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Product Details
Bank Name

Punjab and Sindh Bank

Account Name

Account Type

Savings

Interest Rate

Upto 1 Crore 2.80%
Above 1 Crore to upto 100 Crore 2.90%
Above 100 Crore to upto 500 Crore 4.50%
Above 500 Crore 5.00%

Free Debit Card

Free ATM Cards

PSB-Premier Savings Bank Accounts
Account Opening Fees

Annual Maintenance Fees

Minimum Account Balance

The accounts are to be opened with minimum amount of Rs.50,000/- or more in the Rural & Semi – Urban Branches and Rs.2,00,000/- or more in the Urban & Metro Branches and should continue to maintain minimum balance of Rs.50,000/- or more in the Rural & Semi – Urban Branches and Rs.2,00,000/- or more in the Urban & Metro Branches.

Debit Card Charges

ATM/Debit card annual charges from 2nd year onwards Rs.150/- + GST per annum.

NEFT Charges

Nil

IMPS Charges

Upto Rs. 25000 - Nil (Branch Mode) - Nil (Online Mode)
Over Rs.25000 - Rs.50000 - Rs.7 per Txn.(Branch Mode) Rs.5 per Txn. (Online Mode)
Over Rs.50000/- upto Rs.1 lac - Rs.12 per Txn (Branch Mode)- Rs.10 per Txn. (Online Mode)
Over Rs.1 Lac upto Rs.2 Lac - Rs.20 per Txn. (Branch Mode) - Rs.15 per Txn. (Online Mode)

Fees and Charges
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PSB-Premier Savings Bank Accounts

Special Features
Waiver of Locker Rent of Small Locker for one year.
Eligibility Criteria
Savings Bank Accounts can be opened for eligible person / persons (Single or Joint names) and certain organizations / agencies like HUF, Non Corporate Bodies, Clubs, Trusts, Societies, Associations, Schools, Executor(s) / Administrator(s), Government Bodies, Semi – Government Departments, Recognized PF Accounts etc.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
NA
Cons
Very low interest rate
Application Procedure

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Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
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