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

Punjab & Sind Bank New Delhi

About Punjab & Sind Bank

Headquartered in New Delhi, the capital of India, Punjab & Sind Bank laid out its presence through more than 800 branches across the country. It employs around 10,000 staff members which always remain actively involved in the banking services and customer care. The bank encourages Delhi customers and outside the region to participate in distinctive banking services such as the Internet and phone banking, international banking, hire-purchase, leasing and credit cards. Nationalized in 1980 by the Government of India. Irrespective of its headquarter the bank outstretch through several branches as well. Regardless of other banks, Punjab & Sind Bank extends support to the Government of India for launching their banking schemes. One such scheme provided by the bank is MSME (Micro, Small and Medium Enterprises) loans which promote the active participation of several skilled and unskilled workers to contribute to the economic development of the city. Apart from that, the bank’s other project also works in action towards the rehabilitation of sick units.

New Delhi is widely known to be the largest commercial base in northern India which also holds the dominance in the banking sector, providing shelter to the reputed banks including Punjab & Sind Bank. Connaught Place, the leading North India’s famous commercial and financial centre point in one such region where the bank houses itself.

Moreover, the rapid growth and development of the city rely heavily on the establishment of various industries like textile, handloom, art and crafts, occupying a strong foothold in the marketplace throughout the city and in northern India. The financial infusion in the form of several aids and grants injected by Punjab & Sind Bank have encouraged the development of several new industries which includes jewellery, silver, export, textile, embroidery, corporate, fashion, ITES, Information Technology, BPO, as a result bringing more units expansion within the city.

Branch Addresses of Punjab & Sind Bank New Delhi

Branch NameComplete AddressIFSCMICRContact Number
S D Public School Moti Nagar, DelhiS D Public School, Moti Nagar, New Delhi - 110015PSIB0000880110023104011-25915411
SGTB Khalsa College, Delhi UniversitySGTB Khalsa College, Delhi University, North Campus, New Delhi - 110007PSIB0000895110023055011 27667763
Mata Gujri School, G K - I, New DelhiGurudwara Sri Guru Singh Sabha, C - Block Greater Kailash - I, New Delhi - 110048PSIB0000904110023102011-29237047
Guru Harkishan Nagar, DelhiS.S.Mota Singh School, Guru Harkishan Nagar, New Delhi - 110087 PSIB0000845110023072011-25224437
Jwala Heri DelhiJwala Heri Paschim Vihar Delhi - 110063 PSIB0020929110023119011-25283546
Delhi Chandni ChowkFountain Chandni Chowk Delhi – 110006
PSIB0000007110023016011-23862751/23860470
H - Block, New DelhiH - Block, Connaught Circus New Delhi PSIB0000013110023005011-27472921/23320703
Paharganj5/1, D.B. Gupta Road, Pahar Ganj New Delhi
PSIB0000019110023011011-23617738/23616447
Tilak Nagar43 - 44, New Market, Tilak Nagar, New Delhi – 110018
PSIB0000038110023037011-25190097
Kailash ColonyHS - 18, Kailash Colony Market New Delhi - 110048 PSIB0000044110023012011-26468649/264322043

Products Offered by Punjab & Sind Bank New Delhi

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 New Delhi


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%