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Purpose To provide overdraft to the customer to enable him/her to meet the urgent Social obligation/requirement such as medical/educational expenses etc.
  • The permanent employee working with Central / State Government / PSUs/Reputed Public Limited Companies/All Corporate borrowers of our Bank/ MNCs/ Reputed Educational Institutions (Govt. recognized/ aided Schools/Colleges/ Universities/Research Institutes) / employee of those schools, colleges having school account with us/ PSB Staff.
  • All existing account holders working with above offices or companies, upon their request, are eligible under the scheme.
  • The account should be at least three months old, salary being credited in the account atleast for last 3 months.
  • The account holder should have minimum 1 year of completed service and/or he should be permanent employee.
Minimum Balance The account can be opened and maintained at Zero Balance. The account holder will be allowed to maintain the A/c even at zero balance as long as he/she is associated with that organization. In case of retirement, switch over to other organization, the account will be treated as regular savings bank account, wherein he/she will have to maintain the required minimum balance.(minimum balance charges)
Interest rate offered for credit balancet As per the extant rates for Savings bank account
Passbook Facility Available
Overdraft Facility

Limit of Overdraft : Up to Two months "Net Salary"

Rate of Interest : Please click here For rate of interest

Documents : As applicable to Clean overdraft facility

Documentation Charges: Actual stamp paper charges

Repayment : Next salary (ies) within a period of 6 months

Review of facility : Every year

Processing charges : Please click here For Processing fee


“Compare and Shop is a Service provided by Cheggout Services Pvt Ltd for Punjab and Sind Bank customer(s). Punjab & Sind Bank is providing this as a value added service. Punjab and Sind Bank does not guarantee or warranty or make any representation about the usefulness, worthiness and/or character of the product/service and/or discount or benefit.”