Let denote an irreducible projective curve with at most nodes as singularities and defined over an algebraically closed field of characteristic zero. We study the restriction of the twisted Picard bundles on the compactified Jacobian of to the embedded curve in . As an application, we show that for and each integer , there is a two-dimensional family of stable ACM bundles on the compactified Jacobian which has the Picard bundle in its limit. We define an embedding of the (generalised) Jacobian in the moduli space of stable vector bundles on using a twisted restriction of a Picard bundle to . We show that (under suitable conditions) the restriction of the universal bundle to is stable for suitable polarisation. For the embedding of a smooth curve given by a line bundle of degree , we show that the restriction of the Picard bundle on to is -semistable for and -stable for . We also determine the relation between the restriction of the theta divisor on to and the theta divisor on .

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