Punjab and Sind Bank SWIFT/BIC code

Punjab and Sind Bank SWIFT code: PSIBINBB

The 8-character code PSIBINBB and the full code PSIBINBBXXX identify one and the same institution: Punjab and Sind Bank. A BIC has a single purpose: it ensures that a cross-border transfer reaches the right bank. In daily life you mostly come across the code on invoices from abroad, in your banking app and on the account details of Punjab and Sind Bank customers.

We wrote this page to help people who sends money to an account at Punjab and Sind Bank. The SWIFT code alone does not identify a personal account; that is what the account number or IBAN is for.

Getting paid from abroad into a Punjab and Sind Bank account

When you are waiting for a payment from another country, give the sender a complete set of details. What they need is: the account holder’s name, account number or IBAN, PSIBINBBXXX and often your postal address.

Some banks want the address of Punjab and Sind Bank; it does no harm to include it. A mistake in the IBAN is more trouble than it looks; copy them from your banking app rather than typing.

Money from abroad will not always land in full. Intermediary banks may deduct a fee, and if the money is converted, a markup on the rate comes on top. Make clear with the sender who covers the fees before the money is sent.

The Indian Rupee and what conversion costs you

India pays in the Indian Rupee. A payment in a foreign currency will be converted into INR, and whoever converts it chooses the rate. Each conversion eats into the amount – usually through the rate rather than a fee.

Who does the conversion affects the final amount, since every bank sets its own rate. In many cases you pay less to send INR straight away via a provider with a good rate, so that the receiving bank does not need to convert again.

The rate for INR changes throughout the day and quotes are often valid only for a short time. On larger amounts, a seemingly small gap in the rate can be worth more than the fee.

A note on our data

We collect SWIFT/BIC codes from publicly available data and update them from time to time. Institutions merge, change names and retire codes – a directory can be a step behind. Counts and locations are from our directory and are not confirmed by Punjab and Sind Bank.

Before any payment that matters, always confirm the BIC with the recipient’s bank or with the recipient. GoldexPay is independent of Punjab and Sind Bank. If you notice something that is out of date, we appreciate a message.

Head office or branch code at Punjab and Sind Bank?

Our database contains 30 SWIFT/BIC codes for Punjab and Sind Bank in 15 cities. Next to the head office code PSIBINBBXXX, you will find codes for regional offices and specialised units.

Unless the recipient tells you otherwise, go with PSIBINBBXXX. Just use a branch code when the account holder gives you that exact code, for example on a letter or invoice.

When in doubt, check with the recipient for the exact BIC in their bank details. Branch codes are sometimes changed or retired over time.

How long does an international transfer to Punjab and Sind Bank take?

There is no fixed answer for international payments: some arrive within a day, others take several business days. Weekends and public holidays in the sending or receiving country can add a day or more, since banks do not process on those days. Occasionally a bank asks what the payment is for.

If the money seems delayed, contact the sending bank about the status or the UETR so they can trace it along the chain. Money transfer services often provide tracking in their app showing where the money has got.

If the money does not arrive after a few business days, the sender needs to start with their own bank, not the receiving bank. On the receiving end, it helps to check your statements for a partial amount because fees can reduce the amount.

8 or 11 characters: PSIBINBB versus PSIBINBBXXX

A SWIFT code is made up of a few fixed parts: characters one to four stand for the bank, the next two give the country and characters seven and eight mark the location. Together, those parts form PSIBINBB – the version you usually see online.

Many payment forms accept both lengths. If a form requires eleven characters, use PSIBINBBXXX.

Type the code as one block, in upper case and without separators, exactly as shown here. A single character can send the money to a different institution, so check it twice.

Protect yourself against fake payment requests

Scammers regularly use payment requests with changed bank details. A real SWIFT code says nothing about whether the request is genuine.

Check new bank details through a different channel, such as a phone number you already know, never via the email that asked for the change. Watch out for time pressure, unusual wording or an email address that differs by one letter. When money has already gone to a fraudster, call your bank right away: the sooner they act, the better the chance of a recall.

People receiving money can be targeted as well: a classic trick is a buyer who pays too much followed by a request to send back the difference to another account. A payment confirmation from the sender is no proof – check your own account.

How to check PSIBINBB before you pay

The best place to find the right code is paperwork issued by the bank, such as a statement or the account details in online banking. When the code you were given differs from PSIBINBB or PSIBINBBXXX, stop and ask – contact the recipient or Punjab and Sind Bank.

An incorrect BIC can cause delays, a returned payment or additional charges. Remember the IBAN: an error there can be harder to correct than a wrong code.

Many banking apps check the format of IBANs and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. More and more banks check the payee name against the account before you confirm – do not ignore a mismatch warning. A small test payment can be worth it for large sums, even if it costs an extra fee.

What a transfer from Punjab and Sind Bank abroad really costs

An international bank payment costs more than the fee suggests. There is the fee for the transfer itself, possibly fees charged by intermediary banks along the way and, most importantly, the margin on the exchange rate.

The markup on the rate tends to be the largest cost even though it is not listed as a fee. A simple test: put the bank’s rate against the mid-market rate for the same moment and look at the difference.

Specialised transfer providers often offer a rate near the mid-market rate and lower fees. Next time you send money, take a minute to compare the total cost on GoldexPay instead of going straight to your bank. You can still use your account at Punjab and Sind Bank to fund the transfer, while a cheaper service handles the conversion.