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PNB Money Transfer

PNB transfer money service can be availed by all customers of PNB. This service helps customers instantly transfer money from their PNB account to anyone in India. Using this online PNB fund transfer service you can transfer money from your account using your mobile phone and money will be deposited in beneficiary’s account in real-time.


Major advantage of online PNB fund transfer service is that you can transfer money online without writing a cheque. As money is credited in beneficiary’s bank account in real-time, you don’t have to submit the cheque to them. To use this online transfer money service please download our app and register your PNB accounts. After that you will have to generate a secure banking PIN and then using this PIN you’ll be able to transfer funds to anyone in India directly from your PNB accounts.


Another benefit of this service is that you can do instant money transfers without adding beneficiaries. All transactions performed via our app are 100% safe and secure. As soon as money transfer is done, you will receive an SMS from Punjab National Bank and the beneficiary will get SMS from their bank.


Features of online PNB money transfer service:
  1. Online, real-time money transfer from PNB account
  2. Fund transfer without adding or registering beneficiaries
  3. Fund transfer between your own Punjab National Bank accounts. You can use this feature if you have multiple accounts with the bank
  4. Transfer money between Self accounts with other banks - from your PNB account you can transfer money to your account in other banks
  5. Transfer money service works 24x7, 365 days a year
  6. Even on all Saturdays and Sundays as well as bank & public holidays you can do fund transfer
  7. All banks in India supported for money transfers
  8. Transfer limit is Rs. 1,00,000 per day from your PNB account. This is the maximum limit as set by your bank
  9. You can make up to 10 transfers per day from your account. This is the maximum limit as set by your bank
  10. Online fund transfer service is absolutely free and you don’t have to pay any fees
  11. Instant confirmation from PNB on money transfers. You’ll also get an SMS from the bank
  12. Beneficiary bank will also send SMS to the beneficiary, confirming the fund transfer
  13. BHIM UPI is used for transferring funds from your Punjab National Bank account to beneficiary’s bank account in real-time

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How to transfer money from PNB account online:

  1. Download Cointab app for Android or iPhone
  2. Install app using mobile number which is registered in your PNB account
  3. Please choose PNB for bank account registration
  4. All your PNB accounts will be registered and activated for mobile banking
  5. Generate Punjab National 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 transferred from your PNB account and credited in recipient’s bank account in real-time
  12. You’ll get an SMS from Punjab National Bank about the transaction. Recipient will also receive an SMS from their bank

From your PNB account, transferring money online to anyone’s account in India is a very simple and quick process and you can use the fund transfer 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 your bank account to anyone in India

Online fund transfer service from PNB enables you to transfer money from your account to anyone in India. Recipient can have a bank account with any bank in India and yet money can be transferred in real-time.

Transfer money without adding beneficiary

Using PNB transfer money facility you can do fund transfer without adding beneficiary. After downloading and registering for our app, you can immediately transfer funds to beneficiary by specifying their bank account number and IFSC code.

Transfer money to Self account

Online fund transfer facility also allows you to transfer funds between Self accounts. If you have multiple accounts with Punjab National Bank then you can do fund transfer between your accounts. In fact if you have accounts with other banks then also you can do a Self account transfer from your PNB account.

Transfer money to BHIM UPI ID

Online money transfer service by PNB also enables funds transfers to beneficiary’s BHIM UPI ID so that you don’t have to request for their bank account number & IFSC code and can instead do fund transfer directly on their BHIM UPI ID. Like other modes of transfer, BHIM UPI transfer via bank account works in real-time and money is credited in beneficiary’s bank account in real-time.

Transfer money to mobile number

Another big advantage of Punjab National Bank fund transfer service is the ability to transfer money to a mobile number. This helps you easily transfer money to friends and family without requesting for their bank account number or BHIM UPI ID.

High transaction limit

As per the bank’s online money transfer policy, you can make upto 10 transfers on a daily basis, upto a total of Rs. 1,00,000.

No charges for online money transfer service

Online fund transfer service is offered by PNB free of cost to its customers so that they can seamlessly transfer money as and when required. Like NEFT / RTGS / IMPS, there are no charges for transferring funds via BHIM UPI using our app.

24x7 service

Money transfer service works 24x7 so that you can transfer money to beneficiaries in real-time as and when required. This service also works at night, on weekends and on bank & public holidays so that you can transfer money from your Punjab National Bank account easily.

Benefits of online transfer money service


Time saving: By using online PNB 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 PNB is absolutely free for its customers and you don’t have to pay anything for using the service.

Security: All Punjab National 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 National 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.

PNB Online Money Transfer security

100% security for PNB Online Transfer Money is ensured in the following ways:

  1. PNB UPI registration for your bank accounts can only be done on your mobile due to linking of your mobile number with your account
  2. Before using BHIM services, you must create a new secure UPI PIN using your debit card
  3. While performing transactions on your mobile you have to use your PNB UPI PIN. No transaction will go through without this secure UPI PIN
  4. App password can be created so that no one can even open the app without knowing your app password
  5. PIN or pattern lock can be created for your phone so that no one can open your mobile

Timing of PNB Online Transfer Money

  • UPI services are available on all days, including Saturday and Sunday
  • Advantage of PNB BHIM is that it can be used at night as well
  • As banking is extremely important in day to day life, you can use UPI facility even on bank holidays and public holidays
  • BHIM services can be availed throughout the year

Online Money Transfer Service Eligibility

In order to use PNB Online Money Transfer service you must meet the following requirements:

  • A savings or current account with PNB
  • Mobile number should be registered with your bank
  • Android or iPhone mobile phone
  • Internet connection either via SIM card or WiFi

Limitations of Online Transfer Money Service

Following are the restrictions in PNB online transfer money service:

  • Your mobile number must be registered in PNB
  • It requires Android or iPhone mobile phone
  • It will not work without internet connection
  • Transfer upto Rs. 1,00,000 per day per bank account
  • Transfer upto 10 time per day per bank account

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