Punjab And Sind Bank Credit Card

Punjab and Sind Bank stands out as a key financial institution committed to supporting India’s agrarian community. Recognizing farmers’ vital role in economic development, the bank is dedicated to providing timely financial assistance for crop cultivation and allied activities. Tailored credit support products address the unique needs of farmers, ensuring comprehensive coverage for their agricultural expenses.

Features and Benefits of Punjab And Sind Bank Credit Card

The Punjab And Sind Bank Credit Card offers several features and benefits:

  1. PSB introduces a customized ATM cum Debit card in collaboration with MasterCard.
  2. The card, adorned with the MasterCard logo, is globally accepted at all MasterCard-supported ATMs.
  3. Accepted at over 20 lakh ATMs and 3.5 crore mercantile locations, ensuring wide usability.
  4. PSB Debit Card is compatible with Point of Sale swiping machines for convenient transactions.
  5. Valid for a duration of five years, providing a long-term financial solution.
  6. Daily withdrawal limit set at INR 25,000, offering flexibility for cash needs.
  7. Shopping limit extends up to INR 50,000, enhancing purchasing power for cardholders.
  8. No issuance fees imposed for the initial year, making it a cost-effective choice.
  9. Punjab & Sind Bank provides seasonal offers, rewards, and additional perks periodically.
  10. The card can be used for e-commerce transactions free of charge, adding to its versatility.

Punjab And Sind Bank Credit Card Fees and Charges

Here are the fees and charges associated with the Punjab And Sind Bank Credit Card:

1. PSB Debit Card Issuance Fee:

  • No issuance fee is applicable.

2. ATM Cum Debit Card Yearly Fees (Initial Year):

  • No charges for the first year.

3. ATM Cum Debit Card Yearly Fees (Subsequent Years):

  • INR 100 + GST annually.

4. Card Re-issuance Fee:

  • INR 100 + GST annually.

5. PIN Re-issuance Fee:

  • INR 25 + GST annually.

6. ATM Transaction Fees for Savings Account:

  • First five transactions per month are free for both financial and non-financial transactions in other banks’ ATMs.

Subsequent transactions:

  • Transaction Charges + GST for financial transactions.
  • Transaction Charges + GST for non-financial transactions.

7. ATM Transaction Fees for Current/CAOD Account:

  • No free transactions for both financial and non-financial transactions.

Charges apply for:

  • Transaction charges + GST for financial transactions.
  • Transaction charges + GST for non-financial transactions.

Punjab And Sind Bank Credit Card Eligibility Criteria

Here are essential criteria for applying for an Punjab And Sind Bank Credit Card:

  1. Debit cards are available to all customers, including minors and those who may be illiterate.
  2. Savings accounts with a cheque book facility or current accounts are eligible for debit card issuance.
  3. In the case of joint accounts, a debit card is issued to the single customer operating the account.
  4. Accounts operated by joint signature or involving a minor as a joint account holder are also eligible for debit cards.
  5. Existing ATM debit cardholders can apply for a RuPay Debit Card, but their existing card in that account will be blocked upon issuance.
  6. Only one debit card can be issued for a particular account.
  7. RuPay Domestic Debit Cards are also available for SBNRO (Small Business Non-Resident Ordinary) account holders.

Documents Required for Punjab And Sind Bank Credit Card

To apply for the Punjab and Sind Bank Credit Card, you must provide the following documents:

1. Identity Proof:

  • Aadhar card
  • Passport
  • Voter ID
  • Driver’s License

2. Address Proof:

  • Utility bills (electricity, water, gas)
  • Aadhar card
  • Passport
  • Rental agreement

3. Income Proof:

  • Salary slips
  • Income tax returns
  • Bank statements
  • Form 16

4. Employment Proof:

  • Employment letter
  • Employee ID card
  • Appointment letter

5. Credit Score:

  • A good credit score enhances eligibility.

6. Application Form:

  • Duly filled and signed credit card application form.

7. Photographs:

  • Passport-sized photographs of the applicant.

8. Existing Bank Relationship:

  • Proof of existing relationship with Punjab and Sind Bank, if applicable.

9. Additional Documents:

  • Any additional documents as per the bank’s specific requirements.

How To Apply for Punjab And Sind Bank Credit Card

To apply for the Punjab and Sind Bank Credit Card, follow these steps:

1. Visit the Bank’s Website:

  • Go to the official website of Punjab and Sind Bank.

2. Navigate to Credit Cards Section:

  • Find the “Credit Cards” section on the website.

3. Explore Available Cards:

  • Explore the range of credit cards offered by Punjab and Sind Bank.

4. Choose Suitable Card:

  • Select the credit card that suits your financial needs and lifestyle.

5. Check Eligibility Criteria:

  • Review the eligibility criteria for the chosen credit card.

6. Gather Necessary Documents:

  • Collect the required documents such as ID proof, address proof, income statements, etc.

7. Fill Online Application Form:

  • Complete the online application form with accurate personal and financial information.

8. Submit Documents:

  • Upload or submit the necessary documents as per the bank’s instructions.

9. Application Review:

  • Wait for the bank to review your application and documents.

10. Verification Process:

  • Be prepared for any verification process the bank may conduct.

11. Approval or Rejection:

  • Once the bank reviews your application, they will either approve or reject it.

12. Receive Credit Card:

  • If approved, you will receive your Punjab and Sind Bank credit card at the provided address.