IFSC Code of Punjab and Sind Bank, Mohali Sector Paragoan Public School Branch, Punjab

Use this page as a one-stop reference for everything related to Punjab and Sind Bank's MOHALI SECTOR PARAGOAN PUBLIC SCHOOL branch in SAS NAGAR,MOHALI, PUNJAB. The branch's IFSC code PSIB0000843 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.

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 – MOHALI SECTOR PARAGOAN PUBLIC SCHOOL is PSIB0000843. The first four letters PSIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000843 map to this branch in SAS NAGAR,MOHALI, PUNJAB.

Bank profile

Punjab and Sind Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Mohali Sector Paragoan Public School branch — IFSC PSIB0000843 — extends the bank's services to customers in and around Sas Nagar,Mohali, Punjab.

Branch details at a glance

Mohali Sector Paragoan Public School branch overview

Located at PARAGON PUBLIC SCHOOL SECTOR - 71, S A S NAGAR, MOHALI, PUNJAB-160071, the Mohali Sector Paragoan Public School branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC PSIB0000843 is required for all interbank electronic transfers routed through this branch.

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 MOHALI SECTOR PARAGOAN PUBLIC SCHOOL branch came to be assigned the code PSIB0000843.

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 PSIB0000843, money simply cannot be routed to the MOHALI SECTOR PARAGOAN PUBLIC SCHOOL branch electronically.

Products and account variants supported

Every account opened at the Mohali Sector Paragoan Public School branch is mapped to IFSC PSIB0000843 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 PSIB0000843.

Products and services

Customers walking into the Mohali Sector Paragoan Public School 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 PSIB0000843

How to transfer money using IFSC PSIB0000843

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 PSIB0000843 across all three.

NEFT to Punjab and Sind Bank, MOHALI SECTOR PARAGOAN PUBLIC SCHOOL using IFSC PSIB0000843

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 PSIB0000843, and confirm that the system picks up Punjab and Sind Bank – MOHALI SECTOR PARAGOAN PUBLIC SCHOOL. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to MOHALI SECTOR PARAGOAN PUBLIC SCHOOL

If you need to transfer ₹2 lakh or more in one go to an account at Punjab and Sind Bank's MOHALI SECTOR PARAGOAN PUBLIC SCHOOL branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PSIB0000843 while initiating the transfer and the credit will appear within minutes.

IMPS to Punjab and Sind Bank MOHALI SECTOR PARAGOAN PUBLIC SCHOOL (IFSC PSIB0000843)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PSIB0000843 in your mobile or internet banking app, and the money is credited to the MOHALI SECTOR PARAGOAN PUBLIC SCHOOL branch account within seconds.

NEFT vs RTGS vs IMPS — which one should you use?

All three modes accept the IFSC PSIB0000843 for Punjab and Sind Bank – MOHALI SECTOR PARAGOAN PUBLIC SCHOOL, 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.

For most retail customers crediting the Mohali Sector Paragoan Public School 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 PSIB0000843

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 – MOHALI SECTOR PARAGOAN PUBLIC SCHOOL is still mapped to IFSC PSIB0000843. 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 PSIB0000843 and the beneficiary's account number to complete the transfer.

Online banking and IFSC PSIB0000843

Punjab and Sind Bank customers can register for net banking and the bank's official mobile app once their account at the MOHALI SECTOR PARAGOAN PUBLIC SCHOOL 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 PSIB0000843 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.

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 PSIB0000843 and the account number together uniquely identify the Mohali Sector Paragoan Public School branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Common mistakes to avoid when using IFSC PSIB0000843

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 – MOHALI SECTOR PARAGOAN PUBLIC SCHOOL, 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: PSIB0000843.
• 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 Mohali Sector Paragoan Public School branch sits at PARAGON PUBLIC SCHOOL SECTOR - 71, S A S NAGAR, MOHALI, PUNJAB-160071. If you are travelling from outside Sas Nagar,Mohali, search for the branch on a maps application using the bank name and locality, or call 172-5027507 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 PSIB0000843 and your account number.

Verifying IFSC PSIB0000843 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 PSIB0000843 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 172-5027507.
• Visiting the bank's official branch locator page.

Working hours

Branch counters at Mohali Sector Paragoan Public School 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 PSIB0000843 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code PSIB0000843 belongs to Punjab and Sind Bank's MOHALI SECTOR PARAGOAN PUBLIC SCHOOL branch, located at PARAGON PUBLIC SCHOOL SECTOR - 71, S A S NAGAR, MOHALI, PUNJAB-160071 in SAS NAGAR,MOHALI, PUNJAB. 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.