Punjab and Sind Bank Savings Account

Last Updated : Feb. 6, 2025, 3:17 p.m.

Punjab and Sind bank savings accounts are designed to cater to a large and wide range of customers. Its customers range from individuals, who are looking for basic banking and saving accounts to high-net-worth individuals who are expecting additional facilities.The Punjab and Sind Bank savings account has competitive interest rates and also many value-added services. This helps the bank to cater to a wider range of customers.

Punjab and Sind Bank Savings Account Interest Rates May 2026

The Punjab and Sind Bank offer competitive interest rates and hence have a large customer base.

Types of Punjab and Sind Bank Savings Account

All individuals, HUFs, / corporate bodies, clubs, trusts etc are eligible to open a savings account at the bank.

Small Account: This account is the best savings account for individuals who are not able to produce all the KYC documents to the bank.

Features

• The maximum balance limit for this account is Rs. 50,000.
• The limit for aggregate of all credit is Rs. 2,00,000.
• Foreign remittances are allowed if the individual can submit all the related documents.

Saving account: This savings account is the most commonly used account by individuals. Minors who are above the age of 10 can also opt to open this account.

Features

• The minimum balance requirements with and without a chequebook are Rs. 1,000 and Rs. 500 respectively.
• There is no limit on the amount of deposits in this account
• For minors, the deposit limit is Rs. 49,999 per day
• For minors, the withdrawal limit is Rs. 50,000 with a cheque and Rs. 10,000 using a withdrawal slip.

PSB Premier Savings Account: This is one of the best savings accounts is for highnet worth individuals who are wanting to open a savings account.

Features

• The quarterly balance requirements are as below:

Quarterly Average Balance to be maintained:

• Free lifetime ATM cards
• Waiver of RTGS / NEFT transactions up to 10 per month
• Free personalised chequebooks with 100 pages
• Waiver of cash handling charges up to Rs. 15 lakhs per month
• Mobile and Internet banking.

Basic Savings Bank Deposit Account: This savings account is a no-frills account. This account requires customers to have a complete KYC.

Features

• This is a zero-balance savings account .
• There is no limit on deposits per month.
• Free ATM and debit cards are issued by the bank.
• The withdrawals per month are limited to four.

Documents Required for PSB Savings Account

KYC documents are mandatory to start a savings account. Below are some of the acceptable documents.

Proof of Identity:

• Aadhar Card
• PAN Card
• Voter ID
• Passport
• Company ID Card in case of some companies.

Proof of Residence:

• Telephone Bill
• Electricity Bill
• Passport
• Ration Card
• ITR returns

How to open a Savings Account in Punjab and Sind Bank?

Nowadays, with mobile banking, applying to open a savings account is no longer a tedious process. It can be done very easily either online or offline.

Online:

• Login to the online Punjab and Sind Bank Portal
• Fill in the application form
• Submit all the documents as per the savings account opted by you
• Carry original documents for verification by the bank.

Offline:

• Visit the nearest branch office. Use the locator to find the nearest branch.
• Carry all the original documents for verification
• Fill in the application form