To start Greenfield Projects/ Purchase/ Construction / Renovation of Business Premises, Factory / Offices /Shop / Godown etc.
For construction of building in pre-owned land /acquisition of building/ acquisition of Plant & Machinery/Equipment/ Furniture & Fixtures.
Any other purpose whereby asset is created out of Bank’s finance for the purpose of running the business.
2) Cash credit/Overdraft limit to meet the working capital requirements
3) Non Fund based limit (Bank Guarantee & Letter of Credit
4) Stand by Line of Credit: To meet the temporary liquidity mismatch
Eligibility
Individuals/ Proprietorship / Partnership / Limited Liability Partnership (LLP) / Pvt. Ltd. Co. / Public Ltd. Co & any other legal entity having valid Udyam Registration are eligible. (Existing borrowers/New borrowers) # Units should have in place all necessary approvals/NOC from respective authorities Individuals/ Proprietorship /artnership / Limited Liability Partnership (LLP) / Pvt. Ltd. Co. / Public Ltd. Co & any other legal entity having valid Udyam Registration are eligible. (Existing borrowers/New borrowers) # Units should have in place all necessary approvals/NOC from respective authorities Trust / associations/ Societies, HUF/ HUF as proprietor / partner are not eligible.
Nature of Loan
Cash credit/Overdraft limit to meet the working capital requirements, Term Loan (For Creation of Fixed Assets/P&M/Equipment/ Etc.), Non-fund (LC/BG), Stand by Line of Credit
Quantum of finance
Minimum Amt: Above Rs 10.00 Lakh, Maximum Amt: Need Based (OD/CC+TL+Non-fund)
Margin
Working Capital Facilities:- Cash Credit (Hyp. of Stock and Book Debts) -25% Pledge of Stocks -15%, OD against Property -25% of Realizable Value of the property, Non-Fund Based(Cash Margin)/Packing Credit/Post Shipment-10%.
Term Loan: - Plant & Machinery/ Purchase Factory /Commercial Building/ Construction of Factory/Commercial Unit - 25%, Factory Land-40%, Govt. Allotted Factory/Commercial land- 30%
Guarantee
Maximum repayment period up to 5 Years.
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
Rate of Interest
Rate of Interest shall be linked to EBLR as applicable to MSMEs and based on Internal Risk Rating (IRR) of the borrower
Tenure of Loan
Working Capital: One year, repayable on demand. Credit facility is subject to annual renewal/review.
Term Loan: Maximum repayment period up to 10 years including moratorium period of maximum of 12 months. However, interest shall be serviced as and when charged.
Note: Sanctioning authority may allow repayment period upto 15 years including moratorium period of maximum of 12 months based on merits of cases.
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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.
