PNB IMPS Service Using Internet Banking | Mobile Banking | ATM : – PNB (Punjab National Bank) has started the service of PNB IMPS by using this service the customer can send the fund Inter Bank on the 24X7 basis. PNB IMPS works on urgent basis as you can see that it’s already described by the name (Immediate Payment Service). The Funds can be transferred using MMID & Mobile Number or Account Number & IFSC. The best thing of IMPS is you can use this service even on Bank Holidays such as Saturday, Sunday and other Holiday, means you can use this service throughout the year. The fund transfer through IMPS can be done using:-
• Internet Banking
• Mobile Banking
PNB IMPS FAQs:
What is IMPS?
Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service. Bank is extending it through various channels such as ATM, Internet Banking, Mobile Banking, etc. All the Public Sector & Major Private Banks are participating in IMPS.
What is MMID?
Mobile Money Identification Number (MMID) is a seven digit unique number for an account, out of which the first four digits are the unique identification number of the bank offering IMPS. PNB customers can generate the MMID through Mobile banking, Internet banking & ATMs.
What is the daily limit of the transaction through IMPS in PNB?
Rs. 50,000/- per day. However, through SMS & NUUP variants, the limit is Rs.5000/- per day.
What details are required to add beneficiary for an IMPS remittance?
Following beneficiary details are required:
MMID based transfer:
MMID of the beneficiary
Mobile number of the beneficiary
Name of the beneficiary
IFSC based transfer:
Account Number of the beneficiary
Name of the beneficiary
To enquire the IFSC Code Click Here
How long does it take for the funds to be credited to the beneficiary account?
The funds transfer on real time basis without any delay
How does the remitter come to know that his account is debited, and funds have been credited to the beneficiary’s account?
The remitting bank sends a confirmation message to the remitting customer about the transaction initiated by him/her as per SMS Alert policy.
How does a beneficiary come to know of funds being credited to his / her bank’s account?
The recipient bank sends a confirmation message to the beneficiary customer informing him/her of the credit in the account as per SMS Alert policy.
Can a client receive remittance using the mobile number other than the one registered with the bank?
The customer can receive funds using the registered mobile number only.
What are the charges for IMPS Transfers?
Bank charges Rs.5/- + Service tax per IMPS transfer. However, for updated information, please visit Fees link at Bank’s Corporate website www.pnbindia.in.