“PSB SCHEME FOR FINANCING ROOF TOP SOLAR (RTS) PROJECTS BACKED BY
PM SURYA GHAR: MUFT BIJLI YOJANA”
PARAMETERS
DESCRIPTION
Upto 3KW
4 KW and upto 10KW
Purpose
For installation/setting up of Grid connected Roof Top Solar system up to 3 KW plant to individual having owned house (residential purpose only).
For installation/setting up of Grid connected Roof Top Solar system from 4 KW and up to
10 KW plant to individual having owned house (residential purpose only).
Target Group & Eligibility
Individuals having owned house with exclusive roof top right.
New home loan customer as well as existing home loan customer shall be eligible
Extent of Loan
Max. quantum of loan: Rs. 2 Lakh
Max. quantum of loan: Rs. 6 Lakh
Nature of Loan
Term Loan
Borrower Contribution
Minimum 10% of the total estimated project cost
Minimum 20% of the total estimated project cost
Subsidy
Subsidy in the form of Central Financial Assistance (CFA) is available and to be claimed by the borrower.
Capacity of the Rooftop Solar Plant
Subsidy Support
(Amt. in Rs.)
Rs. 30,000
Rs. 60,000
Rs. 78,000
Subsidy in the form of Central Financial Assistance (CFA) is available and to be claimed by the borrower.
Capacity of the Rooftop Solar Plant
Subsidy Support
(Amt. in Rs.)
4KW & upto 10KW
Rs. 78,000
Security
Primary Security: Hypothecation of Solar equipments/ Assets created out of Bank finance.
Collateral Security: Collateral security not to be insisted upon.
Rate of Interest
Concessional rate of interest shall be applicable at 7.00% linked to EBLR
New Borrower: 0.10% over and above the rate applicable for PSB Apna Ghar
Existing Borrower who has availed Home Loan: Rate applicable for that respective Home loan.
Tenure of Loan
Maximum 10 year with a maximum moratorium period of up to 6 month
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.
