Punjab and Sind Bank Zero Balance Savings Account

Last Updated : March 25, 2025, 6:17 p.m.

Punjab and Sind Bank offer a range of banking solutions aimed at making everyday financial management both accessible and cost-effective. One such solution is the Zero Balance Savings Account, which enables customers to enjoy essential banking services without the burden of maintaining a minimum balance.

This article covers all the details about Punjab and Sind Bank’s best Zero Balance Savings Account —from the various types available to the account opening procedures, required documents, and frequently asked questions.

Features and Benefits of Punjab and Sind Bank BSBDA

Some of the features and benefits are -

• The bank is committed to inclusive banking and helping the weaker sections of society.
• There is no requirement for any minimum balance.
• This account is available to all and does not require any eligibility criteria.
• Deposit and withdrawal of cash can be done using ATMs, cheques and at the bank.
• There is no limit on deposits but withdrawals are limited to 4 per month
• ATM card or ATM-cum-Debit Card is available
• No charges will be levied for non-operation / activation of in-operative BSBDA
• A chequebook is provided at a normal charge for all the account holders.
• You can check your balance using Punjab and Sind Bank balance check enquiry.

Documents Required for Punjab and Sind Bank Zero Balance Savings Account

Punjab and Sind Bank require a set of documents for the account opening process.

General Documents

Proof of Identity (ID):

• PAN Card (mandatory)
• Aadhaar Card
• Passport
• Voter ID Card

• Proof of Address:
  • Recent Utility Bill (electricity, water, gas, etc., not older than three months)
  • Aadhaar Card (with address details)
  • Passport
  • Rent Agreement or Property Tax Receipt
• Photographs:
  • Recent passport-size photographs (typically 2-3 copies)

How to open a Punjab and Sind Bank Zero Balance Savings Account?

Punjab and Sind Bank provides an efficient online process to open a Punjab and Sind Bank Savings Account. Follow these steps:

1. Visit the Official Website:
   Navigate to the Punjab and Sind Bank website and click on the “Account Opening” or “Savings Account” section.
2. Select Your Account Type:
   Choose between the Standard Zero Balance Savings Account or the appropriate specialized variant.
3. Fill Out the Application Form:
   Enter your personal, contact, and financial details accurately in the online form.
4. Upload Required Documents:
   Attach scanned copies of your identity, address proof, and any additional documents based on the chosen account variant.
5. Submit Your Application:
   Complete the submission process. The bank will verify your details and, upon successful verification, send you an account confirmation via SMS or email.

How to Open the Account Offline?

For those who prefer personal assistance, Punjab and Sind Bank offers an offline account opening process:

1. Visit Your Nearest Branch:
   Locate and visit the closest Punjab and Sind Bank branches.
2. Obtain the Application Form:
   Request the Zero Balance Savings Account opening form from a branch representative.
3. Complete the Form:
   Fill in the form with all required details accurately.
4. Submit Documents:
   Provide original or attested copies of your identity proof, address proof, and any other required documents.
5. KYC Verification:
   The bank’s staff will conduct a KYC verification process and complete your application.
6. Account Activation:
   Once your documents are verified, you will receive your account details, along with a welcome kit and debit card.

Maximum Limit for Punjab and Sind Bank Zero Balance Savings Account

For Punjab and Sind Bank's Basic Savings Bank Deposit Account (BSBDA), the maximum balance at any point in time is Rs. 50,000, and the total credit in the account during a financial year should not exceed Rs. 1,00,000.

UPI Transaction Limit of Punjab and Sind Bank Zero Balance Savings Account

• Daily Limit: You can transfer a maximum of ₹1,00,000 per day through UPI.
• No Limit on Transactions: There is no limit on the number of transactions you can make within the daily limit.

What is the Withdrawal Limit Per Day for Punjab and Sind Zero Balance Savings Account?

• ATM Withdrawal Limit: You can withdraw a maximum of Rs. 25,000 per day from ATMs.
• POS/E-com Limit: The maximum limit for Point of Sale (POS) and E-commerce (online) transactions is Rs. 1,00,000 per day.
• Number of Withdrawals: You can make up to 3 withdrawals per day at ATM machines.