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Punjab & Sind Bank · Hyderabad

PSIB0021558: Punjab & Sind Bank, Specialized Asset Recovery Branch

IFSC code PSIB0021558 belongs to the Specialized Asset Recovery Branch branch of Punjab & Sind Bank in Hyderabad, Telangana. Its MICR code is 500023008.

IFSC
PSIB0021558
MICR
500023008
Bank
Punjab & Sind Bank
Branch
Specialized Asset Recovery Branch
District
Hyderabad
State
Telangana
Phone
+914024753355

Branch address

Punjab & Sind Bank
Metro Estate, 7, Abids Road, Hyderabad, Telangana -500001

Open in a map · Pincode 500001: post offices and area

Payment systems

SystemOn RBI's list for this branchWhat it is for
NEFTYesTransfers of any amount, settled in half-hourly batches, all day
RTGSYesLarge transfers (₹2 lakh and above), settled one by one in real time
IMPSYesInstant transfers, any time, usually for smaller amounts
UPIYesPayments by UPI ID or mobile number from apps

Reading this IFSC

PSIB is Punjab & Sind Bank's bank code, the fifth character 0 is kept for future use, and 021558 is the code of the Specialized Asset Recovery Branch branch. In the MICR code 500023008, 500 is the city, 023 the bank and 008 the branch.

IFSC and your loan

When you take a loan through Oxon Fintech, the lending partner (a bank or NBFC) pays the money straight into your own bank account, so the application asks for your account number and its IFSC. Check both against your passbook or cheque book: a wrong IFSC can delay the payment. Oxon never asks for your OTP, PIN, CVV or passwords.

Data: the Reserve Bank of India's list of NEFT and RTGS bank branches, as compiled by Razorpay's open-source IFSC dataset. Bank details change from time to time (branches merge, move or close); confirm the IFSC with your bank or on your cheque book before you send money. Oxon Fintech is a loan platform, not a bank, and is not linked to the banks listed.

01 FAQ

Common questions.

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  1. The IFSC of Punjab & Sind Bank's Specialized Asset Recovery Branch branch (Hyderabad, Telangana) is PSIB0021558.

  2. 500023008. MICR is printed at the bottom of the branch's cheques.

  3. Metro Estate, 7, Abids Road, Hyderabad, Telangana -500001

  4. RBI's list shows this branch on NEFT, RTGS, IMPS and UPI. Use the IFSC PSIB0021558 with the beneficiary's account number.

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