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PSB Gaurav Bachat SB Salary Product

PSB Gaurav Bachat SB Salary Product

(Introducing our exclusive Savings Salary Product for Defence Personnel)

This Product offers SB Salary Account to all Serving & Retired Defence personnel including Paramilitary forces, Agniveers & Veer Nari.

Salient features of PSB Gaurav Bachat SB Salary Account 

Features Agniveer Serving Defence Pensioners Veer Nari
Age Limit 17.5 to 23 years 18 to 60 years 18 to 78 years  
Overdraft Facility Upto 3 months net Salary Credit or Rs. 2 lakh whichever is lower. NA NA  
Group Term Life Insurance Cover (#) 10 Lakhs Rs. 10 Lakhs N.A. N.A.
Group Personal Accidental Death Cover Rs. 100 lakh Rs. 100 lakhs + Child Education Benefits Rs. 100 lakh Rs. 100 lakh
Additional Child Benefit on Accidental Death Cover N.A. Education Cover Up to 24 Lakhs (Rs. 6 Lakhs for Boy Child between 12-22 years and up to Rs. 12 Lakhs in case of Girl Child age 12-22 years) for maximum 2 children. N.A. N.A.
Anti-Terrorist/Naxal Operations Cover Personal Accidental Insurance (PAI) + Rs. 10 lakhs Personal Accidental Insurance (PAI) + Rs. 10 lakhs N.A. N.A.
Personal Accident Death Cover and other benefits under PSB Salary Plus Udaan NA Up to Rs. 100 lakhs (As per Salary Variant) + Child Education Benefits NA NA
Other Benefits
  • NPCI Debit Card Benefits
  • NPCI Debit Card Benefits
  • NPCI Debit Card Benefits
  • Free of Cost Door Step Banking for Life Certificate Collection
  • SMS for new schemes/new facilities/monthly pension
 
Locker Rent Concession 50% Concession on one Small Locker only 50% Concession on any one Locker 50% Concession on one Small Locker only 50% Concession on one Small Locker only
Other Insurance Benefits
  • Total Disability Cover : Rs. 100 lakhs
  • Permanent Partial Disability Cover : Upto Rs. 100 lakhs
Insurance Benefits
  • Air Accident Death Cover (Without POS Conditions) Including Service Aircrafts : Rs.100 lakhs (International Travel) and Rs.120 lakhs (Domestic)
  • Railway Accident (Without POS Conditions) (Death Insurance): Rs.100 lakh.
  • Wellness Program Benefits / Annual Health Check-up(#):
    1. Annual Preventive Health Checkup once a year.
    2. Unlimited teleconsultation cover.
    3. Unauthorized Digital Txn Cyber Cover - Rs.25,000 Annual (Available for Agniveer and Serving Defence & Paramilitary personnel.)
  • Hospital Cash Benefit (#) for Agniveer and Serving Defence & Paramilitary personnel
    1. Daily Hospital Cash Benefit Rs.2500/- per day for hospitalization & Rs.5000/- per day for ICU admission.
    2. Available for family members on payment of Rs.208/- + GST per person.
Concession/Waiver of Service Charges
  • Minimum Balance Charges
  • NEFT/RTGS Remittance
  • IMPS Charges
  • SMS Alert Charges
  • Issuance of Demand Draft Charges
  • Unlimited free ATM Transaction Charges both at own Bank's ATM & Other Banks ATM.
  • ATM/Debit Card – Platinum & Select Debit Card – free issuance, re-issuance and Annual Maintenance Charges.
  • Waived for both cash deposit and cash withdrawal at all bank branches (home and non-home).
  • Cheque Book – 100 leaves free per annum.
  • Passbook Issuance Charges – free.
  • Account Statement Charges – free.
 

The following Service Charges which are applicable to general savings account will also be applicable for the above product:

Particulars Particulars
Ledger Folio Charges for Saving Bank Accounts ATM Transaction Charges (Beyond Free Limit)
Stop Payment & Revocation (Branch Mode) Updation/Modification of Mobile No / E-Mail ID
Re-issue of PIN Nomination Charges (Change of Nomination)
Issuance of Duplicate DRs Interest Certificate / Balance Certificate
Account Closure Charges (If close before 12 month) Copy of Cheque/DD (Paid by Bank)
Transfer of Funds within Bank (Branch Mode) ECS/NACH Registration Mandate
Cancellation/Revalidation & Replacement of DD ECS/NACH Return
Inward/Outward Return of Clearing Cheque Locker Allotment & Visit (Beyond Free Limit)
Transfer of Funds within Bank (Branch Mode)  

Note: Any service/benefit beyond concession limits are chargeable.
For more details on applicable charges, kindly visit: https://punjabandsind.bank.in/content/servchg

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