Introducing our exclusive Savings Salary Product for AgniVeers
Salient features of the Product :-
Personal Accident Death Cover/Total Disability Cover/Permanent Partial Disability Cove/Railway Accident/Air Accident Death (International) |
Up to Rs 100 Lakhs |
Air Accident Death (Domestic) including Service air craft |
Rs. 120 Lakhs |
Air Accident Death ( International ) |
Rs. 1 0 0 Lakhs |
Add on Covers |
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Eligibility for giving OD Facility |
Minimum 3 Month Net Pension Credit- in Pension account or Rs. 2 La khs whichever is lower. |
Two Wheeler Vehicle Loan |
With attractive benefits. |
Minimum Initial Deposit & Average Monthly balance |
NIL |
Annual Debit Card Charges including Rupay Select Card |
Waived |
SMS Charges,NEFT/RTGS Charges |
Waived |
Cheque Book Issuance Charges |
Free up to 100 leaves |
Issuance of email statement charges, Demand Draft, Standing Instruction charges |
Free |
Locker Rent Concession |
50% Concession on any one* Locker. |
* Nomination facility is available on all deposit accounts opened by individuals. Nomination so made can be cancelled or changed by all the account holder(s) any time.
For further details, any assistance and support , Please contact your base branch.
This Product offers SB Salary Account to all Serving Defence & CAPF personnel
Salient features of the Product:-
Personal Accident Death Cover/Total Disability Cover/Permanent Partial Disability Cove/Railway Accident/Air Accident Death (International) |
Up to Rs 100 lakh |
Air Accident Death (Domestic) including Service air craft |
Rs. 120 Lakhs |
Air Accident Death ( International ) |
Rs. 1 0 0 Lakhs |
Additional Child Benefit on Accidental Death Cover (for Salary Account Holder of Servicing Defence Personnel including CAPF ) |
Rs. 6 Lakh (for Boy child between 12-22 yrs.) Rs.12 Lakh in case of girl child age 12-22 yrs. (Education/Marriage) (Wherever accident death claim is admissible) * max 2 children |
Add on Covers |
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Working Spouse of Retired Defence Personnel |
Accidental insurance of Rs.40 Lakhs and other benefits covered under SB Salary Plus UDAAN. |
Eligibility for giving OD Facility |
Minimum 3 Month Net Pension Credit- in Pension account or Rs. 2 Lakhs whichever is lower. |
Home Loan/Personal Loan/Vehicle/Education Loan |
With attractive benefits. |
Minimum Initial Deposit & Average Monthly balance |
NIL |
Annual Debit Card Charges including Rupay Select Card |
Waived |
SMS Charges,NEFT/RTGS Charges |
Waived |
Cheque Book Issuance Charges |
Free up to 100 leaves |
Issuance of email statement charges, Demand Draft, Standing Instruction charges |
Free |
Locker Rent Concession |
50% Concession on any one* Locker. |
* Nomination facility is available on all deposit accounts opened by individuals. Nomination so made can be cancelled or changed by all the account holder(s) any time.
For further details, any assistance and support , Please contact your base branch.
This Product offers SB Salary Account to all Retired Defence & CAPF personnel including Veer Nari s .
Salient features of the Product :-
Personal Accident Death Cover/Total Disability Cover/Permanent Partial Disability Cove/Railway Accident/Air Accident Death (International) |
Up to Rs 100 Lakhs |
Air Accident Death (Domestic) including Service air craft |
Rs. 120 Lakhs |
Air Accident Death ( International ) |
Rs. 100 Lakhs |
Add on Covers |
l Ambulance Charges Max Rs. 3000 per case l Plastic surgery, Imported Medicines : Rs.10 Lakhs l Death after coma : Rs. 2 Lakhs l Emergency Medical Expenses , Funeral Expenses : Rs. 10000 |
Working Spouse of Retired Defence Personnel |
Accidental insurance of Rs.40 Lakhs and other benefits covered under SB Salary Plus UDAAN. |
Eligibility for giving OD Facility |
Minimum 3 Month Net Pension Credit- in Pension account or Rs. 2 Lakhs whichever is lower. |
Home Loan/Personal Loan/Vehicle/Education Loan |
With attractive benefits. |
Minimum Initial Deposit & Average Monthly balance |
NIL |
Annual Debit Card Charges including Rupay Select Card |
Waived |
SMS Charges,NEFT/RTGS Charges |
Waived |
Cheque Book Issuance Charges |
Free up to 100 leaves |
Issuance of email statement charges, Demand Draft, Standing Instruction charges |
Free |
Locker Rent Concession |
50% Concession on any one* Locker. |
* Nomination facility is available on all deposit accounts opened by individuals. Nomination so made can be cancelled or changed by all the account holder(s) any time.
For further details, any assistance and support , Please contact your base branch.
1 |
Name of the product |
PSB Apna Ghar – गौरव |
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2 |
Eligibility |
Defence Personnel serving in Indian Army, Indian Navy, Indian Air Force, Paramilitary Forces, BSF, ITBP, NSG, Sashastra Seema Bal including Pensioners. |
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3 |
Age limit |
For Defence Personnel including Pensioners having their Gaurav Bachat Salary Accounts and Pension Accounts with Punjab & Sind Bank:
Loan must be fully adjusted on or before the age of 78 years. |
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4 |
Quantum of Finance |
The sanctioning authority to consider obtaining ITR/ Form 16 for last one year only. However, the repayment capacity to be derived from the latest salary slip.
Take-home Salary/Income:
*For income (annual) upto Rs. 5 lakhs, the minimum take home Income (annual) of Rs. 2 Lakhs shall be considered and remaining amount of income can be used to assess repaying capacity of the Borrower. Income of co-borrower (only spouse/major children) can be considered to arrive repaying capacity irrespective of their profession. |
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5 |
Rate of Interest |
As circulated by HO RMD Department on time to time.
For Salary account holder of Serving (including cadets from Pre Commissioned Training Academy) Defense Personnel and Pension account holders (upto age -70 years):
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6 |
Period of Loan |
Maximum 30 years or upto the age of 78 years (For Gaurav Bachat Salary/Pension Account Holder) |
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7 |
Moratorium period |
Same as PSB Apna Ghar. |
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8 |
Prepayment charges |
NIL |
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9 |
Processing Charges |
Full waiver of processing charges. |
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10 |
Inspection Charges |
Full waiver of Inspection Charges. |
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11 |
Legal & Valuation charges |
Charges related to Advocate, Valuer (1st & 2nd, if applicable) to be borne by the Bank. These charges should be paid to agencies by debiting “ADVOCATE CHARGES, TECHNICAL PROF EXP-REGD GST/ UNREGD” as per the case. |
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12 |
Documentation Charges |
Expenses such as Stamp/Revenue Charges will be borne by the borrower. |
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13 |
Guarantee |
Note: Only spouse/major children are eligible to become co-borrower under this scheme irrespective of their profession. |
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14 |
Due Diligence Report by External DDA |
Waived
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16 |
Locker Rent Concession |
Locker Rent Concession: 50% concession on locker rent (for one small locker only) for self/ spouse/ jointly with spouse or major children, for first three years only. |
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17 |
EMI waive off |
Under this scheme, the Bank shall waive off ‘Last three EMI’ subject to following conditions:
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18 |
Others |
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PURPOSE |
A) INDIAN ARMY_AGNIVEERS- For purchase of New Two Wheeler Vehicles. |
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ELIGIBILITY |
maintaining their Gaurav Bachat Salary and Pension Accounts having respective salary and pension credits with Punjab & Sind Bank. |
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AGE |
Minimum : 18 years
Maximum: Subject to adjustment of loan before the age of
ii. Employee with pension– 70 years |
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MARGIN |
(i) For New Vehicle- Applicable margin of on-road price inclusive of one time Road Tax, Registration & Insurance, shall be NIL
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ROI |
New Four Wheeler/ Two Wheeler (all variants)/Agniveer Two Wheeler
PSB E-VAHAN FOUR WHEELER:
PSB APNA VAHAN OLD FOUR WHEELER:
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REPAYMENT
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INDIAN ARMY_AGNIVEERS For new two wheeler vehicles: Max. 48 months.
INDIAN ARMY - For new four wheeler vehicles: Max. 84 months. For new two wheeler vehicles: Max. 60 months. For Old four wheeler: Max 60 months subject to the age of the vehicle (Total period of Repayment plus age of vehicle not to exceed 84 months) |
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PROCESSING CHARGES |
WAIVED |
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LUMPSUM CHARGES |
DOCUMENTATION /INSPECTION – WAIVED
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PREPAYMENT CHARGES |
NIL |
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DUE DILIGENCE |
WAIVED |
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GAURANTEE |
NIL |
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CREDIT PROTECT INSURANCE ALSO AVAILABLE |
PURPOSE |
For any genuine personal credit requirement like, medical expenses, marriage expenses, purchase of consumer durables, domestic consumption, travel expenses, expenses on other social ceremonies, etc. |
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ELIGIBILITY |
maintaining their Gaurav Bachat Salary and Pension Accounts having respective salary and pension credits with Punjab & Sind Bank. |
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AGE |
Minimum Entry Age:21 years Maximum age for repayment (exit age): (ii) Pensioners : 70 years |
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QUANTUM OF FINANCE |
Up to 24 times monthly net salary or, Rs. 20.00 lakh, whichever is less. Loan amount above Rs. 10.00 lakh shall be sanctioned to borrowers having CIC Score equal or above 725.
2. Pensioners up to the age of 65 years: Up to 20 times monthly net pension Or, Rs. 6.00 lakh, whichever is less 3. Pensioners above the age of 65 years and up to age of 70 years: Up to 10 times monthly net pension Or, Rs. 3.00 lakh, whichever is less |
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ROI |
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REPAYMENT
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Maximum repayment period would be 84 months
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PROCESSING CHARGES |
Charges 0.50% +GST |
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LUMPSUM CHARGES |
DOCUMENTATION /INSPECTION – WAIVED
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PREPAYMENT CHARGES |
NIL |
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DUE DILIGENCE |
WAIVED |
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GAURANTEE |
Guarantee of either Spouse or Major Children or Third Party |
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CREDIT PROTECT INSURANCE ALSO AVAILABLE |
PURPOSE |
Studies in India: (Indicative list)
· Regular Degree/Diploma courses like Aeronautical, Aircraft Maintenance Engineering course, pilot training, shipping, degree/diploma in nursing or any other discipline approved by Director General of Civil Aviation/Shipping/Indian Nursing Council or any other regulatory body as the case may be, if the course is pursued in India.
Note :The above list is indicative in nature. Courses other than the above offered by reputed institutions may also be considered on the basis of employability. Studies abroad
Note :: maintaining their Gaurav Bachat Salary and Pension Accounts having respective salary and pension credits with Punjab & Sind Bank. |
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QUATUM OF FINANCE |
Studies in India, Abroad ,PSB- Excellence Education Loan for premier Institutes – NEED BASED
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Margin |
NIL |
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SECURITY |
NIL |
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REPAYMENT |
Repayment holiday/ Moratorium: Course period + 1 year
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PROCESSING CHARGES |
NIL |
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INSPECTION CHARGES |
NIL
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RATE OF INTEREST |
ROI benefits of PSB EXCELLENCE EDUCATION SCHEME WILL BE EXTENDED to PSB Veer Shiksha for wards of Defence Personnel and Pensioners for all eligible courses from any recognised institute
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CREDIT PROTECT INSURANCE ALSO AVAILABLE |