Punjab National Bank (PNB) IMPS

Features of IMPS Facility Offered by Punjab National Bank

There is no denying that IMPS facility offered by banks has been quite helpful when it comes to transferring money to our near and dear ones as well as to others for different purposes. Mentioned below are the features of PNB IMPS:

1. Customers can use the combination of MMID and mobile number or the bank account number and IFSC code for transferring money.
2. Funds worth Rs.50,000 can be transacted on a single day.
3. Both the remitter and the beneficiary are sent alerts after the fund transfer has been carried out successfully.

Benefits of using IMPS facility offered by Punjab National Bank

Since the IMPS facility is quite popular when it comes to transferring funds, there is no doubt that the service offered by banks has a lot of benefits. Mentioned below are the benefits offered by PNB to the customers who use the IMPS facility to transfer funds:

1. IMPS facility can be availed all through the 24 hours
2. Can be used to transfer funds on bank holidays and Sundays.
3. Funds are transferred immediately to the beneficiary.
4. The facility is quite user-friendly.
5. Transferring money can be carried out through different modes like internet banking, mobile banking, bank branches, and ATMs.
6. The service can be used also by those customers who have an account with the bank courtesy their ATM.

How to Add a Beneficiary for IMPS Fund Transfer in PNB?

To initiate a fund transfer using the IMPS facility through the mediums of internet banking, mobile banking, and ATMs the remitter would need to first add the beneficiary/payee. As the process involved is different for all three avenues, we have listed below the detailed process that the customer needs to follow for adding a beneficiary under the three modes:

Internet Banking:

The process involved to add a beneficiary and authorise it under internet banking is as follows:

1. The customer is required to login to the PNB Online account.
2. Next, he/she needs to select 'Manage Beneficiary'
3. Following that, the option 'Add IMPS Payee' is needed to be chosen.
4. Next, the details asked for needs to be provided.
5. Thereafter, click on 'Confirm New/Modified Beneficiary'.
6. On doing so, an OTP would be sent on the registered mobile number.
7. Enter the OTP on the corresponding screen to authorise the newly added beneficiary.

Mobile Banking:

To add a beneficiary for IMPS fund transfer on the mobile application, the steps mentioned below needs to be followed:

1. Login to the PNB Online account on the mobile app.
2. Select 'Transfers'.
3. Click on 'Manage Beneficiary'.
4. Thereafter, select 'Other Banks'.
5. Enter the details asked for.
6. Next, click on 'Continue'.
7. Following that, enter the transaction password to authorise the payee.

ATMs:

The steps involved to add an IMPS beneficiary at an PNB ATM are as follows:

1. Visit a PNB ATM
2. Insert the PNB debit card into the designated slot
3. Select 'Immediate Payment Service'
4. Next, select 'Registration'
5. Following that, enter the registered mobile number
6. Re-enter the mobile number
7. On doing so, all bank accounts linked to the mobile number are displayed on the screen.
8. Choose the one you wish to use
9. Click on 'Submit'
10. On successful completion of the process, the Mobile Money Identifier (MMID) is issued on the receipt.

How to Transfer Money by using PNB IMPS Service Through Internet Banking, Mobile Banking and PNB ATMs?

To transfer funds using the PNB IMPS facility, customers need follow the steps mentioned below while carrying out IMPS transfer through modes like internet banking, mobile banking, and  ATMs.

IMPS Transfer Through Internet Banking:

The process involved to initiate IMPS transfer through internet banking is as follows:

1. Login to the PNB Online account.
2. Click on 'Transaction'.
3. Choose one among 'IMPS using IFSC' or 'IMPS using MMID'.
4. Enter the details asked for to make the transaction.
5. Next, click on 'Continue'.
6. Following that verify the transaction using the OTP sent on the registered mobile number.

IMPS Transfer Through Mobile Banking:

1. Login to the PNB Online account on the app using the username and password.
2. Click on 'Transfers'
3. Select one among 'IMPS using IFSC' or 'IMPS using MMID' depending on your preference.
4. Fill in the details asked for.
5. Next, click on 'Continue'.
6. Finally, verify the transaction using the transaction password.

IMPS Transfer Through a PNB ATM:

To carry out an IMPS fund transfer from a PNB ATM, the customer is required to follow the steps mentioned below:

1. First, visit a PNB ATM.
2. Insert the debit card in the designated slot.
3. Thereafter, select 'Fund Transfers'.
4. Choose 'Immediate Payment Service'
5. Next, select 'Fund Transfer'
6. Enter the beneficiary's MMID, mobile number, transaction amount, and account type.
7. Select the account which is to be used.
8. Confirm the details displayed in the screen and click on 'Proceed'.