| Age Limit |
17.5 to 23 years. |
18 to 60 years |
18 to 78 years |
|
| Mode of Operation |
As per mandate by customer (Single or joint with spouse or dependent family member) |
| Group Term Life Insurance Cover |
Rs 10 lakhs
- The coverage is available to Agniveers, serving defence and paramilitary forces personnel and pensioners up to the age of 60 years with effect from 01-10-2026.
- For Agniveers the coverage will start at the age of 18 years.
|
| Group Personal Accidental Death Cover |
Rs 100 lakh |
Rs 100 lakhs + Child Education Benefits. |
Rs 100 lakh |
Rs 100 lakh |
| Additional Child Benefit on Accidental Death Cover |
N.A. |
Education Cover Up to 24 Lakhs
- Rs. 6 Lakhs for Boy Child between 12-22 years.
- Up to Rs. 12 Lakhs in case of girl child age 12-22 years. Wherever accident death claim is admissible, for maximum 2 children.
|
N.A. |
N.A. |
| Total Disability Cover |
Rs 100 lakhs |
| Permanent Partial Disability Cover |
Up to Rs 100 lakhs |
| Air Accident Death Cover (Without POS Conditions) Including Service Aircrafts |
Rs 100 lakhs (International Travel) |
| Rs 120 lakhs (Domestic Travel) |
| Railway Accident (Without POS Conditions) (Death Insurance) |
Rs 100 lakh. |
| Anti-Terrorist/Naxal Operations Cover |
Personal Accidental Insurance (PAI) + Rs 10 lakhs |
Personal Accidental Insurance (PAI) + Rs 10 lakhs |
N.A. |
N.A. |
| Add on Covers |
Ambulance Charges – Rs 3000 per case
Plastic Surgery – Rs 10 lakh.
Imported Medicines – Rs 10 Lakh.
Death After Coma – Rs 2 Lakh
Body Repatriation – Rs 30000/-
Emergency Medical Expense – Rs 10000/-
Funeral Expenses – Rs 10000/-
|
| Wellness Program/Benefits / Annual Health Check-up(#) |
1. Annual Preventive Health Checkup once a year.
2. Unlimited teleconsultation cover.
3. Unauthorized Digital Txn Cyber Cover- Rs. 25000 Annual (Available only for Agniveer and serving Defence & Paramilitary personnel.)
(The Annual preventive health check up and Teleconsultation cover is available through the application “Caringly Yours” of Bajaj General Insurance Limited.)
|
| Hospital Cash Benefit (#) |
- Daily Hospital Cash Benefit 2500/- per day for hospitalization & 5000/- per day for ICU admission (Max 10 days per hospitalization and up to 30 days per annum).
- The Hospital Cash Benefit is available for family members on payment of Rs.208/- + GST per person of the family. The customer shall apply for the family members at the time of opening the account in this product.
(Available only for Agniveer and serving Defence & Paramilitary personnel.) |
| Top-Up Health/ Medical Insurance Cover (Cost to be borne by A/c holder)# |
As per Table A provided below. |
| Other Benefits |
|
|
- NPCI Debit Card Benefits
- Free of Cost Door Step banking for Life Certificate Collection
- SMS for new schemes/new facilities/monthly pension.
|
| Minimum Average Balance Requirement |
NIL |
NIL |
NIL |
NIL |
| NEFT/RTGS/IMPS/SMS Charges |
NIL |
NIL |
NIL |
NIL |
| Cheque Book Issuance Charges |
Free up to 100 leaves per annum. |
| Passbook Issuance Charges (Lifetime) |
Free. |
| Issuance of Email Statement Charges |
Free |
| ATM cum Debit Card |
PSB Rupay Platinum Debit Card and PSB Rupay Select Debit Card
(Issuance, Reissuance and AMC Charges waived)
|
| ATM Transaction Charges |
Unlimited Free transactions at all ATMs (our Bank & other Bank’s ATM). |
| Cash Handling Charges |
Waived for both cash deposit and cash withdrawal at all bank branches (home and non – home). |
| Issuance of Demand Draft Charges |
Free |
| Locker Rent Concession |
50% Concession on one Small Locker only |
50% Concession on any one Locker |
50% Concession on one Small Locker only |
50% Concession on one Small Locker only |
| Standing Instruction Charges |
Free |
| Overdraft Facility |
Upto 3 months net Salary Credit or Rs 2 lakh whichever is lower. |
NA |
NA |
| Instant OD of Rs 5000/- For Agniveers Only. |
An overdraft facility up to ₹5,000 may be extended to Agniveers at the time of account opening, subject to the following conditions:
- NOC from the salary disbursing authority/concerned authority confirming the Agniveer’s Date of joining and stating that the salary account of the Agniveer is with our Bank is to be submitted before sanctioning the OD facility.
- The OD facility of Rs 5000/- shall be adjusted from the first salary credited in the account.
- Completion of account opening formalities and KYC requirements.
- No overdraft facility shall be extended to customers below 18 years of age.
|
| Flexi FDR Facility |
The Flexi FDR Facility will be available to all the variants under PSB Gaurav Bachat account holders as under:
- Amount in excess of Rs 25,000/- will be converted to Flexi Fixed Term Deposit.
- Minimum Flexi FDR Tenure- 46 Days
- Maximum Flexi FDR Tenure- 120 months
- Sweep Amount & Reverse Sweep: In multiple of Rs 5000/- for both sweep in and sweep out.
- Auto renewal is allowed and the tenure of auto renewal will be the same period as opted by the customer at the time of availing the facility.
- Rate of Interest on Flexi FDR will be applicable as per the card rate. (Click Here) - https://punjabandsind.bank.in/content/interestdom
- Penalty on pre-mature closure of the Flexi FDR shall be applicable.
- Maximum amount in Flexi FDR: Rs 2,99,99,999/-
- Loan/Overdraft Facility against the Flexi Fixed deposits will not be available.
- This facility is available to the customer on optional basis.
|
| Additional Benefits to Working Spouses (having Salary Account with Punjab & Sind Bank) |
The salary accounts of spouse of Defence Personnel and Pensioners are eligible for coverage under PSB Salary Plus New Udaan Scheme subject to meeting the eligibility criteria as mentioned in the scheme. |
| Personal Accident Death Cover and other benefits under PSB Salary Plus Udaan. |
NA |
Up to Rs 100 lakhs (As per the Salary Variant) + Child Education Benefits |
NA |
