The Punjab & Sind Bank (PSB) has abolished pre-payment charges on home loans for all categories of borrowers, with an immediate effect. As said by Mr. D P Singh, Chairman & Managing Director, PSB, “The decision to waive pre-payment charges on home loans reflects the concern of the bank for its borrowing clientele who are desirous of repaying their housing loans before the schedule of repayment period.” He said that the bank has considered interests of their customer while framing policies.