This page lists the IFSC code, branch address, contact number and fund-transfer information for Punjab and Sind Bank, VARANASI branch in VARANASI. The 11-digit IFSC PSIB0000321 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 VARANASI 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.
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 – VARANASI is PSIB0000321. The first four letters PSIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000321 map to this branch in VARANASI, UTTAR PRADESH.
Bank profile
Punjab and Sind Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Varanasi branch — IFSC PSIB0000321 — extends the bank's services to customers in and around Varanasi, Uttar Pradesh.
Branch details at a glance
| Bank Name | Punjab and Sind Bank |
|---|---|
| Branch | Varanasi |
| IFSC Code | PSIB0000321 |
| MICR Code | Refer to cheque leaf |
| Branch Address | C 21 88 A LAHURABIR VARANASI 221001 |
| City | Varanasi |
| District | Varanasi |
| State | Uttar Pradesh |
| STD Code | 542 |
| Phone | 2418978 |
About the Varanasi branch
The Varanasi branch of Punjab and Sind Bank is situated at C 21 88 A LAHURABIR VARANASI 221001. 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 PSIB0000321 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 VARANASI branch came to be assigned the code PSIB0000321.
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 PSIB0000321, money simply cannot be routed to the VARANASI branch electronically.
Products and account variants supported
Every account opened at the Varanasi branch is mapped to IFSC PSIB0000321 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 PSIB0000321.
Products and services
Customers walking into the Varanasi 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 PSIB0000321
How to transfer money using IFSC PSIB0000321
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 PSIB0000321 across all three.
How to use IFSC PSIB0000321 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Punjab and Sind Bank's VARANASI 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 PSIB0000321.
- Confirm the bank name auto-populates as Punjab and Sind Bank and the branch as VARANASI.
- 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 VARANASI
If you need to transfer ₹2 lakh or more in one go to an account at Punjab and Sind Bank's VARANASI branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PSIB0000321 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 – VARANASI, use IMPS. With IFSC PSIB0000321 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
Comparing NEFT, RTGS and IMPS for transfers to Varanasi
The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC PSIB0000321:
- NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
- RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
- IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
- UPI — best for small peer-to-peer payments using a VPA; the underlying account at VARANASI is still linked to IFSC PSIB0000321.
For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.
How UPI relates to the IFSC code
UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Punjab and Sind Bank's VARANASI branch, the IFSC PSIB0000321 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.
That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.
Online banking and IFSC PSIB0000321
Punjab and Sind Bank customers can register for net banking and the bank's official mobile app once their account at the VARANASI 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 PSIB0000321 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 PSIB0000321 and the account number together uniquely identify the Varanasi 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 – VARANASI:
- The IFSC is exactly PSIB0000321 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 VARANASI 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 Varanasi branch sits at C 21 88 A LAHURABIR VARANASI 221001. If you are travelling from outside Varanasi, search for the branch on a maps application using the bank name and locality, or call 542-2418978 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 PSIB0000321 and your account number.
Verifying IFSC PSIB0000321 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 PSIB0000321 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 542-2418978.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Varanasi 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 PSIB0000321 continue to work without interruption.
Branch address & contact
Punjab and Sind BankVaranasi Branch
C 21 88 A LAHURABIR VARANASI 221001
Varanasi, Uttar Pradesh
Phone: 542-2418978
IFSC: PSIB0000321
Frequently asked questions
How quickly will an NEFT transfer using PSIB0000321 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Punjab and Sind Bank – Varanasi reflect within 30 minutes.
Is IFSC PSIB0000321 valid for NEFT and RTGS?
Yes. IFSC PSIB0000321 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
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 Varanasi branch but serve different purposes.
How do I add Punjab and Sind Bank Varanasi as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC PSIB0000321, and complete OTP verification. Once activated, you can transfer funds at any time.
Is IFSC PSIB0000321 the same for all accounts at Varanasi branch?
Yes. The IFSC PSIB0000321 is shared by every account held at Punjab and Sind Bank's Varanasi branch. Only the account number changes from customer to customer.
Does Punjab and Sind Bank Varanasi branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 542-2418978 to confirm.
Summary
The IFSC code PSIB0000321 belongs to Punjab and Sind Bank's VARANASI branch, located at C 21 88 A LAHURABIR VARANASI 221001 in VARANASI, UTTAR 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.
