The customer can avail the loan at few clicks & OTP and the amount will be automatically credited to his/her operative account after accepting the terms and conditions by the customer. All the operative accounts (SB/CA) will be linked through backend automatically. Under this digital journey, the entire process of application to disbursement will be done digitally.
2.
Age limit
Minimum: 18 years
3.
Eligibility
E Deposit Holders (Fixed Deposit & Recurring Deposit) of Punjab & Sind Bank in the name of single customer and allowed to individual only.
4.
Nature of Loan
Term Loan
5.
Quantum of loan
Min – Rs.10,000/-
Max – Need Based.
6.
Margin (Domestic Deposits)
Min -10%
7.
Rate of interest
Deposit in the name of Borrower
Loan Amt
Spread over the ROI of FDR
Up to 10 Lakh
1.50%
Above 10 Lakh to 100 Lakh
1.25%
Above 100 Lakh
1.00%
Staff/Ex-Staff
0.50%
8.
Tenure of Loan
Tenure of term loan should be less than residual period or on maturity.
9.
General Guidelines
Online LABD Account Opening:
ELABD/ELARD be given to individuals only.
Customer may take multiple loan/overdraft against one deposit or one loan against multiple deposits.
Customer may select any deposit account to proceed. However, in case customer want to select multiple deposit accounts from the list of eligible deposit accounts then after the selection of first one, the other deposit accounts shall fulfill the below criteria for selection:
Clubbing of FD and RD is not allowed.
Maturity Instructions of all selected deposit accounts shall either be auto renew or auto closure but user cannot select FDs having different maturity instructions.
Interest Payout of all selected deposit accounts shall either be compounding interest or periodic interest payout (Monthly/Quarterly). Clubbing of compounding FD and periodic interest payout FD is not allowed.
The deposit account shall be linked with the same operative account.
The deposit accounts shall not be linked with any existing Loan.
The Loan Account shall automatically be closed on the maturity date of the Term deposits.
The link will open only through bank's intranet and it will not open through internet
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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.
