Below are the complete branch details for Punjab and Sind Bank, SAGAR MADHYA PRADESH branch, located in SAGAR, MADHYA PRADESH. The IFSC assigned by the Reserve Bank of India to this branch is PSIB0000278. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.
The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case PSIB0000278 for Punjab and Sind Bank – SAGAR MADHYA PRADESH — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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 SAGAR MADHYA PRADESH branch, the IFSC PSIB0000278 breaks down as follows: PSIB identifies the bank, 0 is the reserved character, and 000278 identifies this particular branch.
About Punjab and Sind Bank
Punjab and Sind Bank operates a wide network of branches across India, including the Sagar Madhya Pradesh branch in Sagar. 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, PSIB0000278.
About the Sagar Madhya Pradesh branch
The Sagar Madhya Pradesh branch of Punjab and Sind Bank is situated at STATION ROAD SAGAR MADHYA PRADESH 470001. 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 PSIB0000278 is used.
Branch details at a glance
| Bank Name | Punjab and Sind Bank |
|---|---|
| Branch | Sagar Madhya Pradesh |
| IFSC Code | PSIB0000278 |
| MICR Code | Refer to cheque leaf |
| Branch Address | STATION ROAD SAGAR MADHYA PRADESH 470001 |
| City | Sagar |
| District | Sagar |
| State | Madhya Pradesh |
| STD Code | 91 |
| Phone | 222261 |
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 SAGAR MADHYA PRADESH branch came to be assigned the code PSIB0000278.
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 PSIB0000278, money simply cannot be routed to the SAGAR MADHYA PRADESH 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 PSIB0000278 and the account number together uniquely identify the Sagar Madhya Pradesh branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC PSIB0000278
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 PSIB0000278 across all three.
NEFT to Punjab and Sind Bank, SAGAR MADHYA PRADESH using IFSC PSIB0000278
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 PSIB0000278, and confirm that the system picks up Punjab and Sind Bank – SAGAR MADHYA PRADESH. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to SAGAR MADHYA PRADESH
If you need to transfer ₹2 lakh or more in one go to an account at Punjab and Sind Bank's SAGAR MADHYA PRADESH branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PSIB0000278 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 – SAGAR MADHYA PRADESH, use IMPS. With IFSC PSIB0000278 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 PSIB0000278 for Punjab and Sind Bank – SAGAR MADHYA PRADESH, 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 – PSIB0000278 | Yes – PSIB0000278 | Yes – PSIB0000278 |
For most retail customers crediting the Sagar Madhya Pradesh 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 PSIB0000278
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 – SAGAR MADHYA PRADESH is still mapped to IFSC PSIB0000278. 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 PSIB0000278 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Sagar Madhya Pradesh branch is mapped to IFSC PSIB0000278 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 PSIB0000278.
Banking services available
The Sagar Madhya Pradesh branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-222261.
- 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 PSIB0000278
Online banking and IFSC PSIB0000278
Punjab and Sind Bank customers can register for net banking and the bank's official mobile app once their account at the SAGAR MADHYA PRADESH 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 PSIB0000278 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 Sagar Madhya Pradesh branch
The branch is located at STATION ROAD SAGAR MADHYA PRADESH 470001, which puts it inside Sagar, the broader Sagar district, and the state of Madhya Pradesh. To plan your visit:
- Open Google Maps on your phone and search for “Punjab and Sind Bank Sagar Madhya Pradesh branch” — the verified location pin for IFSC PSIB0000278 should appear at the top of the results.
- Confirm the branch is open by calling 91-222261 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 PSIB0000278 and your account number.
Common mistakes to avoid when using IFSC PSIB0000278
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 – SAGAR MADHYA PRADESH, 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:
PSIB0000278. - 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 Sagar Madhya Pradesh branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC PSIB0000278, however, work 24x7.
Other ways to verify the IFSC code
While this page already lists the verified IFSC PSIB0000278 for Punjab and Sind Bank – SAGAR MADHYA PRADESH, you can cross-check the code from any of these sources before initiating a high-value transfer:
- The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
- The first page of your passbook.
- The bank's official website under the branch locator.
- The Reserve Bank of India's IFSC search portal.
- Net banking dashboards usually display the home-branch IFSC under account details.
Branch address & contact
Punjab and Sind BankSagar Madhya Pradesh Branch
STATION ROAD SAGAR MADHYA PRADESH 470001
Sagar, Madhya Pradesh
Phone: 91-222261
IFSC: PSIB0000278
Frequently asked questions
Is IFSC PSIB0000278 valid for NEFT and RTGS?
Yes. IFSC PSIB0000278 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the IFSC code of Punjab and Sind Bank Sagar Madhya Pradesh branch?
The IFSC code of Punjab and Sind Bank, Sagar Madhya Pradesh branch is PSIB0000278. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Where is Punjab and Sind Bank Sagar Madhya Pradesh branch located?
Punjab and Sind Bank's Sagar Madhya Pradesh branch is located at STATION ROAD SAGAR MADHYA PRADESH 470001, Sagar, Madhya Pradesh.
Is IFSC PSIB0000278 the same for all accounts at Sagar Madhya Pradesh branch?
Yes. The IFSC PSIB0000278 is shared by every account held at Punjab and Sind Bank's Sagar Madhya Pradesh branch. Only the account number changes from customer to customer.
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 Sagar Madhya Pradesh branch but serve different purposes.
How do I add Punjab and Sind Bank Sagar Madhya Pradesh as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC PSIB0000278, and complete OTP verification. Once activated, you can transfer funds at any time.
Summary
The IFSC code PSIB0000278 belongs to Punjab and Sind Bank's SAGAR MADHYA PRADESH branch, located at STATION ROAD SAGAR MADHYA PRADESH 470001 in SAGAR, MADHYA PRADESH. 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.
