Defence Personnel serving in Indian Army, Indian Navy, Indian Air Force, Paramilitary Forces, BSF, ITBP, NSG, Sashastra Seema Bal including Pensioners.
3
Age limit
(i) For Defence Personnel including Pensioners not having Salary and Pension accounts with our Bank:
Entry age
Minimum : 21 years
Maximum: 60 years
Loan must be fully adjusted up to the age of 70 years.
(ii)For Defence Personnel including Pensioners having their Gaurav Bachat Salary Accounts and Pension Accounts with Punjab & Sind Bank:
Entry age
Minimum : 21 years
Maximum: 70 years
Loan must be fully adjusted on or before the age of 78 years.
4
Quantum of Finance
Minimum: Rs. 10 Lakh
Maximum: Need based finance
The sanctioning authority to consider obtaining ITR/ Form 16 for last one year only. However, the repayment capacity to be derived from the latest salary slip.
Take-home Salary/Income:
Income (Annual)
Take Home Percentage
Income upto Rs. 5 lakh*
40%
Income above Rs. 5 lakh to Rs. 10 lakh
30%
Income above Rs. 10 lakh
20%
*For income (annual) upto Rs. 5 lakhs, the minimum take home Income (annual) of Rs. 2 Lakhs shall be considered and remaining amount of income can be used to assess repaying capacity of the Borrower.
Income of co-borrower (only spouse/major children) can be considered to arrive repaying capacity irrespective of their profession.
5
Rate of Interest
As circulated by HO RMD Department on time to time.
APNA GHAR GAURAV
CIBIL Credit Vision Score
Repo
%
Markup %
(3 Year Reset)
CRP %
(Yearly Review)
BSP %
(3 Year Reset)
Effective EBLR
%
791 and above
6.50
1.95
0.00
0.05
8.50
768-790
6.50
1.95
0.19
0.01
8.65
753-767
6.50
1.95
0.32
0.03
8.80
732-752
6.50
1.95
0.51
0.04
9.00
690-731
6.50
1.95
0.85
0.05
9.35
641-689*
6.50
1.95
1.20
0.20
9.85
For Salary account holder of Serving (including cadets from Pre Commissioned Training Academy) Defense Personnel and Pension account holders (upto age -70 years):
CIBIL Credit Vision Score
Repo
%
Markup %
(3 Year Reset)
CRP %
(Yearly Review)
BSP %
(3 Year Reset)
Effective EBLR
%
791 and above
6.50
1.95
0.00
0.00
8.45
768-790
6.50
1.95
0.19
0.01
8.65
753-767
6.50
1.95
0.32
0.03
8.80
732-752
6.50
1.95
0.51
0.04
9.00
690-731
6.50
1.95
0.85
0.00
9.30
6
Period of Loan
Maximum 30 years or upto the age of 70 years.
Maximum 30 years or upto the age of 78 years (For Gaurav Bachat Salary/Pension Account Holder)
7
Moratorium period
Same as PSB Apna Ghar.
8
Prepayment charges
NIL
9
Processing Charges
Full waiver of processing charges.
10
Inspection Charges
Full waiver of Inspection Charges.
11
Legal & Valuation charges
Charges related to Advocate, Valuer (1st & 2nd, if applicable) to be borne by the Bank. These charges should be paid to agencies by debiting “ADVOCATE CHARGES, TECHNICAL PROF EXP-REGD GST/ UNREGD” as per the case.
12
Documentation Charges
Expenses such as Stamp/Revenue Charges will be borne by the borrower.
13
Guarantee
In case of Co-borrower: Guarantee waived.
In all other cases: Guarantee of spouse, Major children to be obtained, if available.
Note: Only spouse/major children are eligible to become co-borrower under this scheme irrespective of their profession.
14
Due Diligence Report by External DDA
Waived
16
Locker Rent Concession
Locker Rent Concession: 50% concession on locker rent (for one small locker only) for self/ spouse/ jointly with spouse or major children, for first three years only.
17
EMI waive off
Under this scheme, the Bank shall waive off ‘Last three EMI’ subject to following conditions:
Minimum loan size (Disbursed): Rs. 20 lakh
Minimum loan tenure: 20 years
Each and every EMIs to be paid on or before the due date.
Restructured accounts are not eligible for waiver of EMIs.
Lower of ‘Initial EMI (as per sanction letter) or effective EMI at the end of tenure’ shall be considered for waiver.
Waiver of EMIs shall not be allowed in case of prepayment of loan by the borrower or takeover of the loan by other Banks/FIs.
18
Others
Credit Protect Insurance will be mandatory for Gaurav Bachat Salary/Pension Account Holders maintained with our Bank.
Salary/Pension Account holders have to take No Objection Certificate from Punjab & Sind Bank before changing their Salary/Pension Accounts into another Bank.
All other norms as applicable to PSB Apna Ghar will continue to be applicable for loans under this scheme.
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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.
