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Punjab and Sind Bank Fund Transfer

All customers of Punjab and Sind Bank can use their online fund transfer service. The online Punjab and Sind Bank transfer money service helps customers of the bank to transfer money from their account to anyone in India. Punjab and Sind Bank fund transfer service works on mobile phones so that you can easily transfer money from your account to beneficiary’s account in real-time.


Online Punjab and Sind Bank transfer money service saves you a lot of time as you don’t have to write a cheque and money can be transferred online. As the entire transfer process works online, you don’t have to submit cheque to beneficiary and they will receive credit in their bank account in real-time. Using Punjab and Sind Bank fund transfer service is extremely simple. Just download our app and register your Punjab and Sind Bank accounts. After that you can generate a secure banking PIN and use it to transfer funds to anyone in India from your PSB accounts.


Online fund transfer service by Punjab and Sind Bank also lets you transfer funds without adding beneficiaries so that you save time and can transfer money as and when required. All transactions performed via our app are 100% safe and secure. Punjab and Sind Bank will send you an SMS as soon as the transaction is processed. Similarly, the beneficiary will receive an SMS from their bank confirming the credit.


Punjab and Sind Bank transfer money service features:
  1. Real-time fund transfer from Punjab and Sind Bank account online
  2. Without adding beneficiary transfer funds
  3. Own account fund transfer for transferring money between your own Punjab and Sind Bank accounts
  4. Own account fund transfer across banks supported so you can transfer funds from your Punjab and Sind Bank account to account held with any other bank in India
  5. Use fund transfer service 24x7, 365 days a year
  6. Online transfer money facility can be used even on all Saturdays, Sundays, bank holidays and public holidays
  7. You can transfer money to any bank in India
  8. Transfer upto Rs. 1,00,000 per day from your account. This is the maximum limit as set by your bank
  9. Upto 10 transfers per day allowed from your account. This is the maximum limit as set by PSB
  10. No charges for using online Punjab and Sind Bank money transfer service
  11. Bank will send an SMS as soon as funds are transferred
  12. Beneficiary will also receive an SMS from their bank, confirming the fund transfer
  13. For transferring funds in real-time from your PSB account to beneficiary’s account, BHIM UPI is used

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How to transfer money from Punjab and Sind Bank account online:

  1. Download Cointab app for Android or iPhone
  2. Install app using mobile number which is registered in your Punjab and Sind Bank account
  3. Select Punjab and Sind Bank for bank account registration
  4. All your Punjab and Sind Bank accounts will be registered and activated for mobile banking
  5. Generate PSB banking PIN
  6. Select Transfer Money
  7. Enter beneficiary’s name
  8. Enter beneficiary’s bank account number & IFSC code
  9. Enter amount
  10. Enter your banking PIN (which you generated in the previous step)
  11. Money will be transferred from your Punjab and Sind Bank account and credited in recipient’s bank account in real-time
  12. You’ll get an SMS from PSB about the transaction. Recipient will also receive an SMS from their bank

Online transfer of money from your Punjab and Sind Bank account is a very simple and quick process and you can use the transfer money service whenever required. Please keep in mind that the maximum transfer limit is Rs. 1,00,000 per day and 10 transactions per day.

Online Money Transfer Service Features


Real-time fund transfer from bank account to anyone in India

Punjab and Sind Bank offers an online money transfer facility using which you can transfer money to anyone in India. Using Punjab and Sind Bank fund transfer service you can transfer money even if the beneficiary doesn’t have an account with your bank. On a real-time basis, money gets credited in beneficiary’s bank account.

Transfer funds without adding beneficiary

Online fund transfers typically require you to add and activate beneficiary and you can do money transfers only after that. But using our app you can transfer money without adding beneficiaries. You just have to specify the beneficiary’s account number and IFSC code and money will be credited in their bank account in real-time, directly from your Punjab and Sind Bank account.

Self account money transfer

Using Punjab and Sind Bank online money transfer service you can transfer money between your own accounts as well. This is a very useful service if you hold multiple accounts with the bank as at a click of a button you can do fund transfer between your own accounts. This service also works if you hold accounts with other banks - you can debit money from your PSB account and credit money into any of your account with other banks.

BHIM UPI ID transfer money

Online Punjab and Sind Bank fund transfer service also allows you to transfer money to a BHIM UPI ID. This is particularly useful if the beneficiary also uses a BHIM UPI app wherein without requesting for beneficiary’s account details you can directly transfer money to their BHIM UPI ID. In such cases, money gets credited in the account which is linked with their BHIM UPI ID.

Transfer money to mobile number

Another way to transfer money is via mobile number. With the help of our app you can easily transfer money to your friends and family without requesting for their account number + IFSC code or BHIM UPI ID. When you transfer money to a mobile number, money gets credited in beneficiary’s bank account which is linked to their mobile number in our app.

Transaction limit

Online money transfer service is being offered by Punjab and Sind Bank to all its customers free of cost. You don’t have to pay any charges for using the online money transfer service and can transfer money from your bank account as and when required.

No charges for using online money transfer service

Due to some reason if you want to change your Punjab and Sind Bank BHIM PIN then you can use our mobile app for instantly changing your PSB UPI PIN. Your new PIN will be immediately registered in your Punjab and Sind Bank account and you can use it for performing financial transactions.

24x7 service

Online money transfer service works 24x7 and enables you to transfer money whenever required so that you don’t have to visit the branch or ATM and can initiate fund transfer directly from your mobile. You can even do fund transfer on weekends, bank holidays and public holidays.

Online Transfer Money service benefits


Time saving: Using online Punjab and Sind Bank transfer money service you can immediately transfer funds to beneficiary, without writing a cheque or withdrawing cash from the branch or ATM. This helps you save a lot of time.

Easy access: Fund transfer service is completely online and can be used 24x7, throughout the year.

Cost saving: There are no fees for using PSB money transfer facility and you can transfer money to beneficiaries as and when required without worrying about transaction charges.

Security: All Punjab and Sind Bank mobile banking transactions are 100% secure due to linking of your account on your mobile number and your banking PIN

Multi Purpose: In addition to transferring money to beneficiary, you can also use Punjab and Sind Bank money transfer service to recharge your mobile / DTH, pay electricity / gas / credit card bill, buy insurance, book fixed deposit, buy mutual fund, etc.

Security of Punjab and Sind Bank Online Transfer Money

100% security for Punjab and Sind Bank Online Transfer Money is ensured in the following ways:

  1. Punjab and Sind Bank UPI registration for your bank accounts can only be done on your mobile due to linking of your mobile number with your account
  2. Before using BHIM services, you must create a new secure UPI PIN using your debit card
  3. While performing transactions on your mobile you have to use your Punjab and Sind Bank UPI PIN. No transaction will go through without this secure UPI PIN
  4. App password can be created so that no one can even open the app without knowing your app password
  5. PIN or pattern lock can be created for your phone so that no one can open your mobile

Timing of Punjab and Sind Bank Online Transfer Money

  • UPI services are available on all days, including Saturday and Sunday
  • Advantage of Punjab and Sind Bank BHIM is that it can be used at night as well
  • As banking is extremely important in day to day life, you can use UPI facility even on bank holidays and public holidays
  • BHIM services can be availed throughout the year

Eligibility conditions for using Online Money Transfer Service

In order to use Punjab and Sind Bank Online Money Transfer service you must meet the following requirements:

  • A savings or current account with Punjab and Sind Bank
  • Mobile number should be registered with your bank
  • Android or iPhone mobile phone
  • Internet connection either via SIM card or WiFi

Limitations of Online Transfer Money Service

Following are the restrictions in Punjab and Sind Bank online transfer money service:

  • Your mobile number must be registered in Punjab and Sind Bank
  • It requires Android or iPhone mobile phone
  • It will not work without internet connection
  • Transfer upto Rs. 1,00,000 per day per bank account
  • Transfer upto 10 time per day per bank account

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