Punjab & Sind Bank Kolkata

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About Punjab & Sind Bank

Punjab & Sind Bank is a government regulated bank which was formed in the year 1908. It offers a host of banking products such as investment banking, commercial banking, retail banking, private banking, mortgage, loans and credit / debit cards and much more. The bank has its headquarters based out in New Delhi, India.The bank was set up by dignitaries like Bhai Vir Singh, Sir Sunder Singh Majitha, and Sardar Tarlochan Singh in the holy city of Amritsar which is based on the principle of social dedication towards supporting the underprivileged section of the society in their economic endeavours to raise their standard of living.

The bank establishes its presence in the heart of Kolkata through some of its branches. Kolkata is popular for establishing leading industries with their core business, the commercial and financial hub of eastern India and also the main port of communication for the North-Eastern States.

There are several IT-SEZ and IT parks which have constructed its roots in Kolkata due to the support obtained from foreign direct investments made in the city in coordination with Punjab & Sind Bank Kolkata. Regardless of the banking services such as retail banking, the bank also provides business and priority sector lending to encourage the needs of unfulfilled industrialists. The bank also gives a helping hand to lot many women entrepreneurs for the sake of running boutiques specialized in Bengali handloom and cottage industries and fusion-fashion so as to create a mark for themselves in the clothing market as compared to the traditional family-run saree stores offering a varied variety of art and fashion which holds a strong position significantly in the market.

Branch Addresses of Punjab & Sind Bank Kolkata

Branch NameComplete AddressIFSCMICRContact Number
Kolkata Main8, Old Court House Street Kolkata
PSIB0000147700023002033-22103469/22207578
N.S. Road Kolkata83/85, Netaji Suhash Road Kolkata – 700001PSIB0000361700023003033-22431416/22432584
Chowringhee Kolkata59 B Chowarangee Road, Kolkata – 700020PSIB000062570002301022471946
IBD Kolkata14/15 Old Court House St. Kolkata – 700001PSIB000056270002300722104357
Lindsay Street, Kolkata12/1 Lindsay Street, Kolkata, West Bengal – 700087PSIB0000501700023004033 22520030
Salt Lake, KolkataB J - 111, Sector - Ii, Salt Lake Area, Kolkata – 7000069PSIB0000620700023015033 22485990
Tangra Road, Kolkata5/4 New Tangra Road, Kolkata – 7000046PSIB0000629700023011033 23293041
Bansdroni, Kolkata235/3/1, Nsc Bose Road, Bansdrauni, Kolkata, West Bengal – 700047PSIB0000669700023012033 24710725
Birati Mahajati Vidya Mandir, KolkataBirati Mahajati Vidya Mandir, Kolkata, West Bengal – 700051PSIB0000846700023018033 25126477
Kalakar Street3 A Madho Kesto Seth Lane, Kalakar Street, West BangalPSIB0000537NON-MICR033 22381748

Products Offered by Punjab & Sind Bank Kolkata

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 8.40% - 8.65%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 ₹ 3 lacs, 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

12.40% - 13.65%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.)
8.65% - 11.40%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 companiesNIL4.00% - 7.00%NIL7 days to 10 years

Documents Required at Punjab & Sind Bank Kolkata


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)

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