a) Working capital: Fund Based & NFB facilities limits to meet day to day requirement / materials / labour payment / statutory payments.
b) Term Loan: For purchase of Plant & Machinery / Equipment / Transport Vehicles to be used for the execution of contract work.
c) Bank Guarantee: For bidding of tenders, mobilization of advance money, performance of the contract, guarantee in favour of Central / State Govt & its various departments and reputed Pvt. / Ltd. companies, guarantee for release of retention money.
Eligibility
MSME units engaged in the Contractor/ Subcontractor activity.
Sub-contractors executing work on behalf of main contractors are also eligible under this provided sub letting is through registered agreement and all required permission and licenses / registration are available.
Borrowers can be Individual(s) / Sole Proprietorship / Partnership firm/ HUF/Joint Venture/Joint Stock Company or any other entity engaged in this line of activity.
Nature of Credit facility
Working Capital facility: Overdraft against property (ODP).
Term Loan
Non Fund: Bank guarantee
Quantum of Finance
Minimum:
Rs 10.00 Lakh
Maximum:
Rs 2000.00 Lakh
80% of the realizable value of the property mortgaged
Rate of Interest
For Overdraft facilities: 1 year MCLR + 2.00%
For Term Loan facilities repayable upto 10 years: 1 year MCLR + 2.75%
Security
Equitable mortgage of immoveable property . 80% of the realizable value of the property mortgaged
Repayment
ODP
: On demand.
Term Loan
: Repayment in maximum upto 10 years
BG
: Tenor of BG not to exceed 10 years.
Processing charges:
For Term Loan/ Working Capital Term Loan: @1% of the loan amount with minimum of Rs.2000/-.
For Overdraft Facility/ BG: @ 0.50% of limit.
PSB Flexi Term Loan
Type of facility
PSB Flexi Term Loan is a pre approved term loan, bundled with PSB Contractor Plus, with an aim to provide term loan assistance to contractors in a smooth and hassle free manner.
Eligibility
All MSME credit constituents having satisfactory credit history of minimum 1year with bank and having working capital facility backed by property as primary or collateral.PSB flexi term loan will be sanctioned with working capital limit under PSB Contractor Plus of Rs.1.00 Crore and above.
Purpose
Term loan for purchase of machinery, equipment, commercial vehicles, furniture & fixture.
Quantum of Finance
Term loan of maximum 25% of the working capital limit.
Margin
25%
Repayment Period
5 years (60 EMI).
Processing Charges
One time charges of 1.00% at the time of disbursement.
Rate of Interest
One Year MCLR + 2.00%
Purpose
a) Working capital: Fund Based & NFB facilities limits to meet day to day requirement / materials / labour payment / statutory payments.
b) Term Loan: For purchase of Plant & Machinery / Equipment / Transport Vehicles to be used for the execution of contract work.
c) Bank Guarantee: For bidding of tenders, mobilization of advance money, performance of the contract, guarantee in favour of Central / State Govt & its various departments and reputed Pvt. / Ltd. companies, guarantee for release of retention money.
Eligibility
MSME units engaged in the Contractor/ Subcontractor activity.
Sub-contractors executing work on behalf of main contractors are also eligible under this provided sub letting is through registered agreement and all required permission and licenses / registration are available.
Borrowers can be Individual(s) / Sole Proprietorship / Partnership firm/ HUF/Joint Venture/Joint Stock Company or any other entity engaged in this line of activity.
Nature of Credit facility
Working Capital facility: Overdraft against property (ODP).
Term Loan
Non Fund: Bank guarantee
Quantum of Finance
Minimum:
Rs 10.00 Lakh
Maximum:
Rs 2000.00 Lakh
80% of the realizable value of the property mortgaged
Rate of Interest
For Overdraft facilities: 1 year MCLR + 2.00%
For Term Loan facilities repayable upto 10 years: 1 year MCLR + 2.75%
Security
Equitable mortgage of immoveable property . 80% of the realizable value of the property mortgaged
Repayment
ODP
: On demand.
Term Loan
: Repayment in maximum upto 10 years
BG
: Tenor of BG not to exceed 10 years.
Processing charges:
For Term Loan/ Working Capital Term Loan: @1% of the loan amount with minimum of Rs.2000/-.
For Overdraft Facility/ BG: @ 0.50% of limit.
PSB Flexi Term Loan
Type of facility
PSB Flexi Term Loan is a pre approved term loan, bundled with PSB Contractor Plus, with an aim to provide term loan assistance to contractors in a smooth and hassle free manner.
Eligibility
All MSME credit constituents having satisfactory credit history of minimum 1year with bank and having working capital facility backed by property as primary or collateral.PSB flexi term loan will be sanctioned with working capital limit under PSB Contractor Plus of Rs.1.00 Crore and above.
Purpose
Term loan for purchase of machinery, equipment, commercial vehicles, furniture & fixture.
Quantum of Finance
Term loan of maximum 25% of the working capital limit.
Margin
25%
Repayment Period
5 years (60 EMI).
Processing Charges
One time charges of 1.00% at the time of disbursement.
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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.
