Punjab & Sind Bank Gurugram: Main Branch, Rates March 2024, IFSC Code

Punjab & Sind Bank Gurugram

About Punjab & Sind Bank

Punjab & Sind Bank is one of the renowned bank in India. Established under the Government of India undertaking, with its headquarters in New Delhi commands a good number of customer base across India. One of its presence is witnessed in Gurgaon city through some of its branches.

However, Punjab & Sind Bank provides several banking facilities such as international banking, domestic banking, retail loans, internet banking, mobile banking and much more.

Gurgaon transcends its reach in providing the outsourcing solutions in software, IT, service and sales through the establishment of delivery facilities and call centres.

The finance enabled technology has prompted Gurugram to extend shelter to some of the nation’s prestigious industries such as DLF, Ansal API, Unitech, Omaxe, Parvanath etc in the real estate sector along with financial services industries and BPO industries which encourage employment seekers to look for employment opportunities in such brands.

The city takes a giant leap in providing excellent infrastructure avenues in terms of sky-touching housing societies, residential colonies, wider roads, modern shopping complexes, schools and medical facilities, thanks to the timely financial influx secured from the banking sector including Punjab & Sind Bank. Moreover, the city has tremendous opportunities to offer in respective fields like entertainment, dining, shopping and nightlife. The city provides shelter to some of the best shopping malls like DT Mall, DT Mega Mall, Sahara Mall, DLF City Center, MGF Mega City, DLF Grand Mall and Metropolitan Mall. This is witnessed as a result of the rising affluence of Gurugram city due to the financial propagation from Punjab & Sind Bank from time-to-time.

Branch Addresses of Punjab & Sind Bank Gurugram

Branch NameComplete AddressIFSCMICRContact Number
Gurudwara Road, Gurugram Gurudwara Road, GurugramPSIB00003531100230636321313
Sec 10 GurugramSCO - 98, Sector 10 - A, Hudda Market, Gurugram - 122001 PSIB00008901100231152321313
Sector 44, GurugramInstitutional Plot No.151, Sector-44, Gurugram, Haryana-123003 PSIB0021509NON-MICR8447287281

Products Offered by Punjab & Sind Bank Gurugram

ProductEligibilityLoan Amount Interest RateProcessing FeeTenure
Home Loan(I) Individuals, Group of individuals, and individual members of housing societies are eligible under the scheme

(ii) Minimum age limit should be 18 years Maximum age limit should be subject to maximum age for repayment period
Upto ₹ 75 lakhs and above 8.85% - 9.95%One time :
Loans upto ₹ 25 Lac - 0.15% of the loan amount, subject to minimum of ₹ 1000/- and maximum of₹ 3750/-

Loans above ₹ 25 Lac & upto ₹ 50 lac-0.25% of the loan amount and maximum of ₹ 12500/-

Loans above ₹ 50 Lac & less than ₹ 75 lac- 0.25% of the loan amount and maximum of ₹ 15000/-

Loans of ₹ 75 Lac & above- 0.25% of the loan amount
15 years for purchase of plot, extension/renovation/repair

Maximum of 40 years for purchase of built up house/construction etc.
Personal Loan i) Salaried Class:

A) To Govt./PSU employees.

B)To Confirmed/Permanent/Regular Employees of other institutions.

ii)Pension Class: Pensioners having their pension account with our Bank.
For Salaried Class:

Up-to 18 times monthly net salary/1.5 times of Net Annual Income or ₹ 3 lacs, whichever is less
For Pensioner:
(a) Pensioners upto the age of 65 years - Up-to 15 times monthly net pension or ₹ 3lacs, whichever is less

b) For Pensioners above the age of 65 years and upto the age of 70 years - Up-to 10 times monthly net pension or ₹ 1 Lac, whichever is less

11.15% - 12.75%One-Time:
1.0% of the loan amount.

Upto 5 years
Car Loan Individuals, proprietorship/partnership firm/ Limited company, trust, society, associations owning and operating or proposing to own and operate transport vehicles for carrying passengers or goods on hire.

The borrower/borrowers hold the necessary driving license or engage driver possessing valid license to operate the type of vehicle for which credit is sought.

The borrower/borrowers should submit proof for permanent residential address.

The borrower/borrowers should have been granted a permit by an appropriate authority to ply vehicle for passengers or goods traffic for hire.

The borrower should have sufficient net worth to pay for the margin and initial recurring expenses like registration, Insurance, etc. In case where the borrower does not meet this requirement, a co-borrower having sufficient net worth may be included.

Any one of the borrower or guarantor should have minimum two years experience in relevant transport business
For new business entities: - Maximum ₹ 50.00 lac

For existing business entities: - Maximum ₹ 2.00 crore (Loans above ₹ 2.00 crore may be considered out of this policy and may be considered as per the guidelines vide loan policy of the Bank.)
7.10% - 7.45%One time:
1.00% of the loan amount
(Refund of entire Processing fee is available at the time of final payment provided borrower makes timely repayment of installments).
Maximum:5 Year

Flexible repayment:Ballooning of installment may be done.

Moratorium Period: 3 Months over & above the overall repayment period
Business Loan
Doctors Special Loan Scheme:
Doctors having minimum qualification MBBS/BDS/BPT or equivalent degree

(i)Maximum₹ 2 Crore in Urban & Metros areas
(ii)Maximum₹ 1 Crore in other areas
Upto ₹ 50 lakhs- 11.25% p.a.

Above ₹ 50 lakhs & Upto ₹ 1 crore: 11.50%

Above ₹ 1 crore & Upto ₹ 2 crore: 11.75% p.a.
Doctors Special Loan Scheme
One time:

0.25% of the loan amount upto Rs.50 lacs.

0.50% of the loan amount above Rs.50 lacs and upto Rs. 2 crore
Upto 7 years
Loan Against Property

i)Individuals who are income tax assesses;

ii)Age limit: Minimum 21 years and Maximum 65 years.
Minimum ₹ 1.00 lac and maximum ₹ 500.00 lac.

Maximum outer limit for finance would be subject to:

(i) For salaried personsMaximum 48 times the net monthly income (Net of all deductions including TDS)

(ii) For others: Maximum 4 times the net annual income (income as per latest IT return less taxes payable)



The income of the spouse / major son may be added if he/she is a co-borrower.
11% p.a.One time :
1% of the loan amount with Minimum of ₹ 2000 and a maximum of ₹ 50, 000.
Max. 12 years
Fixed DepositIndividuals, Hindu Undivided Families (HUFs), Minor represented by parents/guardian,Guardian on behalf of societies, clubs, trusts and associations, associations, clubs, trusts, sole proprietorship firms, partnership firms and limited companiesNIL3.00% - 5.80%NIL7 days to 10 years

Documents Required at Punjab & Sind Bank Gurugram


Products
Documents
Home Loan Identity Proof-PAN Card/Passport/Voter ID/Driving License/Aadhaar Card
Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID
Income Proof-Latest Salary Slips & Form 16 for Salaried
- Profit & Loss A/C Statement & Audited Balance Sheet for the Last 3 Years
Bank Account Statement for the Last 6 Months
Track record of existing loans, if any
Details of property you look to buy & construct
Personal Loan Identity Proof- PAN Card/Voter ID/Driving License/Aadhar Card/Passport
Address Proof- Utility bill/Passport/Aadhar card/Voter ID
Income Proof- Latest Salary Slip/ ITR/Form-16
Bank Statement- Last 3-6 Month Bank Statement
Car Loan Proof of Identity: Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible)

Proof of Address: Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card.

Proof of Income: Latest salary slip with form 16 / Audited balance sheet, Profit & Loss Account for latest two years/ Have a minimum turnover of ₹ 4,50,000 per annum / Audited balance sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company / Latest ITR

Bank Statement: Last 6 months
Business LoanBank statements for the last 6 months
Actual Stamp/ Revenue expenses only
Documents related to establishment of entity, identity and address proof documents

Loan Against PropertyIdentity Proof-PAN Card/Passport/Voter ID/Driving License/Aadhaar Card

Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID

Income Proof-Latest Salary Slips & Form 16 for Salaried
- Employment details for the last 3 years, in case the applicant has not been earlier in the present organization.

Bank Account Statement for the Last 6 Months
copy of income tax return for last 2 financial years duly acknowledged by ITO, for other than salaried persons.

Track record of existing loans, if any

Details of property to be mortgaged
Fixed DepositAn Individual, Hindu Undivided Family, Sole Proprietorship Concern

ID Proof – Passport, PAN Card, Driving Licence, Voter ID, Government ID Card, Senior Citizen ID Card
Address Proof - Telephone Bill, Electricity Bill, ID Card Issued by Post Office, Bank Statement with Cheque
A photograph
Trusts

Copy of the Trust Deed
Copy of the registration certificate
Copy of the Resolution of the Trustees authorizing the members concerned to open and operate the account
Photographs of the members operating the account
Associations/Clubs

By-laws of the Association
Copy of the Resolution by the board authorizing the members concerned to open and operate the account
Photographs of the members operating the account

Partnership Firm
Partnership Deed
Letter from partners approving the persons concerned to open and operate the account
Photographs of the persons operating the account


Public or Private Limited Companies
Board Resolution / Authority Letter
Memorandum & Articles of Association
Certificate of Incorporation
Certificate of Commencement of Business (Public Limited Company)
Form 32 in case list of directors are not original subscribers to Memorandum & Articles of Association (in case of Private Limited Cos) Duly acknowledged by ROC
Governing Act / Rules and Regulations(PSUs) (certified true copy)

Personal Loan Interest Rates March 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates March 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%