Philippine Savings Bank (PSB)

Overview

Punjab & Sind Bank, a significant financial and banking service provider in India, was established in 1908 and has its headquarters in New Delhi. The bank operates across four main segments: Treasury Operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. It caters to a diverse clientele, offering a wide array of banking and financial products and services across the country. The institution's commitment to serving the needs of different customer segments has made it a trusted name in the Indian banking sector.

Products and Services

The bank offers a comprehensive range of products and services designed to meet the financial needs of its customers. These include:

• Deposit Products: Various savings vehicles such as saving accounts, current accounts, recurring deposit accounts, and fixed deposits are available for individuals and businesses looking to manage their money efficiently.
• Loans: The bank provides several loan products tailored to different needs, including home loans, auto loans, skill education loans, commercial vehicle loans, personal loans, doctor loans, mortgage loans, vyapar loans, gold loans, and other loans. Special schemes like the sukhmoney scheme for senior citizens and SB OD schemes are also on offer.
• Non-Fund Based Products: Services like letter of credit, LC advising/confirming, bank guarantee, co-acceptance facility, solvency certificate, and credit report products are available for businesses requiring financial guarantees and advisory services. Debt restructuring services are also offered for businesses needing financial restructuring.
• Locker Facility: Safe deposit lockers for the safekeeping of valuable items and documents.
• Government Schemes: The bank participates in various government schemes, providing customers access to initiatives supported by the government.
• Insurance: A range of life and general insurance products to protect the customers and their assets.
• Digital Banking Services: Modern banking conveniences such as internet and mobile banking, SMS banking, Aadhaar seeding, point of sale, unified payment interface, RTGS/NEFT for fund transfers, and ATM/debit cards. Online payment solutions are also provided to facilitate easy and secure transactions.
• International Banking Services: The bank offers NRI schemes, export/import services, forex treasury operations, and a residential facility, catering to the international banking needs of its customers. Also, specific products targeted at micro and small enterprises are available, supporting the growth of small businesses.