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PSB Gaurav Bachat SB Salary Product

PSB Gaurav Bachat SB Salary Product

(Introducing our exclusive Savings Salary Product for Defence Personnel)

This Product offers SB Salary Account to all Serving & Retired Defence personnel including Paramilitary forces, Agniveers & Veer Nari.

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 :  Up to Rs. 120 lakhs
  • Additional Child Benefit on Accidental Death Cover (for Salary Account Holder of Servicing Defence Personnel including Paramilitary forces): 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: Ambulance Charges Max Rs.3000 per case, Plastic surgery, Imported Medicines: Rs.10Lakh , Death after coma : Rs.2 Lakh , emergency medical expenses , Funeral Expenses : Rs.10000 
  • Working Spouse of Defence Personnel: Accidental insurance of Rs.40 lac and other benefits covered under SB Salary plus UDAAN.
  • Eligibility for giving OD Facility: Minimum 3 Month Net Salary Credit- in salary account or Rs. 2 Lac 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 upto 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.


“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.”