Punjab and Sind Bank Net Banking

Yes, Punjab and Sind Bank (PSB) offers online banking through its **PSB UnIC** platform for retail customers (including NRE/NRO accounts) and **PSB UnIC Biz** for sole proprietors and corporate customers. This omni-channel digital banking solution provides a unified experience across internet banking, mobile banking, and UPI, allowing customers to manage accounts, transfer funds, pay bills, and access various banking services online. The platform is secure, user-friendly, and integrates features like NEFT, RTGS, IMPS, and UPI for seamless transactions.

To register for PSB net banking, you need an active PSB savings or current account and a registered mobile number. The registration process can be completed online for retail users. Below are the steps:

Steps for Retail Users:

1. **Visit the Official PSB Website**:

   - Click on **“PSB UnIC”** under the internet banking section and select **“Retail Banking”**.

2. **Select New User Registration**:

   - Click on **“New User Registration”** or **“New User Link”** on the PSB UnIC login page.

3. **Enter Customer Details**:

   - Input your **Customer ID** (found on your passbook, bank statement, or welcome kit).

   - Verify your identity by entering either your **PAN Number** or **Date of Birth**.

4. **Authenticate with OTP**:

   - Enter your **registered mobile number** to receive an **OTP**.

   - Input the OTP to validate your identity.

5. **Create Login Credentials**:

   - Set a **Login Password** (must include a mix of letters, numbers, and special characters as per PSB’s guidelines).

   - Create a **Transaction Password** or PIN for authorizing transactions.

   - Agree to the terms and conditions and submit the form.

6. **Complete Registration**:

   - A confirmation message will display your **User ID** (often your Customer ID by default, but you can customise it).

   - Net banking is activated immediately, though some services (e.g., fund transfers) may take 24–48 hours to fully activate.

- Submit the signed form with required documents (e.g., Board Resolution, Partnership Deed, KYC of authorised users) to your parent branch.

The **Login ID** (or User ID) for PSB net banking is created during the registration process. Here’s how it works:

- **Default User ID**: By default, PSB assigns your **Customer ID** (available in your passbook or bank statement) as the User ID during registration.

- **Customizing User ID**: After registration, you can change the User ID to a preferred one via the net banking portal: Navigate to **“Preferences”** or **“Profile Settings”**.

 Select **“Update User ID”**, enter your preferred User ID, and confirm with your **Transaction Password** or OTP.

If You Forget Your User ID:- Click **“Forgot User ID”** on the PSB UnIC login page.

- Enter your **Customer ID**, **account number**, or **registered mobile number** to retrieve it.

- Verify with an OTP sent to your registered mobile number.

- Alternatively, contact PSB customer care at **1800-419-8300** or visit a branch.

PSB net banking transaction limits depend on the transfer mode (NEFT, RTGS, IMPS, UPI, or within-bank transfers) and are managed through the PSB UnIC platform. Below are the typical limits based on available information:

- Default Daily Limit:

  - The default daily transaction limit for retail customers is approximately **₹2,00,000** across all channels (NEFT, RTGS, IMPS, within-bank transfers, and e-commerce transactions).

  - Customers can customize channel-wise limits (e.g., separate limits for NEFT, IMPS, or e-commerce) within this cap through the net banking portal.

- NEFT (National Electronic Funds Transfer):

  - **Minimum**: ₹1.

  - **Maximum**: No upper limit per RBI guidelines, but PSB’s default daily cap of **₹2,00,000** applies unless increased via branch approval.

  - Processed in batches during banking hours (Monday to Saturday, excluding 2nd/4th Saturdays and holidays).

- RTGS (Real-Time Gross Settlement):

  - **Minimum**: ₹2,00,000 per transaction.

  - **Maximum**: No upper limit per RBI, but subject to the default **₹2,00,000** daily cap for online transactions unless modified.

  - Available 24/7 with instant settlement.

- IMPS (Immediate Payment Service):

  - **Minimum**: ₹1.

  - **Maximum**: ₹2,00,000 per transaction and per day, aligning with the default cap.

  - Available 24/7, including holidays.

- UPI (Unified Payments Interface):

  - **Per Transaction Limit**: ₹1,00,000.

  - **Daily Limit**: ₹1,00,000.

  - **Transaction Frequency**: Up to 20 transactions per day.

  - UPI limits are separate from other net banking channels and follow RBI guidelines.

- **Within-Bank Transfers**:

  - **Minimum**: ₹1 (no specific lower limit mentioned).

  - **Maximum**: Subject to the default daily cap of **₹2,00,000**, adjustable within this limit via net banking.

  - OTP is required for transfers exceeding certain thresholds (e.g., ₹2,000).

- **E-Commerce and Bill Payments**:

  - Subject to the same **₹2,00,000** daily cap, which can be customised for specific channels.

To increase the transaction limit beyond the default ₹2,00,000 daily cap in PSB net banking, you typically need to request approval from your branch, as online customisation is limited to this ceiling. Below are the steps:

Steps to Increase Transaction Limit:

1. Check Current Limits Online:

   - Log in to PSB UnIC 

   - Navigate to **“General Services”** or **“Inquiry Facility”** and select **“Transaction Limit Inquiry”** to view your current limits.

2. Customize Within Default Cap (Optional):

   - If you want to adjust limits within ₹2,00,000 for specific channels (e.g., NEFT, IMPS, e-commerce):

  - Go to **“Personalize Limits”** under **“General Services”**.

  - Select the transaction type (e.g., NEFT, IMPS), channel (internet banking), and set the desired limit.

  - Confirm with your **Transaction Password** and **OTP**.

  - This does not increase the overall cap but reallocates it across channels.

3. Request Increase Beyond ₹2,00,000:

   - **Visit Your PSB Branch**:

  - Submit a written request to increase your net banking transaction limit.

  - Provide your **account details**, **Customer ID**, and **ID proof** (e.g., Aadhaar, PAN).

  - Specify the desired limit and purpose (e.g., high-value business transactions).

   - The branch will review your request and account profile to approve a higher limit.

   - For corporate users, include relevant documents (e.g., Board Resolution) to justify the increase.

4. Alternative: Contact Customer Care:

   - Call PSB customer care at **1800-419-8300** or email **psbonline@psbindia.com** to inquire about the process.

   - They may guide you to submit a request at the branch or provide additional steps.

5. Post-Approval:

   - Once approved, the new limit will reflect in your PSB UnIC account.

   - Verify the updated limit under **“Transaction Limit Inquiry”** in the net banking portal.