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PSB Shikshak Circular

Features for “PSB Shikshak SB Salary Account”

Criterion Features
Eligibility All the permanent employees of Punjab School Education Board (PSEB) and its affiliated institutions.
Minimum Balance Charges Nil
Personal Accident Cover / Permanent Total Disability Cover up to Rs. 120 lakh
Group Term Life Insurance Group Term Life Insurance of Rs. 11 Lakhs
Additional Child Education Benefit on Accidental Death Cover Up to Rs. 24 Lakh
(Rs. 6 Lakh for Boy child between 3-24 years and Rs. 12 Lakh in case of girl child age 3-24 years. Wherever accident death claim is admissible).
Applicable maximum up to 2 children.
Air Accident (Domestic) with POS Condition Up to Rs. 180 Lakh
Accidental Insurance Coverage through NPCI Up to 2 Lakhs
With RuPay Platinum Debit Card
Anti-terrorist/Naxal Operations Cover Up to Rs. 120 Lakh
OD Facility Two Months of Net Salary Credit or Rs. 4 Lakh, whichever is lower
Processing Fees Waiver Housing Loan – 100% Waiver
Vehicle Loan – 50% Concession
Personal Loan – 50% Waiver
Education Loan – 50% Waiver
ROI Waiver For Home Loan – 0.05% Waiver for Government Employees
For Vehicle Loan – 0.05% Waiver for Government Employees
(Subject to change from time to time as per guidelines issued by HO Retail Lending Department)
Additional Education Loan 0.05% Waiver for Child Education
Locker Rent Waiver of 100% Rent of Small Locker or 50% Rent of Medium Locker (Any One)
Annual Debit Card (Issuance and AMC) RuPay Platinum Card – Nil Charges
SMS Charges Nil
Daily ATM Cash Withdrawal Limit Rs. 25,000 for RuPay Classic Card
Rs. 40,000 for RuPay Platinum Card
Daily POS/ECOM Limit Rs. 100,000 for RuPay Classic Card
Rs. 150,000 for RuPay Platinum Card
Demand Draft Charges Unlimited Free if issued through Salary Account
Cheque Book Free 25 Cheque Leaves per Month
*Note: Accidental Insurance Coverage through NPCI up to Rs. 2 Lakhs & RuPay Lounge Complimentary Access (Domestic & International) including other facilities like OTT Subscription etc. will be as per the card variant (subject to change as per NPCI guidelines from time to time).

 

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 Savings Accounts Cash Withdrawal Charges (At Non-Home Branches)
Stop Payment Charges or Revocation (Branch Mode) Locker Allotment Charges (if availed)
Issuance of Duplicate Passbook or Statement Locker Visit (Beyond 12 Visits) (if availed)
Issuance of Duplicate TDRs Updation/Modification of Mobile No. / E-Mail ID (Subsequent Update/Modification)
Account Closure Charges (if closed before 12 months) Nomination Charges (Change of Nomination)
Cash Handling Charges (Beyond Limit) Interest Certificate / Balance Certificate / Other Certificate in Deposit Accounts
NEFT Outward Remittance Charges Copy of Cheque/DD (Paid by Bank)
RTGS Outward Remittance Charges ECS/NACH Registration / Signature Verification Charges
Cancellation/Revalidation & Replacement of DD ECS/NACH Return
Inward Returning of Clearing ATM/Debit Card Issuance & AMC
Outward Returning of Clearing ATM/Debit Card Re-Issuance Fee
Transfer of Funds within Bank (Branch Mode) Re-Issue of PIN
ATM/POS Transaction Technical Declines Attributable to Customer (i.e. Insufficient Funds in Account) ATM Transaction Charges (Beyond Free Limit)
ATM Transaction Charges (Beyond Free Limit) IMPS Charges

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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