Established in 1908, Punjab & Sind Bank (PSB) was founded with the noble objective of promoting financial inclusion among the underprivileged and contributing to societal upliftment. Operating across the length and breadth of India, the bank is centred in New Delhi. With an extensive network of branches and the availability of online services such as Punjab & Sind Bank net banking and mobile banking, PSB offers an array of financial services to cater to the needs of individuals throughout the country.
Different Types of Products and Services Provided by Punjab & Sind Bank
Punjab & Sind Bank with a focus on customer delight has introduced various products and services to cater to every customer segment. The various products available in the bank are:
- Punjab & Sind Bank Deposits
- Punjab & Sind Bank Loans
- Punjab & Sind Bank Cards
- Punjab & Sind Bank Investment
- Punjab & Sind Bank Insurance
- Punjab & Sind Bank Banking Services
Punjab & Sind Bank Deposits
Punjab & Sind Bank Deposits are categorised into Punjab & Sind Bank Savings Account. Current Accounts and Term Deposits. Term Deposits are mainly for customers who intend to invest funds for long-term use and higher returns.
Punjab & Sind Bank Savings Account
Punjab & Sind Bank Savings Accounts can be opened by individuals (single or joint), HUFs, Firms, Limited Companies, Trusts, Clubs, Associations, and Societies. The different plans under the Savings Account scheme are:
Type of Account | Primary Features |
Premium Savings Account | Minimum balance: Rs. 50000 in semi-urban and rural branches and Rs. 2.00 lacs in urban/metro branchesInward clearing cheque return charges waivedFree account statements, andATM cardsPersonalised cheque bookFree cash deposit limit: Rs. 3.00 lacsWaiver of small locker rent for the first year |
Basic Savings Deposit Account | No minimum balance requiredUnlimited cash deposit permittedCash withdrawals limited to 4 in a monthFree ATM-cum-debit cardCheque book facility |
Punjab & Sind Bank Current Account
Punjab & Sind Bank Current Account is mainly for business transactions. The account can be opened by individuals, Firms, Limited Companies, Trusts, Associations, Clubs, Societies, HUFs, and Government Departments. The deposit in the current account will not earn interest.
The variants of the Punjab & Sind Bank Current Account are:
Type of Account | Primary Features |
PSB Premier Current Account | Minimum balance: Rs. 1.50 lacs in semi-urban and rural branches and Rs. 4.00 lacs in urban/metro branchesFree ATM CardsFree bank statementWaiver of charges on inward clearing chequesNo cash handling chargesWaiver of small locker rent for the first yearNo ledger folio chargesPersonalised cheque book facility |
DigiBiz Current Deposit Scheme | POS rental charges waived for AMB Rs. 25000 in rural and semi-urban branches and Rs. 1.20 lakhs in urban/metro branchesCash handling and cheque book charges are applicablePlatinum ATM cum Debit Card for accounts held by individualsPunjab & Sind Bank Net Banking and Mobile Banking are availableBulk upload facility freeMonthly bank statement: Free |
PSB Smart Business Flexi Current Deposit Scheme | Sweep-in and Sweep-out facility availableThreshold limit for Sweep-out: Rs. 5.00 lacsATM-cum-Debit only for individual accountsCheque book facilityPunjab & Sind Bank Net Banking and Mobile Banking provided |
Punjab & Sind Bank Cards
Punjab & Sind Bank provides a variety of debit and credit cards to its customers
PSB Debit Cards
- Rupay Classic Domestic Debit Card
- PSB Rupay PMJDY Debit Card
PSB Credit Cards
- PSB SimplySave SBI Credit Card
- PSB Kisan Credit Card
Punjab & Sind Bank Loans
The bank has a loan scheme devised for every individual need of its customers of various categories. The types of loan schemes in the bank are:
Type of Loan | Primary Features |
PSB Apna Ghar | Permanent employees of State/Central Government Departments, PSUs, and reputed Educational Institutions can applyFor the purchase of a plot (primary allotment), the purchase of plot and construction, the purchase of a flat Amount: 60 to 90% of the market value of the asset depending on the purpose and amount of loan Tenure: Maximum 30 years |
PSB Apna Vahan | For the purchase of two-wheelers and four-wheelers Amount: 95% of the vehicle value for Government/PSU employees and 90% for others 100% of the vehicle value for Government/PSU employees maintaining salary account with the bank Tenure: Maximum 84 months for four-wheelers and 36 months for two-wheelers |
PSB Excellence Education Loan | Students who have secured admission in premier institutions like IIT, IIM or ISB Hyderabad Amount: Maximum Rs. 20 lacs Repayment: Maximum 10 years excluding moratorium periodNo collateral security is required. Co-obligation of parents/guardians      |
PSB Personal Loan | Should have salary/pension account with the bank Amount: 18 times net salary with a maximum of Rs. 5.00 lacs. 15 times net pension with a maximum of Rs. 3.00 lacs for pensioners within 65 years and 10 times net pension with a maximum of Rs. 1.00 lac for pensiones above 65 years Repayment: Maximum 84 months |
Other Punjab & Sind Bank Loans
PSB Apna Ghar Top-up | PSB Skill Education Loan |
PSB Commercial Vehicle loan | PSB Doctor’s Special |
PSB Sukh Money for Senior Citizens | PSB Mortgage |
PSB SB OD | PSB Vyapar |
PSB SME Liquid Plus | PSB Kisan Home Loan |
PSB Contractor Plus | PSB Gold Loan |
Punjab & Sind Bank Investment
Punjab & Sind Bank Term Deposits are reliable investment plans with guaranteed returns. The various schemes under the Investment option are:
Type of Deposit | Primary Features |
PSB Fixed Deposit | Can be opened by individuals (single or joint), HUFs, Firms, Limited Companies, Clubs, Associations, Trusts, and SocietiesFunds invested for a fixed periodAutomatic renewal is permitted for deposit with a maturity value less than Rs. 2 croresPeriod: Maximum 10 years |
PSB Recurring Deposit | Investment in monthly instalments Minimum deposit: Rs. 10 Period: 6 months to 10 years |
PSB Tax Saver Scheme | Tax benefits under Section 80C of the Income Tax Act 1961 are available Amount: Minimum Rs. 100/- and in multiples of 100 up to Rs.1.50 lacs Tenure: 5 years |
PSB Flexi Savings Deposit Scheme | Sweep-in from SB/current account over a threshold limit of Rs. 2.00 lacs for current account and Rs. 50000 for SB account and in multiples of Rs. 5000 Tenure: 46 to 180 daysOnly for resident Indians |
PSB FD 555 days | Deposit: Maximum Rs. 1.99 croresTenure: 555 daysHigher interest ratesSpecial rate for Senior Citizens |
Punjab & Sind Bank Banking Services
Punjab & Sind Bank provide an array of online channels for conducting financial and non-financial transactions effortlessly. No time is wasted in visiting a branch and waiting for your turn to avail of the services. The services provided are:
Punjab & Sind Bank Net Banking and Mobile Banking: The simplest online channel to conduct funds transfers, account statement download, requesting a cheque book, tracking cheque status, etc.
SMS Banking: To know the latest status of your account, for mini-statement, requesting a cheque book, etc. you can send an SMS to the Punjab & Sind Bank Balance Check Number 9773056161 or 8082656161 in the prescribed format for each transaction and get the information via SMS. To block and unblock debit cards send an SMS to 9223815844
Missed Call Banking: To know your account balance give a missed call to Punjab & Sind Bank Balance Check Number 7039035156
There are many more banking services provided by the bank and they are:
- PSB UnIC Digital Banking
- Aadhar Seeding
- POS
- Bhim Aadhar Pay
- QR Code
Punjab & Sind Bank Customer Care
For any queries about your account, you need not go to the branch. You can contact the Punjab & Sind Bank Customer Care through the designated numbers.
- You can call Punjab & Sind Bank Customer Care Number 1800 419 8300 across the country
- To hotlist debit cards send SMS or call Punjab & Sind Bank Customer Care Number 9223815844
Punjab & Sind Bank FAQ’s:-
To open a Savings Account in Punjab & Sind Bank you will have to fill in the relevant form and submit it to the branch official with self-attested copies of KYC documents.
Yes. NRIs can open NRE and NRO accounts maintained in Indian Rupees. FCNR is for investing their income from abroad in approved foreign currency.
The Savings account interest ranges from 2.80% to 5% p.a. depending on the balance maintained.
Interest provided for PSB Term Deposits range from 2.80% to 7.35% p.a. depending on the period.
No. A cash withdrawal and POS limit is fixed for ATM cards depending on the type of account maintained.