I. Timelines for Loan applications upto Rs. 2.00 lac
Particulars
B.O. Level#
Z.O. Level##
Fresh/ enhancement proposal
10 days
10 days
Renewal/reviewal proposal
07 days
07 days
Adhoc
05 days
05 days
#(from the date of entering loan proposal in the loan proposal register)
## (from the date of receipt of the proposal from BO)
II. Timelines for Loan applications more than Rs.2.00 lac:
A. Timelines for Loan applications more than Rs.2.00 lac but upto Rs 25 Lacs other than Micro & Small enterprises (MSE):
Particulars
Export and Non Export Credit*
Fresh/ enhancement proposal
21 days
Renewal/ reviewal proposal
15 days
Adhoc
05 days
* from the date of receipt of the loan proposal/ application at BO, completed in all respects along with requisite information
B. Credit Limits above Rs 25 Lacs to other than MSE borrowers (except Consortium/ JLA/ JLF/ HO level cases) :
Proposal for
Export*
Non-export*
fresh/ enhancement
30 days
45 days
Renewal
21 days
30 days
Adhoc
07 days
07 days
* from the date of receipt of the loan proposal/ application at BO, completed in all respects along with requisite information
C. Timelines for loan applications falling under Consortium/ JLA/ JLF/ HO level cases, other than MSE:
Particulars
Consortium/ JLA/ JLF/ HO level up to level of CAC headed by CMD
Export*
Non-export*
Fresh/ enhancement proposal
45 days
60 days
Renewal/ reviewal proposal
30 days
45 days
Adhoc
15 days
30 days
*from the date of receipt of the loan proposal/ application at BO, completed in all respects along with requisite information
III. Timelines for sanction of all loan applications for MSE units (As per guidelines issued by H.O. Priority Sector Deptt.) :
AMOUNT OF LIMIT/LOAN
TIMELINE
Upto Rs. 5 lakh
2 weeks
above Rs. 5 lakh and upto 25 lakh
3 weeks
above Rs.25 lakh
6 weeks
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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.
