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Main Features of NEFT/RTGS/IMPS at PNB

Punjab National Bank Neft Rtgs Imps

NEFT Charges at PNB at Home Branch

Transaction Limit and Charges

Transaction Amount 

NEFT Charges (excluding GST)

Up to Rs 10,000

Rs. 2

Rs. 10,000 – Rs. 1 lakh

Rs. 4

Rs. Rs. 1 lakh – Rs. 1=2 lakh

Rs. 14

Above Rs. 2 lakhs

Rs. 24

NEFT Charges at PNB Via Internet/Mobile Banking

*NEFT at PBN through internet and mobile banking is free of charge.

Timings

Days

Time Slot

Monday - Saturday

10.00 am to 5.00 pm

NEFT services not available not available on bank holidays, including, 2nd and 4th Saturday

RTGS Charges at PNB Home Branch

Transaction Amount

RTGS Charges (excluding GST)

Rs. 2 lakhs – Rs. 5 lakhs

Rs. 20

Above Rs. 5 lakhs

Rs. 40

RTGS Charges at PNB Via Internet/Mobile Banking

RTGS at PBN through internet/mobile banking is free of charge.

Timings

Days

Time Slot

Monday – Saturday

10.00 am to 5.00 pm

RTGS services not available on 2nd and 4th Saturday

IMPS Charges at PNB

*IMPS charges are at Rs. 5 plus GST

Timings: 24/7 service including bank holiday

Overview of PNB Fund Transfers

PNB offers various products to its customers which includes electronic fund transfers to make the money transfers convenient, easy and safe for its customers.

PNB NEFT

NEFT is an important mode of money transfer available at PNB. NEFT refers electronic transfer of funds that comes under the purview of the Reserve Bank of India, where you can easily transfer money from one bank account to another. PNB offers its customers the NEFT option through its branch visit, internet banking or mobile banking.

Steps - PNB NEFT Fund Transfer

  • Login to PNB Net Banking portal with  username and password
  • Select  ‘Transactions tab and choose ‘NEFT’
  • Check all necessary details 
  • Click on Submit
  • Enter amount and schedule transfer option for now and later
  • Click ‘Continue’ to check details of the transaction
  • Select account from which fund to be transferred
  • Add beneficiary details like name, account number, IFSC code and amount
  • Click ‘Fund Transfer’
  • Click on Submit

PNB RTGS

RTGS System is a real-time fund transfer from one account to another through RTGS enabled banks. A faster money transfer mechanism than NEFT, this facility is also regulated by the Reserve Bank of India of which PNB is a member.

PNB offers its customers RTGS facility both through offline mode – branch visit or online mode through internet banking or mobile banking.

Steps for RTGS fund transfer - PNB 

  • Login to PNB Net Banking portal with username and password
  • Select the ‘Transactions’ tab and choose ‘RTGS’
  • Check all necessary details 
  • Click Submit
  • Enter amount and schedule transfer option for now and later
  • Click ‘Continue’ to check details of the transaction
  • Select account from which fund to be transferred
  • Add beneficiary details like name, account number, IFSC code and amount
  • Click ‘Fund Transfer’
  • Click Submit

PNB IMPS

IMPS is a real-time fund transfer facility that can be availed by PNB customers for transferring funds from one account to another. The facility is available 24/7 including bank and public holidays. Initially, IMPS was facilitated through mobile phone but now the bank has extended the facility over net banking and ATM.

PNB is one of the leading Indian banks which offer IMPS facility to its customers, which is available to all the bank customers. IMPS facility at PNB is available only on internet banking and mobile banking. NB Immediate Payment Service or IMPS is a real-time fund transfer system from PNB to another bank initially started through mobile phones and is now extended to net banking and ATM. If you want to transfer money through PNB IMPS, you need the recipient's account number and IFSC or Aadhaar number. You can also make payments through IMPS using a Mobile Money Identification Number (MMID) and mobile number.

To avail of this facility, 

  • PNB customers should register their mobile numbers with the bank
  • Customers should get valid MMID linked to their PNB bank account
  • Valid MPIN required to transfer funds 
  • Recipients account number and IFSC code of Aadhar number

Steps to transfer funds via IMPS

IMPS using MMID

  • Log in to the PNB bank portal with username and password  
  • Select the ‘Payments Transfer’ tab
  • Click the ‘Fund Transfer’ tab
  • Click the ‘IMPS Funds Transfer’ tab
  • Click the ‘Person to Person’ tab through MMID
  • Give your MMID and mobile number
  • Enter the amount and confirm the transaction
  • Select ‘Submit’
  • Check details and click ‘Confirm’
  • Authenticate the transaction with OTP received on your registered mobile number

IMPS using IFSC

  • Log in PNB portal and enter your user credentials 
  • Click the “Payments Transfer” tab
  • Select the ‘IMPS Funds Transfer’ tab
  • Select the ‘Funds Transfer’ tab
  • Select ‘Person to Account’ Using IFSC  
  • Select beneficiary details
  • Type the amount and confirm the transaction
  • Click Submit
  • Authenticate the transaction with OTP received on your registered mobile number

About RTGS/NEFT/IMPS at PNB

The Covid-19 pandemic has necessitated the need for remote working and studying. This has made customers opt for online mode for shopping or undertaking their banking transactions. NEFT/RTGS/IMPS facility is one such convenient mechanism made available by most banks in India for their customers to have a secure and hassle-free money transfer.

Punjab National Bank (PNB), is one the oldest bank and the second-largest government-owned bank in India with head office in Delhi. Like most banks in India, PNB offers its customers electronic funds transfers like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS) and Immediate Payment Service (IMPS). PNB customers get to undertake such money transfer through PNB branch visit, internet banking or mobile banking.

FAQs

1. Can IMPS be availed on a non-registered mobile number with PNB?

No, IMPS can only be availed with the mobile number registered with the bank.

2. How much money can be transferred through NEFT at PNB?

There is no limit on the minimum or maximum amount that can be transferred via NEFT mode at PNB.

3. Will I get my money back on a failed NEFT transaction at PNB?

Yes, if the transaction could not be processed due to any glitch at the bank or the beneficiary bank, then the transaction gets credited to your bank account within the end of the business day.

4. Is the IMPS facility available only for a limited time at PNB?

No, the IMPS facility is available 24/7 including bank and public holiday.

5. Are there charges for online RTGS/NEFT transaction at PNB?

Online RTGS/NEFT transactions are free of charge at PNB as per Reserve Bank of India guidelines.

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