Purchase/ Construction / Renovation of Business Premises, Factory / Offices /Shop / Godown etc.;
•For construction of building(s) in the pre-owned land, acquisition of factory land and Building as well as factory land with building under construction
•To start Greenfield Projects
•For acquisition of fixed assets (Plant & Machinery, equipment, furniture & fixtures etc) for business activities
•Any other purpose whereby asset is created out of Bank’s finance for the purpose of running the business
A) Cash credit/Overdraft limit: To meet the working capital requirements
B) Stand By Line of Credit: To meet the temporary liquidity mismatch
C) Non Fund based limit (Bank Guarantee& Letter of Credit)
Eligibility:
•Enterprises should be owned or managed by the young entrepreneurs between the ages of 18-35 years or cases where majority stakeholders (at least 51%) should be aged between 18-35 years
•Individuals/ Proprietorship / Partnership / Limited Liability Partnership (LLP) / Pvt. Ltd. Co. / Public Ltd. Co & any other legal entity having valid Udyam Registration are eligible, Units should have in place all necessary approvals/NOC from respective authorities
•For only New borrowers
CIC score of the promoters/partner(s) should be 690+
CMR from 1-4/Internal Rating 1-5.
Satisfactory Due Diligence Report.
Any Account of customer shall not be remaining into SMA-1 in last 12 months.Note: Trust / associations/ Societies, HUF/ HUF as proprietor / partner are not eligible.
Type of Facility
Cash credit/Overdraft limit, Term Loan, Non-fund (LC/BG), Stand by Line of Credit
Quantum of Loan
Maximum: Up to ₹ 500.00 Lakh (OD/CC+TL+Non-fund) A stand-by working capital limit up to 10% of the assessed limit for 90 days may be additionally made available to facilitate urgent credit needs for executing sudden orders.
Margin
For Working Capital:
Hypothecation of Stock & Book Debts- 25%, Pledge of Stocks – 15%, OD Against Property- 25% of RV, Non Fund- 10% (Cash Margin), Packing Credit/Post Shipment- 10%
Cases covered under CGTSME/CGFMU etc. : No Guarantee
For Hybrid Model - Promoter & Proprietor and property owner which is acceptable as per CGTMSE scheme
In case of CGTMSE coverage/Hybrid security: As per extant guidelines for CGTMSE
Personal guarantee of immovable property owner offered as security. Proprietorship concerns: wife/major son(s), Partnership firms: guarantee of Partners.
Tenure
Working Capital - 12 months subject to annual renewal
For Hybrid Model - Promoter & Proprietor and property owner which is acceptable as per CGTMSE scheme
In case of CGTMSE coverage/Hybrid security: As per extant guidelines for CGTMSE
Personal guarantee of immovable property owner offered as security. Proprietorship concerns: wife/major son(s), Partnership firms: guarantee of Partners.
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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.
