Payment
Systems
Punjab Gramin Bank supports all major RBI-regulated payment systems. Learn about NEFT, RTGS, IMPS, and NACH to choose the right method for your transfer.
PGB IFSC Code
PUNB0PGB003Use for NEFT · RTGS · IMPS transfers
4
Payment Modes
24×7
IMPS & NEFT
Punjab Gramin Bank · IFSC Code
PUNB0PGB003Use this IFSC code when receiving NEFT, RTGS, or IMPS transfers into any PGB account.
● RBI-Regulated Systems
Payment Methods Explained
NEFT
Batch-based · Scheduled SettlementNational Electronic Funds Transfer
NEFT operates on a Deferred Net Settlement (DNS) basis, settling transactions in batches every hour. All transactions received before a cut-off time are netted together — payables and receivables — and settled collectively.
Settlement
Half-Hourly Batches
Min Amount
No Minimum
Max Amount
No Limit
Availability
24×7 (incl. holidays)
RTGS
Real-Time · Individual SettlementReal Time Gross Settlement
RTGS enables continuous, real-time settlement of fund transfers individually on an order-by-order basis. Funds settlement occurs in the books of the Reserve Bank of India, making payments final and irrevocable the moment they are processed.
Settlement
Real-Time
Min Amount
₹2 Lakhs
Max Amount
No Limit
Availability
24×7 (incl. holidays)
IMPS
Instant · 24×7 · Year-RoundImmediate Payment Service
PGB IMPS facilitates instant interbank fund transfers on a 24×7 basis throughout the year. Funds can be transferred using either MMID & Mobile Number, or Account Number & IFSC. Available every day including Sundays and bank holidays.
Settlement
Instant
Min Amount
₹1
Max Amount
₹5 Lakhs
Availability
24×7 · 365 Days
NACH
Automated · Repetitive · High-VolumeNational Automated Clearing House
NACH is a centralised funds clearing platform set up by NPCI, similar to RBI's ECS. NACH Debit and NACH Credit facilitate interbank high-volume, low-value repetitive transactions electronically — ideal for recurring payments like EMIs, salaries, and dividends.
Settlement
T+1 / Same Day
Type
Debit & Credit
Platform
NPCI
Use Case
Recurring Payments
● At a Glance
Quick Comparison
| Feature | NEFT | RTGS | IMPS | NACH |
|---|---|---|---|---|
| Settlement | Half-Hourly Batches | Real-Time | Instant | T+1 / Same Day |
| Min Amount | No Minimum | ₹2 Lakhs | ₹1 | As per mandate |
| Max Amount | No Limit | No Limit | ₹5 Lakhs | As per mandate |
| Availability | 24×7 · 365 days | 24×7 · 365 days | 24×7 · 365 days | Working days |
| Best For | Regular transfers | High-value urgent | Instant/holidays | Recurring/bulk |
⚠ Security Notice
Stay Safe While Transferring Funds
Always verify the beneficiary account number and IFSC before initiating any transfer. Transactions once processed via RTGS and IMPS are final and irrevocable. Punjab Gramin Bank will never ask for your OTP, PIN, or credentials to process a transfer. Report suspicious activity to 1800-180-7777 immediately.