Punjab National Bank (PNB) offers a host of electronic services or e-services such as NEFT (National Electronic Fund Transfer), RTGS (Real Time Gross Settlement) and IMPS (Immediate Payment Service). While PNB charges Rs 5 (excluding GST) per transaction for IMPS transfers, it charges a fee ranging from Rs Rs. 2.50 to Rs 25 for NEFT transfers and Rs 25-Rs 55 for RTGS, according to the bank's website - pnbindia.in. An electronic transaction or wire transfer refers to transfer of funds from one bank account to another bank account that occurs electronically, through use of computer-based systems without the direct intervention of bank staff.
While there is no minimum amount prescribed for NEFT or IMPS transactions, RTGS transactions require the transfer amount to be a minimum of Rs 2 lakh, according to the PNB website.
Here's a look at PNB's charges for wire transfers through NEFT, IMPS and RTGS modes:
PNB IMPSChargesLimitPNB NEFTCharges| PNB service charges for NEFT | |
| Transaction Amount | Charges |
| Upto Rs.10000/-* | Rs. 2.50 + GST |
| Above Rs10,000/- to Rs.1,00,000/-* | Rs.5.00 + GST |
| Above Rs.1,00,000/- to Rs.2,00,000/- | Rs. 15.00 + GST |
| Above Rs.2,00,000/- | Rs.25.00 + GST |
| (Source: pnbindia.in) | |
| Block | Time Of Transaction Verification | Time Varying Tariff Per Transaction (Rs.) | RTGS Charges + GST | ||
| From | To | Rs. 2 lacs to Rs. 5 lacs | Above Rs. 5 lacs | ||
| 1 | 8:00 | 11:00 | Nil | Rs.25/- + GST | Rs50/- + GST |
| 2 | After 11:00 | 13:00 | 2 | Rs.27/- + GST | Rs52/- + GST |
| 3 | After 13:00 | 16:30 | 5 | Rs.30/- + GST | Rs55/- + GST |
| 4 | After 16:30 | 10 | Rs.30/- + GST | Rs55/- + GST | |
| (Source: pnbindia.in) | |||||
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