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:
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