PNB hikes service expenses for NEFT, RTGS and NACH transactions


The service expenses for Actual Time Gross Settlement (RTGS) and Nationwide Digital Fund Switch (NEFT) transactions have been revised by the general public sector lender Punjab Nationwide Financial institution. The announcement was issued on Might 20, 2022, and the financial institution is now deducting the below-listed service expenses on RTGS, NEFT, and NACH EMandate transactions on account of the change.

PNB RTGS Costs

Beforehand, the financial institution charged 20.00 at department and NIL for on-line RTGS transaction slabs of 2 lakh to 5 lakh, however this has now been elevated to 24.50 for department and 24.00 for on-line. Beforehand, the service cost for transactions above Rs. 5 lakh was 40.00 in-branch and NIL on-line, however it has now been elevated to 49.50 in-branch and 49 for on-line transactions.

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PNB RTGS & NEFT Costs (pnbindia.in)

PNB NEFT Costs

On NEFT transactions as much as Rs.10,000/- earlier the financial institution was charging 2.00 on the department and nil for on-line transactions, however now it has been hiked to 2.25 on the department and 1.75 for on-line transactions. Beforehand, service expenses on transactions over Rs.10,000/- and as much as Rs.1 lakh have been 4.00 in-branch and nil on-line, however they’ve now been elevated to 4.75 in-branch and 4.25 for on-line transactions. Beforehand, service expenses for transactions past Rs.1 lakh and as much as Rs.2 lakh have been 14.00 in-branch and nil on-line, however now they are going to be 14.75 in-branch and 14.25 for on-line transactions. For NEFT transactions above Rs.2 Lakh, the service expenses at branches have been hiked from 24.00 to 24.75 and 24.25 for on-line transactions. All of the above expenses are unique of relevant GST. PNB has talked about on its web site that “No expenses from Financial savings Checking account holders for NEFT funds transfers initiated on-line.”

PNB NACH EMandate Costs

The costs for inward NACH EMandate(On-line Mandate) verification as of 28-05-2022 are as follows:

PNB NACH Charges

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PNB NACH Costs (pnbindia.in)

On acceptance, a cost of Rs. 100/- could be charged for inward NACH eMandate(On-line Mandate) verification. This service cost is unique of any relevant GST for the Nationwide Automated Clearing Home (NACH) mandate.

PNB IMPS Costs

There could be no service cost on transactions as much as Rs. 1000 utilizing the Instant Fee Service (IMPS). Service expenses on IMPS transactions between Rs. 1001 and Rs. 1 lakh has been elevated from Rs. 5 to Rs. 6 + GST, whereas service expenses on IMPS transactions past Rs. 1 lakh have been elevated from Rs. 10 to Rs. 12 + GST. On 04.05.2022, the financial institution made these modifications.

PNB IMPS Charges

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PNB IMPS Costs (pnbindia.in)

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