Punjab National Bank brings state of the art technology to make transactions as convenient for account holders as possible. To help customers transfer funds faster and on the go, PNB also provides Immediate Payment Service or IMPS. These are real time transactions that help you transfer funds to the beneficiary in less than 30 minutes. But, the bank levies IMPS charges PNB on all the IMPS transactions initiated by the account holder.
IMPS or Immediate Payment Service is the fastest fund transfer option available. IMPS transfer can be made using mobile banking or internet banking facilities. Each registered PNB mobile application user will receive a unique 7 digit code called the Mobile Money Identifier or MMID for each account. This includes the unique code for the bank offering this service in the first four digits. This allows you to make transfers to beneficiaries having an MMID safely and with minimal error.
You can get your MMID when you download the PNB mobile banking app, from an ATM or from the nearest PNB branch.
IMPS Services offered by PNB can be accessed through multiple channels such as:
The current IMPS Charges PNB are Rs.5 per transaction. However, you can check any updated information on the service charges at Punjab National Bank on www.pnbindia.com. GST is applicable on all the charges levied on the IMPS services offered by PNB.
In order to transfer funds using IMPS services, you have two options
IMPS services are ideal for people who are on the go and rely on online payment methods. There are several features and benefits of this service such as:
With IMPS, you can transfer up to Rs.50000 each day as per the guidelines of Punjab National Bank. You also have the option of making transfers through SMS or NUUT. In these cases, the limit per day is Rs.5000. If you make any transactions using an ATM, the transaction limit per day is Rs.10000.
