A special current account product, designed exclusively for new business and for Start Ups recognised by Department for Promotion of Industry and Internal Trade (DPIIT) with the objective of meeting the financial and banking requirements essential for scaling the business operations
Feature
Ignite
Elevate
Eligibility Criteria
Customers can deposit document suggesting that their business is not older than 1 year.
a. An entity shall be considered as a startup up to 10 years from the date of its incorporation.
b. Turnover should be less than INR 100 Crores in any of the previous financial years.
c. Firms having valid Startup Certificate of Recognition (CoR) issued by Ministry of Commerce and Industry, Government of India, Department for Promotion of Industry and Internal Trade (DPIIT).
Who can open the Current Account
Individuals, Sole Proprietary Concerns, Partnership Firms, Limited Liability Partnership, Hindu Undivided Family, Private and Public Limited Companies, Public Corporations, Registered or Unregistered Societies or Associations/Clubs, Government/Semi-Government Bodies etc.
Firm (Startup) should be incorporated as a private limited company or registered as a partnership firm or a limited liability partnership.
Monthly Average Balance (MAB)
NIL
Cash Deposit Charges
Free up to Rs. 50 lakhs monthly for 1 year
Free up to Rs. One Crore monthly.
NEFT/RTGS/IMPS Charges
Free
Cheque Book
500 cheque book leaves free yearly
POS Machine
POS machine Installation Free, POS monthly rent free for 1 year
Internet Banking
Available
Monthly Account Statement
Free (Hard & E-copy), 4 times in a month
BHIM QR Code
Free Installation
ATM cum Debit Card
Rupay Classic Debit Card & Rupay Platinum Card – Available (Issuance & AMC Charges Waived for both variants)
Demand Draft Charges
Free
Balance Certificate
Free
Signature Verification
Free
Ledger Folio Charges
Free
Capacity Building Training
A transformative training program tailored for MSME entrepreneurs associated with the Bank.
The link will open only through bank's intranet and it will not open through internet
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“Compare and Shop is a Service provided by Cheggout Services Pvt Ltd for Punjab and Sind Bank customer(s). Punjab & Sind Bank is providing this as a value added service. Punjab and Sind Bank does not guarantee or warranty or make any representation about the usefulness, worthiness and/or character of the product/service and/or discount or benefit.”
A New Internet Banking and Mobile Banking Solution - PSB UnIC for Retail Customers including NRE/NRO and PSB UnIC Biz for Sole Proprietor customers and Corporate Customers has been rolled out successfully by the Bank bringing UPI, IMPS, NEFT, RTGS and many more banking services under one platform.
Please note that our customers have already been notified that the old Internet Banking Portal of the Bank will be pulled down by 28.02.2022. The Funds Transfer services were blocked for Retail Internet Banking Customers since 09.01.2022. However, our old Internet Banking Portal was running parallelly for the last few days for the benefit of old Retail and Corporate Internet Banking Customers. It has now been decided that the Old Internet Banking will be pulled down on midnight of 21.03.2022. Bill Payments and Tax Payments ( OLTAS and GST) can be done through PSB UnIC digital platform. Bill Payment services are moved to PSB UnIC from 16.03.2022 onwards and the OLTAS functionality will be live from 18.03.2022 through PSB UnIC.
Our existing old Internet Banking customers ( Retail and Sole Propriership) who are yet to register in PSB UnIC are requested to make a onetime registration by visiting our website: https://punjabandsindbank.co.in and by clicking on PSB UnIC and choosing appropriate Option as follows:
And submit the duly signed application form along with required documents Viz. Board Resolution / Partnership Letter with Deed / Trust, Society, Club Resolution Letter/ HUF Letter etc. and also the KYC documents of the Authorised Users immediately to the parent Branch.
These corporate customers will be sent a registration kit through email after submission of the above documents. By Using the credentials in the mail, the corporate customers are requested to register by following the instructions contained in the email and start availing the benefit of PSB UnIC Biz services.
General Manager-IT,
Punjab & Sind Bank
Internet Banking
Dear customers,
A New Internet Banking and Mobile Banking Solution - PSB UnIC for Retail Customers including NRE/NRO and PSB UnIC Biz for Sole Proprietor customers and Corporate Customers has been rolled out successfully by the Bank bringing UPI, IMPS, NEFT, RTGS and many more banking services under one platform.
Please note that our customers have already been notified that the old Internet Banking Portal of the Bank will be pulled down by 28.02.2022. The Funds Transfer services were blocked for Retail Internet Banking Customers since 09.01.2022. However, our old Internet Banking Portal was running parallelly for the last few days for the benefit of old Retail and Corporate Internet Banking Customers. It has now been decided that the Old Internet Banking will be pulled down on midnight of 21.03.2022. Bill Payments and Tax Payments ( OLTAS and GST) can be done through PSB UnIC digital platform. Bill Payment services are moved to PSB UnIC from 16.03.2022 onwards and the OLTAS functionality will be live from 18.03.2022 through PSB UnIC.
Our existing old Internet Banking customers ( Retail and Sole Propriership) who are yet to register in PSB UnIC are requested to make a onetime registration by visiting our website: https://punjabandsindbank.co.in and by clicking on PSB UnIC and choosing appropriate Option as follows:
And submit the duly signed application form along with required documents Viz. Board Resolution / Partnership Letter with Deed / Trust, Society, Club Resolution Letter/ HUF Letter etc. and also the KYC documents of the Authorised Users immediately to the parent Branch.
These corporate customers will be sent a registration kit through email after submission of the above documents. By Using the credentials in the mail, the corporate customers are requested to register by following the instructions contained in the email and start availing the benefit of PSB UnIC Biz services.
