Punjab National Bank (PNB) is one of India’s largest public sector banks, offering a wide range of digital banking services. Among these, NEFT (National Electronic Funds Transfer) is a popular and secure way to transfer money across bank accounts in India.
In this article, we will explain Punjab National Bank NEFT charges, timings, limits, and how to transfer money step-by-step in simple language.
What is NEFT in Punjab National Bank?
NEFT is an electronic fund transfer system regulated by the Reserve Bank of India. It allows individuals, businesses, and even walk-in customers to transfer money from one bank account to another across India.
Transactions are processed in batch cycles, and funds are typically credited within 30 minutes to 2 hours, depending on the processing time.
Punjab National Bank NEFT Charges
PNB follows RBI guidelines and promotes digital banking by offering free online transactions.
1. Online NEFT Charges
- Internet Banking / Mobile Banking (PNB ONE app): FREE
- No charges for digital transactions
2. Branch NEFT Charges
| Transaction Amount | Charges |
| Up to ₹10,000 | ₹2 + GST |
| ₹10,001 – ₹1 lakh | ₹4 + GST |
| ₹1 lakh – ₹2 lakh | ₹12 + GST |
| Above ₹2 lakh | ₹20 + GST |
These charges apply only when NEFT is done through a bank branch.
Punjab National Bank NEFT Timings
Online NEFT Timings
- Available 24×7, 365 days
- Works on Sundays and bank holidays
Branch NEFT Timings
- Monday to Friday: 8:00 AM to 7:00 PM
- Saturday: 8:00 AM to 1:00 PM
NEFT operates in hourly or half-hourly batches, ensuring regular processing throughout the day.
Punjab National Bank NEFT Limit
PNB NEFT offers flexible limits for different users:
| Mode | Minimum | Maximum Limit |
| Branch | ₹1 | Up to ₹5 crore |
| Internet Banking (Retail) | ₹1 | ₹2 lakh per transaction |
| Daily Limit (Online) | — | ₹15 lakh/day |
| Corporate Banking | — | No fixed limit |
| Walk-in (Cash) | — | ₹50,000 |
NEFT has no minimum limit, and higher limits depend on customer profile and authorization.
How To Transfer Money via NEFT in PNB
You can transfer funds through internet banking, mobile banking, or branch visit. Here’s the most common online method:
Step-by-Step (Internet Banking)
1. Visit the official website: https://pnb.bank.in/
2. Login to PNB Net Banking (PNB Net)
3. Go to Transactions → NEFT
4. Add beneficiary details:
- Name
- Account Number
- IFSC Code
5. Wait for beneficiary activation
6. Enter transfer amount
7. Confirm transaction using OTP
8. Download/save the receipt (UTR number)
The amount will be credited in the next NEFT settlement cycle.
Key Benefits of PNB NEFT
- Free online transactions
- 24×7 availability
- Safe and RBI-regulated system
- Suitable for small and large transfers
- Nationwide bank coverage
Important Tips for Users
- Always verify account number and IFSC code carefully
- Add beneficiaries in advance to avoid delays
- Use online banking to save time and charges
- Large transactions may require limit enhancement
- Failed transactions are usually reversed within 1–2 working days
Conclusion
Punjab National Bank NEFT service is a secure, reliable, and cost-effective way to transfer money across India. With zero charges on online transactions, flexible limits, and 24×7 availability, it is ideal for both personal and business use.
To enjoy faster and hassle-free transactions, customers should prefer internet or mobile banking instead of visiting a branch.
