PNB or the Punjab National Bank is one of the Indian Public Sector Banks, headquartered in New Delhi. It offers various banking products to conduct safe transferring of funds from one bank account to another. These include PNB RTGS and NEFT facilities, allowing customers to conduct safe and efficient fund transfers between accounts held at different banks across India.
Below is a table showing a brief overview of the PNB RTGS form that you need to fill out to avail such a facility.
| Type of Form | PNB RTGS/NEFT Application Form |
| Name of Bank | Punjab National Bank |
| Official Website | Punjab National Bank |
| Uses of Form | Online Transfer of Funds |
| Minimum Limit | For RTGS – ₹2 lakhsFor NEFT – No minimum limit |
| Maximum Limit | For RTGS – No maximum limit For NEFT – ₹500 lakhs |
| Beneficiary | Bank Customers |
| Form Language | English, Hindi |
| PNB RTGS Form PDF | Download PNB RTGS Form PDF |
What Is PNB RTGS?
RTGS or the Real Time Gross Settlement by PNB is a system through which you can transfer your funds from one bank account to the other in real time. These settlements of funds transfers are processed individually throughout the day on a transaction-by-transaction basis.
What Is PNB NEFT?
NEFT or the National Electronic Funds Transfer is a fund transfer mechanism that takes place within the same day, having a cut-off time. This kind of fund transfer system is processed in a batch settlement mode.
How to Download the PNB RTGS Form?
You can consider proceeding with a few simple steps to download the PNB RTGS form which include the following:
- Step 1: Visit the official website of the Punjab National Bank.
- Step 2: Log in to your account with your credentials.
- Step 3: Navigate to the RTGS form option.
Through the link, you can download the PNB Bank RTGS options in PDF format.
How to Download PNB NEFT Form in PDF Format?
Below are a few simple steps that you can follow to download the PNB Bank NEFT form.
- Step 1: Visit the official website of the Punjab National Bank.
- Step 2: Log in to your account with your credentials.
- Step 3: Navigate to the NEFT form option.
Through the link, you can download the PNB Bank NEFT form in PDF format.
How to Fill PNB RTGS Form?
Follow the given below steps to fill up your PNB RTGS form easily:
- Step 1: Visit the official website of the Punjab National Bank.
- Step 2: Log in to your account with your credentials.
- Step 3: Download the RTGS form from the website.
- Step 4: Fill in the required details one by one starting with the beneficiary bank name, its branch, amount to be transferred, sender bank branch name, beneficiary bank IFSC code, cheque number, and beneficiary account type.
- Step 5: Verify all the information given in the form.
- Step 6: Sign the form in the place of the beneficiary’s signature.
You can submit the duly filled RTGS form to the nearest PNB branch.
How to Fill PNB NEFT Form?
The following is a step-by-step process showing how you can easily fill up your PNB NEFT form:
- Step 1: Visit the official website of the Punjab National Bank.
- Step 2: Log in to your account with your credentials.
- Step 3: Download the NEFT form from the website.
- Step 4: Enter the PNB branch name.
- Step 5: Fill in the sender details.
- Step 6: Fill in the beneficiary’s details.
- Step 7: Enter the amount to be transferred in words and figures.
- Step 8: Provide the cheque number.
- Step 9: Verify the details you have provided in the form.
- Step 10: Sign the form in the place of the customer’s signature.
You can submit the duly filled NEFT form to the nearest PNB branch.
Documents Required Along with PNB RTGS Form
The following is a list of documents one has to submit along with the PNB RTGS form:
- Cheque leaf of the beneficiary
- Duly filled PNB RTGS form along with the necessary details of the beneficiary
- Additional documents as per the requirements of the Punjab National Bank
You can also consider visiting your nearest PNB branch to confirm the list of documents required for RTGS or resolve any queries that you may have regarding the same.
PNB RTGS/NEFT Timings
Below is the table that showcases the PNB RTGS and NEFT timings:
| Monday to Friday (10:00 AM to 5:00 PM) | Transactions are allowed |
| Working Saturdays (Except 2nd and 4th Saturdays) from 10:00 AM to 5:00 PM | Transactions are allowed |
| Sundays and public holidays | No transactions are allowed |
PNB RTGS and NEFT Charges
Below is the table showcases the PNB RTGS charges:
| Amount of RTGS | Transaction Service Charges (Exclusive of GST) |
| ₹2 lakhs to ₹5 lakhs | ₹20 |
| More than ₹5 lakhs | ₹40 |
Here are the PNB NEFT charges that you need to know.
| Amount of NEFT | Transaction Service Charges (Exclusive of GST) |
| Up to ₹10,000 | ₹2 |
| Over ₹10,000 up to ₹1 lakh | ₹4 |
| Over ₹1 lakh up to ₹2 lakhs | ₹14 |
| More than ₹2 lakhs | ₹24 |
What Happens if RTGS Transaction is Not Processed on Time?
According to the Reserve Bank of India, if any RTGS transaction is not processed on time, it will be returned to the beneficiary within an hour. After the remitting bank receives the amount back, the original debit entry will be reversed.
Final Word
Filling up a PNB RTGS form is a hassle-free and convenient process that can be done within a few minutes. However, you must remember to provide an error-free RTGS application to ensure the fund transfer process goes on smoothly.
FAQs
Yes, according to the mandate by the Reserve Bank of India, RTGS is available round the clock for 365 days.
Unlike RTGS, which is processed in real-time, NEFT takes around 30 minutes to 2 hours to process the requests for the fund transfer.
Yes, you can track the status of your NEFT request through the reference number which would be provided to you at the time of processing the fund transfer.
The PNB online window for NEFT is available 24×7. However, for the branch visits you need to follow the bank timings
Disclaimer
This article is solely for educational purposes. Stable Money doesn't take any responsibility for the information or claims made in the blog.
