PRIME MINISTER STREET VENDOR’S ATMA NIRBHAR NIDHI (PM SVANidhi)
Purpose
For providing affordable loans to street vendors to resume their livelihoods that have been adversely affected due to COVID-19 lockdown.
Objective
To facilitate working capital term loan
To incentivize regular re-payments
To reward digital transactions
Eligibility
Street Vendors having Certificate of Vending/Identity card issued by Urban Local Bodies/identified in Survey for issuance of Certificate or Identity Card/letter of recommendation from Urban Local Body or Town Vending Committee.
Nature of Loan
Working Capital Term Loan (WCTL)
Age
Should be an Adult, No upper age limit envisaged under the scheme
Margin
NIL
Security
No Collateral Security
Mandatory Information
Voter ID No, Minority Status, PWD Status, Benefits availed under Central Government Scheme, Aadhar Card No.
Quantum
Street Vendors will be eligible to avail a WCTL:
Categories
Maximum
First Tranche
Rs. 15,000/-
Second Tranche
Rs. 25,000/-
Third Tranche
Rs. 50,000/-
Tenure
Categories
Tenure
First Tranche
12 months
Second Tranche
18 months
Third Tranche
36 months
Moratorium
No moratorium period (NIL)
Disbursement
To be credited into the Saving Account/Current Account of the borrower maintained with our Bank
Digital Cashback Incentive
Rs.1 per inward/Outward first 100 Digital Transaction, subject to Maximum Rs. 100/month and Rs. 1200 in a year
The link will open only through bank's intranet and it will not open through internet
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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.
