Banking

Loans

*(T&C Apply)

Debit & Credit Cards (Along With Offers)

Terms & Condition

1. This product is available to permanent employees of central government departments only.


2. Name of the insurance company(ies) associated with the product: Presently, United India Insurance Co. Ltd. However, Punjab & Sind Bank onboards insurance partners through Request for Proposal (RFP) process and insurance partners are subject to change. T&Cs of the insurance company shall prevail at all times.


3. Insurance coverage details (type, extent, eligibility, etc.): The salary account holder will be covered under insurance on first credit of salary or from 01.01.2026, whichever is later. When salary is not credited in the account for 03 months, the account will be converted to general bank savings account.


4. Overdraft facility will be given only to permanent employees having PF/NPS no. and on the specific request of the customer.


5. Minimum three month salary should be credited in the account before sanctioning the overdraft and length of service of the employee with employer should be minimum six months.


6. Overdraft facility availing salary account customer will not be allowed to shift his/her salary account to any other Bank till overdraft account is adjusted.


7. In case of the account holder has availed overdraft facility, salary disbursing account of the account holder will not be changed without the permission of the Bank.


8. Benefits offered under Rupay Platinum & Rupay Select Debit Cards are subject to changes as per NPCI Card Policy.


9. Credit card offerings are through the SBI Co-branded arrangements and will be subjected to respective eligibility and general T&Cs.


10. Intimation of the claim shall be made within 90 days of the date of death/accident after which the claim is liable to be rejected.


11. Pricing given for top-up life insurance cover and medical insurance cover where cost is to be borne by A/C holder is dependent on insurance company and are subject to change.