RuPay Card Scheme is a network set-up to provide secured, robust, scalable, simple, transparent, inclusive, user friendly and affordable solutions to entities to issue cards in India. NPCI introduced a unique feature of Personal Accident Insurance for RuPay PMJDY Cards, RuPay Platinum Cards and RuPay Select Cards for accidental death or permanent disability only. The Insurance coverage program for RuPay PMJDY, RuPay Platinum and RuPay Select Cardholders has been extended up to March 31, 2026*. Extension of Insurance program beyond aforesaid period will be communicated by NPCI before the expiry of current period. Following are the details of the said RuPay Insurance Program:-
Sailent Terms and Conditions:
RuPay Cardholders will be eligible for the compensation of only 1 eligible RuPay Card per cardholder or per customer, even if multiple cards of different bank are meeting the eligibility criteria. The choice of the card for the claim would rest with the customer.
The below are key details* of insurance cover available:
Debit Card Variant
Applicable Insurance Cover**
Eligibility Criteria
Insurance partner with NPCI
PSB RuPay Select Debit Card
(BIN-65249703)
Upto Rs.10,00,000/-
Minimum one successful RuPay Card induced financial transaction at any PoS/E-com, both Intra and Inter-bank i.e., on-us or off us within 30 days prior to date of accident including accident date of RuPay Cardholder
The New India Assurance Company Ltd.
(Email: rupay[at]newindia[dot]co[dot]in)
PSB RuPay Platinum Debit Card
(BIN-652167)
Upto Rs.2,00,000/-
Minimum one successful RuPay Card induced financial transaction at any PoS/E-com, both Intra and Inter-bank i.e., on-us or off us within 30 days prior to date of accident including accident date of RuPay Cardholder
The New India Assurance Company Ltd.
(Email: rupay[at]newindia[dot]co[dot]in)
PSB PMJDY Debit Cards issued till 28-Aug-18
(BIN-607078)
Upto Rs.1,00,000/-
Minimum one successful RuPay Card induced Financial or Non-Financial Transaction at any channel both Intra and Inter Bank within 90 days prior to date of accident including accident date of RuPay Cardholder
The New India Assurance Company Ltd.
(Email: rupay[at]newindia[dot]co[dot]in)
PSB PMJDY Debit Cards issued after 28- Aug-18
(BIN-607078)
Upto Rs.2,00,000/-
(*Subject to change by NPCI)
(**Refer to the FAQs for the applicable exclusions under the said insurance policy)
Compensation of Insurance benefit will be made to the eligible bonafide beneficiary, as per the law of the land, on submission of complete documentation set prescribed under Procedure for Claim.
Procedure for Claim
Claim for insurance against policy will need to be submitted through the Card Issuing Branch-directly with The New India Assurance Company Ltd. as per claim process enclosed.
The enclosed document i.e. Claim process, FAQs, Claim Form and Policy Wording may be referred in order to communicate the features to channels and RuPay cardholders
The link will open only through bank's intranet and it will not open through internet
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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.
