021023
Frequently asked questions
Can I use IFSC PSIB0021023 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC PSIB0021023 to send funds instantly.
Is IFSC PSIB0021023 the same for all accounts at Raibareilly branch?
Yes. The IFSC PSIB0021023 is shared by every account held at Punjab and Sind Bank's Raibareilly branch. Only the account number changes from customer to customer.
How quickly will an NEFT transfer using PSIB0021023 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Punjab and Sind Bank – Raibareilly reflect within 30 minutes.
What is the phone number of Punjab and Sind Bank Raibareilly branch?
You can reach the branch at 535-2703110 during regular banking hours.
Is IFSC PSIB0021023 valid for NEFT and RTGS?
Yes. IFSC PSIB0021023 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How do I add Punjab and Sind Bank Raibareilly as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC PSIB0021023, and complete OTP verification. Once activated, you can transfer funds at any time.
Does Punjab and Sind Bank Raibareilly branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 535-2703110 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 Raibareilly branch but serve different purposes.
Final notes
To recap: PSIB0021023 is the IFSC code of Punjab and Sind Bank, RAIBAREILLY branch, in RAE BARELI, UTTAR PRADESH. 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.
