Punjab & Sind Bank Debit Card

1. PSB introduced custom-made ATM cum Debit card in association with MasterCard.
2. Bearing the MasterCard logo on face, it is accepted nationally as well as globally at every MasterCard supported ATMs.
3. It is accepted at over 20 lacs ATMs and 3.5 crores mercantile.
4. PSB Debit Card is also facilitated for Point of Sale swiping machines.
5. The card is valid up to five years.
6. The money withdrawal permitted per day is Rs.25000.
7. The customer can shop using this card for up to Rs.50,000.
8. There shall be no issuance fees levied for the initial year.

1. Punjab & Sind Bank comes with seasonal offers, rewards and other perks from time to time.
2. It can be used free of charge for every e-commerce transactions.

Fees & Charges Punjab & Sind Bank Debit Card

Constraints	Fees & Charges
PSB Debit Card Issuance Fee	Nil
ATM Cum Debit card yearly fees for the initial year	Nil
ATM Cum Debit card yearly fees from the subsequent year onwards	Rs. 100 + GST annually
To get your card re-issued	Rs. 100 + GST annually
To get your PIN re-issued	Rs. 25 + GST annually
ATM transaction fees levied if you hold a Savings Account	First five transactions are completely free of charges in ATMs of other banks for both financial and non-financial transactions monthly.
ATM transaction fees levied for Current/ CAOD Account	This doesn't come with free transaction option at all for both financial and non-financial transactions.

GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.

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FAQs on Punjab & Sind Bank Debit Cards

• I accidentally swiped the card twice at a PoS. How many days will the bank take to refund my money in such events?

  According to the RBI guidelines, banks are supposed to reimburse those incorrectly debited sums in less than a time period of 12 working days. Punjab and Sind bank too follows this diligently.

• What is the next thing to do if I enter the PIN wrongly or my card gets sucked by the machine for any reason?

  Your debit card can get sucked by the machine for various reasons such as forgetting your PIN, wrongly entering your PIN, faultiness of the machine and more. The first thing to do is to get in touch with the PSB customer care by phone or in person and report the incident at the earliest. Your card will be blocked temporarily and you can then apply to retrieve or issue a new card or PIN.

• What can I do of my PSB Debit Card is lost or stolen?

  In an unfortunate event of loss or theft or mugging, you must notify the PSB customer care centre at the earliest. You can call their desk numbers and get your card blocked temporarily.

• How much money can I withdraw in a day?

  As a government owned bank, daily withdrawals come with certain restrictions. You can withdraw up to a maximum of INR 15,000 in a day. You cannot do more than three withdrawals a day.

• What can I do if the money is not dispensed by the ATM but gets deducted from my account during a transaction?

  The client can file a detailed complaint with the nearest Punjab & Sind Bank branch. This procedure is pertinent even if the transaction was done at any PSB ATM.