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PMC Fund Transfer

PMC transfer money service is available to all customers who have an account with the bank. Using this facility customers of PMC can instantly transfer money to anyone in India. Fund transfer can be directly initiated on mobile phone and money will be deposited in beneficiary’s account in real-time.


With the help of online PMC fund transfer service you can send money to anyone without writing a cheque. Just by downloading our mobile app, you can add your PMC account and generate a secure mobile banking PIN. Using this PIN you can transfer funds to anyone in India from your PMC account.


Fund transfer can be initiated without adding beneficiary in your PMC account. All transactions are 100% safe and secure and you will instantly get SMS from Punjab and Maharashtra Bank about the transaction. Recipients will also receive SMS from their bank after money is credited in their bank account.


Following are the features of online PMC transfer money service:
  1. Real-time money transfer from bank account
  2. Transfer money without adding beneficiary
  3. Transfer money between your own PMC accounts - from one account to another account
  4. Transfer money between your own accounts in other banks - from PMC account to other bank account
  5. Online PMC money transfer can be done 24x7, 365 days a year
  6. Funds can be transferred on all Saturdays, Sundays and even bank & public holidays
  7. Money transfer from Punjab and Maharashtra Bank to all banks in India supported
  8. Transfer upto Rs. 1,00,000 per day from your PMC account. This is the maximum limit as set by Punjab and Maharashtra Bank
  9. Upto 10 transfers per day allowed from your account. This is the maximum limit as set by your bank
  10. No charges for online PMC money transfer service
  11. Instantly receive SMS from PMC once transfer is initiated
  12. Recipient receives SMS from their bank once funds are credited in their account
  13. Funds are transferred in real-time from your Punjab and Maharashtra Bank account to recipient’s account via BHIM UPI

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How to transfer money from PMC account online:

  1. Download Cointab app for Android or iPhone
  2. Install app using mobile number which is registered in your PMC account
  3. For bank account registration, select PMC
  4. All your PMC accounts will be registered and activated for mobile banking
  5. Generate Punjab and Maharashtra Bank banking PIN
  6. Select Transfer Money
  7. Enter beneficiary’s name
  8. Enter beneficiary’s bank account number & IFSC code
  9. Enter amount
  10. Enter your banking PIN (which you generated in the previous step)
  11. Money will be debited from your PMC account and credited in recipient’s bank account in real-time
  12. You’ll get an SMS from Punjab and Maharashtra Bank about the transaction. Recipient will also receive an SMS from their bank

Online transfer of money from your PMC account is a very simple and quick process and you can use the transfer money service whenever required. Please keep in mind that the maximum transfer limit is Rs. 1,00,000 per day and 10 transactions per day.

Features of Online Money Transfer Service


Real-time fund transfer from bank account to anyone in India

PMC offers an online money transfer facility using which you can transfer money to anyone in India. Using PMC fund transfer service you can transfer money even if the beneficiary doesn’t have an account with your bank. On a real-time basis, money gets credited in beneficiary’s bank account.

Transfer funds without adding beneficiary

Online fund transfers typically require you to add and activate beneficiary and you can do money transfers only after that. But using our app you can transfer money without adding beneficiaries. You just have to specify the beneficiary’s account number and IFSC code and money will be credited in their bank account in real-time, directly from your PMC account.

Self account money transfer

Using PMC online money transfer service you can transfer money between your own accounts as well. This is a very useful service if you hold multiple accounts with the bank as at a click of a button you can do fund transfer between your own accounts. This service also works if you hold accounts with other banks - you can debit money from your Punjab and Maharashtra Bank account and credit money into any of your account with other banks.

BHIM UPI ID transfer money

Online PMC fund transfer service also allows you to transfer money to a BHIM UPI ID. This is particularly useful if the beneficiary also uses a BHIM UPI app wherein without requesting for beneficiary’s account details you can directly transfer money to their BHIM UPI ID. In such cases, money gets credited in the account which is linked with their BHIM UPI ID.

Transfer money to mobile number

Another way to transfer money is via mobile number. With the help of our app you can easily transfer money to your friends and family without requesting for their account number + IFSC code or BHIM UPI ID. When you transfer money to a mobile number, money gets credited in beneficiary’s bank account which is linked to their mobile number in our app.

Transaction limit

Online money transfer service is being offered by PMC to all its customers free of cost. You don’t have to pay any charges for using the online money transfer service and can transfer money from your bank account as and when required.

No charges for using online money transfer service

Due to some reason if you want to change your PMC BHIM PIN then you can use our mobile app for instantly changing your Punjab and Maharashtra Bank UPI PIN. Your new PIN will be immediately registered in your PMC account and you can use it for performing financial transactions.

24x7 service

Online money transfer service works 24x7 and enables you to transfer money whenever required so that you don’t have to visit the branch or ATM and can initiate fund transfer directly from your mobile. You can even do fund transfer on weekends, bank holidays and public holidays.

Online Transfer Money service benefits


Time saving: By using online PMC fund transfer service instead of visiting the branch or ATM or writing a cheque you can save a lot of time as you can transfer money to beneficiary in real-time online.

Easy access: Fund transfer facility can be used anytime anywhere as it is available online 24x7, 365 days a year.

Cost saving: Online money transfer service by PMC is absolutely free for its customers and you don’t have to pay anything for using the service.

Security: All Punjab and Maharashtra Bank mobile banking transactions are 100% secure due to linking of your account on your mobile number and your banking PIN

Multi Purpose: Online transfer service by Punjab and Maharashtra Bank is a multiple purpose service wherein you can not only transfer money to beneficiary, but also recharge your mobile / DTH, pay electricity / gas / credit card bill, buy insurance, book fixed deposit, buy mutual fund, etc.

PMC Online Money Transfer security

PMC Online Money Transfer is fully secured in the following ways:

  1. PMC UPI registration for your bank accounts can only be done on your mobile due to linking of your mobile number with your bank account
  2. For using BHIM services, you have to create a new UPI PIN using your debit card
  3. For performing any type of transaction you have to then use Punjab and Maharashtra Bank UPI PIN. No transaction will go through without this secure UPI PIN
  4. For additional security, you can also set up app password so that no one can even open the app without knowing your app password
  5. For enhanced safety, you can also create a PIN or pattern lock for your phone so that no one can open your mobile

PMC Online Money Transfer Timing

  • As banking is extremely crucial in day to day life, PMC UPI services can be used on all days, including Saturday and Sunday
  • Main benefit of BHIM is that you can use it at night as well
  • For your convenience, UPI facility is available even on bank holidays and public holidays
  • BHIM services are available throughout the year

Eligibility conditions for using Online Money Transfer Service

For using PMC Online Transfer Money service you have to meet the following requirements

  • You must have a savings or current account with PMC
  • Your mobile number must be registered with your bank
  • You should be using either Android or iPhone mobile phone
  • You should be having an internet connection either via SIM card or WiFi

Online Transfer Money Service Limitations

Following are the limitations of PMC online money transfer service:

  • It will only work if your mobile number is registered in PMC
  • It will not work without Android or iPhone mobile phone
  • It will not work without internet connection
  • You can only transfer upto Rs. 1,00,000 per day per bank account
  • You can transfer upto 10 times per day per bank account

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