PNB RTGS Form

[nikhilchauhan]

PNB is a major bank in the Indian banking scene and provides electronic fund transfer. Mainly there are 3 ways in which you can make electronic payment with PNB Bank - RTGS, NEFT, and IMPS. Before moving forward, it's important to understand the differences between the 3 modes;

Type of Transfer	NEFT	IMPS	RTGS
Speed of settlement	Real-Time	Real-Time	Real-Time
Maximum Transfer Value	Rs. 5,00,00,000	Up to Rs.5,00,000	No Limit
Minimum Transfer Value	NIL	No Limit	Rs. 2,00,000
Charges	Rs. 2.25 (Up to 10,000) Rs. 4.75 (10,000-1,00,000) Rs. 14.75 (1,00,000-2,00,000) Rs. 24.75 (Above 2,00,000)	Rs.5 + GST	Rs. 24.50 (2,00,000-5,00,000) Rs. 49.50 ( Above 5,00,000)
Timing	24x7, 365 Days	24x7, 365 Days	24x7, 365 Days

RTGS/NEFT/IMPS Transfer with PNB Bank:

There are two ways to initiate an RTGS / NEFT/ IMPS transfer with PNB Bank:

1. Offline submission /In Branch Request (FOR RTGS/NEFT)
2. Mobile Banking (FOR RTGS /NEFT /IMPS).

OFFLINE SUBMISSION /IN-BRANCH REQUEST

Step 1: Download and Complete the Form

• Download the attached NEFT/RTGS form (in PDF format). This same form will be provided to you if you choose to initiate the transfer through an in-branch request. We have attached a copy of the same form in this post for your ease.
• Print a clear copy of the downloaded form.
• Fill out the form completely and accurately. How to fill up the form is mentioned below

How to Fill up the Form?

• Write the Branch Name and today's date first.
• Next choose the mode of fund transfer (RTGS/NEFT/Draft).
• Mention the amount to be transferred in figures and words.
• Now, mention the beneficiaries account number, name, bank and branch name, IFSC code, amount, charges, and total amount.
• Next rewrite the amount in figures and your Account No. also whilst choosing the type of account you have(SF/CA/OD/CC).
• If you are giving the amount in cash, write the amount in figures and cheque no. and date.
• Lastly, verify your name, address, mobile number with your signature and also mention the time of request.

Step 2: Submit the Form at Your Branch

• Visit your nearest PNB Bank branch.
• Submit the completed NEFT/RTGS form along with any required identification documents to a bank teller or customer service representative.
• Once your request is processed, the funds will be transferred to the beneficiary's account.

Mobile Banking (PNB One Mobile App)

• Firstly log in to your PNB One Mobile application.
• Select the ‘My Payee’ option.
• Click on add payee option on bottom right.
• Select if the beneficiary is from PNB or another bank.
• Now, enter the beneficiary details including bank and account details. Also, you have to set the limit amount and number of transactions
• Now, click on the Add option and reconfirm again.
• Enter the TPin to proceed and confirm with OTP.
• After 2 hours you can transfer funds to the beneficiary.
• Now, go back to the Transfer Fund option on the home screen and select the Transfer funds to beneficiary option.
• Select the beneficiary you want to send money to.
• Enter the amount to be transferred and select the mode of fund transfer(NEFT/RTGS/IMPS).[You can also schedule a transfer]
• Select if you want the payment to be one time or recurring and click on view summary option.
• Confirm the details and enter your pin and OTP to successfully transfer the funds.

Conclusion - When to use what?

• For urgent, high-value transfers: Use RTGS if speed is critical and the amount is substantial. Be aware of minimum transfer limits and potential fees.
• For routine transfers and bill payments: NEFT is a convenient and cost-effective option for transfers within India, although it's not real-time.
• For small, urgent transfers: IMPS is ideal for immediate transfers of smaller amounts, even on holidays. Be mindful of potential maximum limits and fees.