We present a comparative study of our valence band photoemission results on Nb2Pd1.2Se5 and Nb2Pd0.95S5 superconductors which is supported by our DFT based electronic structure calculations. We observe that the VB spectra of both the compounds are qualitatively similar, except slight difference in the binding energy position of all features between the two compounds which could be the result of different electronegativity of Se and S atom. The calculated density of states reveal that the VB features are mainly composed of Pd Se S hybridized states. The nature of DOS originating from the distinctly coordinated Pd atoms is different. Further, the involvement of the various Pd 4d and Nb 4d states in crossing of Fermi level signifies the multiband character of these compounds. In addition, we find a temperature dependent pseudogap in Nb2Pd0.95S5 which is absent in Nb2Pd1.2Se5.