Punjab and Sind Bank India - Services and Facilities

Punjab and Sind Bank is a renowned public sector bank in the northern part of India. It has almost 1000 offices and branches spread throughout India. Almost 400 branches are located in Punjab, though the headquarters are located in Delhi.

Punjab & Sind Bank has got ISO 9002 certification for selected branches. The housing branch caters to the credit need of home buyers.

The bank is into Non-Life insurance business with Life Insurance companies and Bajaj Allianz Insurance.

Main Objective

The bank was founded by Sir Sunder Singh Majitha, Bhai Vir Singh and Sardar Tarlochan Singh in the city of Amritsar. The principle objective of the bank is to help the weaker section with the economic endeavours, to improve their standard of life.

Services and Facilities

The Sind Bank provides various banking services for million numbers of customers across the country. The bank is committed to social causes. The primary objective of the bank is to mesh human, technological and financial resources in India. High technical standards and customer satisfaction drive the bank.

Services offered in the bank include current and savings account, life insurance, loans, and various cards, which we will discuss, one after the other, in the subsequent sections.

PSB Swaran Mudra is a special gold scheme offered by the bank that provides gold coins to its customers at preferential rates.Other services from the bank include 24x7 accesses to the ATMs, RTGS/NEFT facilities, locker facilities, PSB e-funds and credit cards. The bank also offers international banking services in swift branches, HRI services, gold card scheme and IBDs.

Punjab and Sind Bank Loans

The Punjab and Sind Bank offers five major loans –

  • Consumer Loans,

  • Housing Loans

  • Auto Loans

  • Personal Loans, and

  • Special Scheme for Doctors

Housing Loans

Housing loan facilitates you to purchase houses and plots. Individuals, members of Co-operative housing societies, and Group of individuals are very much eligible for the housing loan scheme. Terms and conditions are as follows:

  • Maximum age limit for the person (salaried) who applies for the home loan is 60 years, and those who’re not salaried can avail loans up to the age of 65 years.

  • Floating rate interest for the home loan is 11.25 % for loans up to 25 lakhs, and 5 years tenure, which increases to 11.5% for 6-15 years tenure,

For 16-20 years tenure rate of interests are 11.75% for loans up to 30lakhs, and 12.25lakhs for loans more than 30lakhs and less than 75lakhs, while the rates shoot up to 13% for loan amounts more than 75 lakhs.

For 5 year tenure and loan amounts between 30 and 75 lakhs, you need to pay 11.75%, which increase to 12% for 6-15 years tenure, and 12.25% for 16-25 years tenure.

Punjab and Sind Bank Car Loans

Car loan is also called Conveyance loan; auto loans are available for self employed as well as for salaried people. You can also get auto loans for used cars as well. One can receive auto loan for used cars up to 70 percent.

  • Processing fee for auto loan: Rs 500

  • One percent of Prepayment Charges on principal amount

  • Minimum 10 percent of down payment to be made by the purchaser

  • Maximum tenure: 4 yrs (48months)

Education Loans

In order to get an education loan from the Punjab and Sind Bank, candidates must satisfy the following criterion -

  • Applicant should be from India

  • Candidates are eligible for various courses through an entrance examination or selection process, which is purely based on merit

Security for Education Loan

The bank demands various securities for issuing loans. Education loan can be granted for amounts more than Rs. 4 lakhs only against security.

Credit Offered by PSB

Credits cards from Punjab and Sind bank come in 3 variants: Gold card, Silver card and Blue card. Eligibility criteria for the applicants are as follows -

Eligibility criteria for non-salaried employees to obtain the Blue card are Rs 60000/- per annum (p.a.), for silver - Rs.60000/- p.a, and gold card- Rs 120000/- p.a, respectively.

Eligibility for the salaried employed customers to apply for Blue card is net annual income of Rs. 50000, and for Gold card is Rs 100000 p.a., respectively.

PSB offers the PSB Expo Gold Card Scheme to exporters. The ROI will be 0.25-0.5% lower on Rupee Export Credit to such card holders, subject to their credit ratings.

SPL Tie-Ups


  • PSB- Maruti Suzuki

  • PSB-Tata Motors Ltd.



Delhi Head Office






21, Rajendra Place


SCO 79-81

New Delhi - 110008


Bank Square

Phone: 91-11-25765519



Fax: 91-11-25781639


Chandigarh - 160017

Email: ho@psb.co.in


Phone: 91-172-704837