“PSB e-Advantage Fixed Deposit- A Digital Only Fixed Deposit Account”
The salient features of this scheme-
Name of the scheme: “PSB e-Advantage FD Product”
Who can open this account:
Individuals: Resident Individuals including Body of individuals.
Non-Individuals: Non-individuals like Hindu Undivided Family (HUF), Sole Proprietorship firms; Partnership firms, Companies, Association of persons etc.
Tenure of Deposit: For a Period 601 Days only.
Validity of the Scheme:Upto- March 31, 2023
Rate of interest: Special Rate of Interest is given to the Fixed deposit made under this scheme-
Fixed Rate- 7.00 % (Per annum) for General Public
Fixed Rate- 7.50 % (Per annum) for Senior Citizen.
Fixed Rate- 7.85 % (Per annum) for Super Senior Citizen.
Where these Accounts can be opened: Fixed Deposit account under this scheme can be opened through Bank’s PSB UnIC Mobile Application only.
Joint Account can be opened under this scheme: Yes, Joint Account under this scheme can be opened as per the extant guidelines.
Whether Senior Citizen/Super Senior Citizen benefit in terms of additional rate of interest Available under this scheme: Yes.
Premature Withdrawal/Closure: - In case of premature closure, the applicable rate of interest will be linked to the card rate applicable for Domestic General Term Deposit Product subject to penal charges as applicable. This e-FDR will be issued for representative & record purposes only
Issuance of Fixed Deposit Receipt: Electronic Fixed Deposit (Non-Negotiable/Non-Transferable) Receipt will be issued to FD Account holder/s through Bank’s PSB UnIC Mobile Application only.
Withdrawal of proceeds: Through PSB UnIC Mobile App only.
Minimum Deposit in the Account :Rs 1,000/- and above
Maximum Deposit in the Account: Maximum Deposit in the Account: Rs 1.90 Crore.
Taxation in the Account: Interest accrued on this deposits is liable for Tax deduction in accordance with the guidelines issued by Income Tax Department, GoI, from time to time.
All other terms and conditions: As applicable to other Term Deposit Product but not mentioned in this product shall apply here also.
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.
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.
