PSB UNIC BHIM is a Unified Payment Interface App launched by Punjab and Sind Bank.
Unified payment Interface (UPI) is a single interface across all payment systems developed by National Payment Corporation of India (NPCI). It is a platform where customer can link any bank account maintained with different banks under single UPI Application, by using his registered mobile number and transact through these accounts 24*7 in a hassle free manner.
UPI allows users to transfer money between any two parties via smart phone through a payment identifier like Virtual Payment Address (VPA) without mentioning the details of your Bank account.
The different modes for transferring funds using PSB UNIC BHIM are :
Payment through Virtual Payment Address (VPA)
Payment through UPI QR Code
Payment through Bharat QR Code
Payment through Account Number and IFSC
Payment through Mobile Number and MMID
Collect and Pay money through Virtual Payment Address
Payment through UPI Lite
Payment through UPI Autopay(Mandate Creation)
To avail of the Unified Payments Interface (UPI) facility through Punjab & Sind Bank (PSB),
Features of PSB UNIC BHIM
Set Your UPI ID: Create a unique Virtual Payment Address (VPA) using your name, numbers, or characters (e.g., choice@psb or choice@psbpay).
Flexibility: You can create multiple VPAs. A single account can hold up to 10 VPAs, and one VPA can be linked to multiple bank accounts.
Primary Settings: Designate one "Primary Account" as your default to receive funds for each VPA.
Account Integration
Link Accounts: Add any bank account where your mobile number is registered.
Security Setup: Generate a 6-digit UPI PIN. To authorize this, you must validate your identity using either your Debit Card details or Aadhaar Card.
Transacting
Simplified Payments: Forget account numbers and IFSC codes; just share your VPA/QR code to receive money.
Requesting Funds: Use the "Collect Request" feature to ask for payments from other users via their VPA.
UPI QR Code and Bharat QR Code functionality is also available in the App. User can just Scan QR Code generated by any UPI App OR Bharat QR Code and Pay the money. User may also generate their own UPI QR code to receive payments.
Features of PSB UNIC BHIM
PSB UNIC BHIM App use two factor authentication. At the time of registration your device binding shall be done at server level.
All PSB as well as Non PSB customer can use PSB UNIC BHIM App to send, receive or make payments to anyone.
User can add multiple bank accounts under PSB UNIC BHIM Application.
User can transfer money using Virtual Payment Address (VPA) to any bank account.
User can add the beneficiaries just by entering his account detail or VPA
Fund transfers are instant, 24*7, 365 days and absolutely free of cost and take place in a completely safe and secure manner.
User can also check the balance of their linked accounts
User can make merchant payment by just entering UPI PIN.
User can also make payment through UPI QR Code and Bharat QR Code by Scan and Pay option.
User can collect payment by sharing UPI QR Code generated through PSB UNIC BHIM App.
User can also block VPA and report SPAM too.
User can also make small payments under ₹1000 without UPI pin using UPI Lite functionality.
User can do recurring payment using UPI Autopay functionality.
So download PSB UNIC BHIM App and avail seamless fund transfer facility through any bank account.
S.No
Description
Limit Amount
Per Txn or Per Day
P2P or P2M
1
Per transaction Limit for (P2P) Peer to Peer
100000
Per Txn
P2P
2
Per Day Limit for P2P within 24 hours of first transaction
5000
Per Day
P2P
3
Per Day Limit for P2P
100000
Per Day
P2P
4
Collect Accept Limit for P2P within 24 hours of first transaction
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.
