April 26, 2023

Punjab National Bank - (PNB) SMS Banking

  • You are on the edge of a step, 'be watchful buddy' says a passerby
    • You are reversing your car, you hear a beep, an alert, as the sensors mounted on the rear bumper sense objects in its path.
All of us have experienced these 'nudges' in our everyday lives, haven't we?
  • Let us say you have used your debit card for say e-commerce or at a PoS or for netbanking transactions. Wouldn't it be useful, if your bank sends you an SMS alert immediately after your debit card transaction?
  • Your monthly credit card payment is due, wouldn't it be useful, if your bank sends an SMS alert on the dues outstanding and the credit card balance available?
  • You are tempted to make an impulse purchase, you just want to view your account statement.

What if your bank sent your mini account via SMS alert?

  • You are in a zone where access to uninterrupted internet connection is a bit of a challenge. You are eager to know if your salary cheque has been credited to your account.
  • Wouldn't it be helpful if your bank sent you an SMS alert, letting you know about the details of the amount credited to your account?
  • You don't like the buzzing sound of SMS alerts and the urge to view them each time you receive one. Wouldn't you like to turn off the SMS alert facility as per your convenience?
  • You are so deeply involved in your routine life chores that you keep forgetting to change your online password as necessary practice to safeguard your account from potential cyber security hazards. Wouldn't a gentle reminder, SMS alert be helpful?
  • As a joint account holder, you want to take a quick look at the series of ' large ticket' impulse purchases made by your teenage child who is accessing your debit card frequently. Large ticket SMS alerts would allow you to correct the overspending behaviour before it is too late.
Welcome to SMS banking services, a channel which allows customers to avail a range of services by simply sending a text message from their registered mobile number.
From enquiring about your account balance to viewing your mini account statement to transferring funds to making cheque book requests and much more, SMS bank alerts give you real-time updates , a nudge, so that you know exactly what’s going on inside your bank account.
Consequently, you are in better control of your finances and can make informed financial decisions.
As a caveat, always ensure that the SMS alerts you receive on your registered mobile number are being communicated directly by your bank and your bank only.
In case of suspicion, get in touch with the customer care help desk at your bank's branch.
So basically, the advantages of the SMS banking channel are clearly evident, be it 247365 availability or its convenience or the ease with which one could use it.
However, if you say your phone gets lost/stolen, there is a risk of your account related sensitive data getting misused.

Are you now tempted to register for SMS banking?

Let us take an empirical example of Punjab National Bank ( PNB) SMS banking to understand the nuances of the process.
To begin with, get your mobile number registered at the nearest PNB Branch. Once this is done, all you have to do is send a SMS to 5607040 with the specified keyword.
You can access the SMS banking facility through PNB MobiEase which is an android app for PNB Bank.
Let us take a look at the keyword format to fulfil SMS based banking transactions.
  • Say for example: For Balance Enquiry, you need to type BAL space followed by your 16 digit account number.
BAL 161307XXXXXXXXXX
  • To Self-Transfer Funds
SLFTRF 161307XXXXXXXXXX
17261527XXXXXXXX 1800
  • Request for a mini statement
MINSTMT 161307XXXXXXXXXX
  • Enquiry for cheque status
CHQINQ 124325 161307XXXXXXXXXX
  • To stop payment of a cheque
STPCHQ 123451 161307XXXXXXXXXX
  • Request for a new cheque book
CHKBK 161307XXXXXXXXXX HYTEJQUEY 30
  • Change SMS password
CHNGPWD PASSWORD NEW SMS PASSWORD
So basically, you can avail these services by just typing the keywords in a predefined format ( as described above) snd simply send an SMS @ 5607040.

Frequently Asked Questions (FAQs):

Q. How can I transfer funds using PNB SMS Banking?

As an active account holder with PNB, you just need to type the keywords ( pre fixed format) send it to 5607040 to avail fund transfer facility
For example: Type the keyword, SLFTRF from account number to account number AMC.
You can also SMS “PNB PROD” to 5607040 to avail the list of services offered by the PNB SMS Banking.

Q. Is there a fund transfer limit via SMS ?

Yes, there is a maximum daily threshold limit of ₹5000/- for self transfer of funds via the SMS banking channel. In case of pension account, the threshold amount is ₹1000/-

Q. What are the charges for PNB SMS Alerts?

Customers with savings accounts with PNB are liable to pay SMS alerts service charge of ₹15 per quarter + service tax.
Other than savings accounts, the service charge for SMS alerts is ₹25 per quarter + service tax.
Student account, senior citizen account, mitra account, staff and ex-staff account, accounts under PMJDY and basic saving deposit accounts are exempted from the above charges.

Q. What is 'PNB sleep easy' ?.

If you're concerned about the security of your password, you can avail the ' PNB slèep easy' facility which essentially disables the net banking/mobile banking password when not in use.
Just send an SMS, BLOCK IBS to 92640 92640 or 5607040 for retail net banking users or BLOCK MBS to 92640 92640 or 5607040 for mobile banking users.
Subsequently, you could enable your password yet again with a single click.

Never miss a trading opportunity with Margin Trading Facility

Enjoy 2X leverage on over 900+ stocks

Upstox Margin Trading Facility
Apple Logo
Downloadlogo
iOS App
Google Play Logo
Downloadlogo
Android App

RELATED ARTICLES

What is Bearer Cheque and How to Write: Meaning, Withdrawal Rules, and Limit

A bearer cheque entitles the person who submits it to the bank to withdraw the money. While visiting a bank, we often notice customers at various counters, out of which some of them are dealing with cheques. But do we ever pause and wonder what type of cheque they are filling or submitting? Mostly we don’t! Either we are in a rush for getting our work done at the bank counter or we have no time or interest to know. The banking industry, to which we are connected directly or indirectly is a huge sphere and it is updated with information and services at a rapid speed. Right from bank accounts, types of cheques, fixed deposits, investments to types of loans, digital gold and more, you can sure to never miss out on up-to-date knowledge available at digital medias or at the bank if visited in person. A common man often deals with just the basic activities at the bank, the actions may involve opening a bank account, handling a bearer cheque, depositing cash or such related banking tasks which are simple to understand and even to execute. Speaking about cheques, there are many types of cheques which include- post-dated, self, order, crossed, traveller's, bankers and so on. Each of these have its distinct characteristics but let’s begin by talking about just one. We have often over-heard discussions among colleagues and friends of what is bearer cheque meaning, though most of us have dealt with this at least once in our life.

What is Bank Overdraft Facility , Meaning and Interest Rates

Overdraft is a credit facility that allows you to withdraw funds from your current or savings account even if your bank balance is zero. Many financial institutions, including banks, provide this feature. An overdraft facility is a short-term loan that must be repaid within the time frame specified by the lender. This guide explains what is overdraft and how it works.

Which is the Best Banks for Personal Loans Providers in India

There are different types of personal loans in India. They can be used for varied purposes, ranging from debt consolidation, home improvement, to cover unforeseen expenses. Unlike secured loans such as auto loans or mortgages, personal loans are unsecured and do not require collateral.

What is Bank Statement - How to Get Bank Statement Online & Download

- Would you like to know your account opening and closing balance amount, say at the end of every month? - Would you like to know the details of all your financial transactions such as deposits, withdrawals, transfers, service charges, etc? - Would you also like to know and keep a tab on any unauthorized transactions, besides keeping a closer watch on your expenses? - Would you also like to know if there have been any uncashed cheques or if you have made any payments twice to the same entity or whether there are discrepancies in your opening and closing balance? Welcome to the concept of a Bank statement, issued by banks to all its account holders at periodic intervals across various channels such as mail, email, SMS etc. It is a simple, yet profound way of recording every transaction not only helps you in managing your finances, it also lets you locate the red flags. Akin to the traditional bahi khata, the book reflects your transaction details, both cash inflows, and cash outflows, over a period of time. This kind of record keeping is super helpful as you know your book balance at the end of the day, you are aware of all transfers, and withdrawals and you also know the details of deposits and payments that have been made. So basically, your book tells you from where your money has come and where the money has gone/ spent. All financial entities typically maintain records of all their customers for at least a period of five years.