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Old April 3rd, 2016, 11:52 AM
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Join Date: Nov 2011
Default Re: PNB to PNB Money Transfer

PNB or Punjab National Bank is an Indian multinational banking and financial services company based in New Delhi, India and founded in 1894. It is one of the Big Four banks of India, along with ICICI Bank, Bank of Baroda and State Bank of India.

Money Transfer Service Schemes


It has tie up for money transfer service with Global Money Transfer Pvt. Ltd. for facilitating payment with a ceiling of USD 2500 on individual remittance.

Only personal payments such as payments towards family maintenance and favoring foreign tourists visiting India are permissible.

Trade related payments, payment towards purchase of property, investments or credit to NRE accounts, donations/contribution to charitable organizations are not permitted.

Recipient can collect cash for payments upto Rs.50,000 from any branch of PNB in India.

However, in exceptional circumstances, i.e. where beneficiary is a foreign tourist, higher amount may be disbursed in cash.

Not more than 30 payments by a single recipient/beneficiary during a calendar year.

• Hassel Free- Instant Money Transfer Facility.
• Eliminates Risk of loss of Instrument or its fraudulent use.
• Facility available to both Retail & Corporate Clients.
• Ensures remittance of funds on the same day ( Maximum T+1)
• No Minimum or Maximum Limit.
• Facility also available through Internet Banking Channel both Online and Request mode.
• Facility available at all Branches of the Bank
• Facility also available for Bulk users through Internet Banking Channel

Service charges for NEFT are as follows

Transaction Amount Charges
Upto Rs.10000/- Rs. 2.50 + Service Tax
Above Rs10,000/- to Rs.1,00,000/- Rs.5.00 + Service Tax
Above Rs.1,00,000/- to Rs.2,00,000/- Rs. 15.00 + Service Tax
Above Rs.2,00,000/- Rs.25.00 + Service Tax

International Money Transfer

Money Transfer Service Schemes
• Xpress Money
• Money Gram
• Xoom.com
• Ezremit
• Western Union
• Transfast
• Ria Money, USA
Answered By StudyChaCha Member
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