No. That is a very unsafe idea.
Heres why:
First of all, I judge power supplies on a "guilty until proven innocent" basis, since the damage that a poor quality PSU can cause is devastating. Since I have never heard of Zebronics, I would assume its bad and never use it.
Poor quality PSUs would be at a high risk to fail, and can easily damage hardware (high ripple, overvoltage, etc), even if they don't fail.
After I looked up the specs page, it seems I was right, it's downright bad.
https://zebronics.com/products/gold-series/zeb-450w-black-gold
Heres a comparison between a proper 450w PSU and the Zebronic "450w"
Corsair CX450M
+5V@20A, +12V@37.4A
Zebronics Black Gold "450w"
+5v@15A, +12v@11A
Notice how the good 450w PSU has 448w or almost the full 450w on the 12v rail. Your PSU has 1/4 of that, indicating that your PSU is likely both very old and lying about its 450w output rating.
The pathetic 132w amount on the 12v rail is so low that it may not be enough for your setup, even just running an i3 without dedicated graphics.
Your PSU only says it only has over-voltage and short circuit protection and lacks any mention of the protections like under-voltage protection, over power protection, and over-temperature protection. I would consider your unit downright unsafe without these protections.
Honestly, I would throw that power supply away, or maybe recycle it for the metal. It doesn't belong in any computer.
Sorry for the ping, but i am curious to see what
@jonnyguru thinks about this!