To meet additional working capital requirement of existing borrowers to tide over short-term liquidity mismatch.
Eligible Borrower
MSMEs/Non MSMEs/Airline Sector
The borrower’s credit facilities should be categorized as ‘standard’ (excluding SMA-2) as on 31.03.2026.
Nature of Facility
Working Capital Term Loan
Quantum of Finance
MSMEs/Non MSMEs (except Airline sector):
Up to 20% of the peak fund-based working capital outstanding during the fourth quarter of FY 2025–26 (i.e. between 01.01.2026 and 31.03.2026 both days inclusive)
Maximum Loan Amount : ₹100 crore per borrower
Airline Sector:
Up to 100% of the total peak credit outstanding (fund-based and non-fund based) during the fourth quarter of FY 2025–26. (i.e between 01.01.2026 and 31.03.2026 both days inclusive)
Maximum Loan Amount: ₹1,500 crore per borrower
Guarantee Coverage
Covered by NCGTC
100% Guarantee coverage for MSME Borrowers
90% Guarantee coverage for Non-MSME and Airline Sector Borrowers.
Security
Charge on existing securities (primary as well as collateral) and on assets created out of the loan under PSB ECLGS 5.0, within 90 days from the date of disbursement.
Processing Fee
No processing fee shall be charged for sanction of this facility
Mode of Application
All applications must be mandatorily routed through the Jan Samarth Portal
Guarantee Fee
NIL
Tenor of Loan
For MSMEs/Non MSMEs (except Airline sector): 5 years from the date of first disbursement including moratorium of 1 year
For Airline sector: 7 years from the date of first disbursement including moratorium
For Airline sector:
Rate of Interest shall be linked to EBLR for MSMEs, as circulated by HO RMD Department vide HO Cir No-669 (R)/2025-26 dated 29.10.2025 and amendments from time to time.
Interest Servicing for MSMEs/Non MSMEs: To be serviced as and when due including during moratorium period.
Interest Servicing for Airline sector: Up to 50% of the estimated interest amount of moratorium period can be earmarked from the proposed additional ECLGS facility towards FITL.
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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://punjabandsind.bank.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://punjabandsind.bank.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
PSB Diwali English
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