Punjab and Sind Bank IFSC code & MICR code

Searching for Punjab and Sind Bank's IFSC code & MICR code is a very simple process. The particular branch's IFSC code is printed on the leaves of the cheque book issued by the branch. You can also find the codes on the Punjab and Sind Bank website. Another way to find a particular branch's IFSC code is to use a service like BankBazaar. All you have to do is go to the homepage, scroll to the bottom of the page and select the 'Bank IFSC' tab. Just enter the details requested on the page and you will receive the bank branch's IFSC and MICR code. You will have to enter the name of the bank, which would be Punjab and Sind bank. After this, you will have to select the district, state and the bank branch from the options provided.

How do I Transfer Funds Using Punjab and Sind Bank (PSB) NEFT and RTGS?

Punjab and Sind Bank's NEFT and RTGS services make online money transfer quick and easy. This is a quick, secure and safe method to send money across banks throughout India. Given below is information on how you can avail of the services.

National Electronic Funds Transfer (NEFT)

Punjab and Sind Bank account holders can use the NEFT facility from Monday to Saturday, excluding the second and fourth Saturdays in a month. Amounts transferred using NEFT are cleared hourly from 8:00 am to 7:00 pm. Any transfer requests made after this time or made on holidays will be processed on the next business day. There is neither a lower limit nor a ceiling for NEFT transactions, which is why it is fast becoming the method of choice to transfer money.

The bank levies a charge for the NEFT facilities it provides, which are as follows:

1. Amounts up to Rs. 1 lakh have no charge.
2. Amounts above Rs 1 lakh up to Rs. 2 lakh will be charged Rs. 15 for each transaction.
3. Amounts above Rs. 2 lakh will be charged Rs. 25 for each transaction.

The above rates are exclusive of service tax and education cess.

RTGS (Real Time Gross Settlement)

RTGS services are offered by the bank as a means to make online money transfers through a secure channel. This is the quickest means to transfer money electronically in the country. RTGS transactions take place on a real time basis, which means the transactions take place as soon as the request is made. As a result, once a request is made through RTGS, it is irrevocable and final. This service is generally used for large transactions. The minimum amount that can be transferred is Rs. 2 lakh. There is no upper limit on transactions.

The bank offers this service to its customers Monday to Saturday, except on the second and fourth Saturdays in a month. The service is available during banking hours as specified by RBI.

The charges levied by the bank are as follows:

1. From Rs. 2 lakhs to Rs. 5 lakhs:

1. From Rs. 5 lakh onwards:

The above rates are exclusive of service tax and education cess.

About Punjab and Sind Bank (PSB):

The Punjab and Sind Bank is a Government owned bank with its headquarters in New Delhi. The bank was established in 1908 and it currently has over 1460 branches throughout India. It was nationalised in 1960. The bank continues to maintain the vision and values of its founders, blending social awareness and responsibility with quality service to its customers. The bank offers services like loans, deposits, international banking as well as locker facility, among many others.