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

How to Check IOB (Indian Overseas Bank) Balance Via Toll-Free Number, Mobile Banking, ATM

| Indian Overseas Bank Balance By Balance Check Number | 9210622122 | | --- | --- | IOB, or Indian Overseas Bank, is another name for one of India's most prominent state-owned banks. This bank was founded in the 1930s. IOB was one of 14 major banks controlled by the Government of India at the time of its nationalization. By 2022, the bank will have about 3,200 domestic branches, four overseas branches, and one representative office. The bank offers a wide range of services both online and in branches. You can check account balances, pay bills, get mini-statements, and check bankbooks using your bank's SMS, call, and app services. This article describes different ways to check your IOB account balance. There are 6 different ways through which you can check the IOB bank balance. These methods include checking bank balance by IOB balance check number, mobile banking, internet banking, SMS, ATM, passbook UPI and USSD. Lastly, we will be talking about why you should check your IOB bank balance. Let's talk about these methods in detail.

Central Bank of India (CBI) Net Banking - Login, Registrations, & Online Banking

Founded in 1911, Central Bank of India is one of the oldest public sector bank in india with an asset base of ₹369,214.99 crore (FY2021). Headquartered in Mumbai, the bank has a strong domestic presence with ~ 4528 ( as on December 2021) branches spread across rural and semi-urban areas within India. As a public sector undertaking, the Government continues to remain the majority stakeholder with its share pegged at 93.08% (as on June 30, 2021.). Central Bank offers net banking services to all its registered customers through its web portal, https://www.centralbank.net.in It has an exhaustive portfolio of online services comprising: Check account Balance and Download account statement. Facility to generate customised account statements Tax payments Online application of [IPO](https://upstox.com/ipo-initial-public-offering) Online Aadhar registration Online payment of credit cards Multi utility fee collection E-Filing of ITR returns Transaction profile setting Term deposit account modelling & opening DeMAT enquiry Fund Transfer: Own account, within Bank, Other Bank through [NEFT](https://upstox.com/banking/what-is-neft-meaning-timings-full-form-charges-and-how-to-transfer-money/)/[RTGS](https://upstox.com/banking/what-is-rtgs-meaning-full-form-timings-charges-and-transfer-limit/)/[IMPS](https://upstox.com/banking/what-is-imps-meaning-full-form-charges-limits-and-how-to-transfer-money/) Hotlisting of [ATM Cards](https://upstox.com/banking/what-is-atm-card-how-to-use-an-atm-card-first-time-apply-online/) Online Locker request Registration for [PMJJBY](https://upstox.com/saving-schemes/pradhan-mantri-jeevan-jyoti-bima-yojana-pmjjby-scheme-details/) / [PMSBY](https://upstox.com/saving-schemes/pradhan-mantri-suraksha-bima-yojana-pmsby/) Registration for [ Atal pension yojna](https://upstox.com/saving-schemes/atal-pension-yojana-apy/). PMNRF Donation Cheque book Request Stop Cheque request Donation

5 Smart Financial Tips for Young Adults

Summary: Your 20s and 30s are a crucial time to start building a strong financial future. By making smart money decisions now, you can set yourself up for success later in life. In this blog post, we'll share five essential financial tips for young adults, including budgeting, saving, investing, and retirement. Money management secures your future, whether that's covering an unexpected bill or saving for a significant purchase. It involves budgeting, saving, and investing – essential skills for a stable financial future that are frequently overlooked in education. This blog will guide you through five practical financial tips that are simple to understand and apply. So, let's get started. Top 5 personal financetips for young adults Handling your money well is key—it's what keeps you secure when life throws surprises and helps you grow your savings for the future. It's about saving where you can, investing with a plan, and not spending more than what comes in. Nailing these basics can turn things around for you. So here they are, the top five financial tips for young adults: - Create a budget and track your expenses Budgeting is about tracking your income and expenses to make sure you spend less than you earn. It's creating a plan for your money, so you're in control of where it goes. Let's say you bring home INR 30,000 a month. You might allocate INR 10,000 for rent, INR 7,000 for food, and INR 3,000 for travel. Out of what’s left, you could put INR 5,000 into savings for emergencies or future goals, and the remaining INR 5,000 could cover your mobile plan, internet, or a weekend outing. This way, you've got your expenses covered, your savings on the rise, and still keep some money aside for leisure and unexpected needs. It's about making intentional choices so that you can balance today's needs with tomorrow's plans. - Start saving today Saving helps you build an [emergency fund](https://upstox.com/market-talk/emergency-fund-101-how-to-start-and-why-its-crucial-for-your-finances/), a cushion of money for unexpected expenses or emergencies. It also enables you to reach your short-term and long-term goals, like buying a car, going on holiday, or starting a business. A good rule of thumb is the 50/30/20 strategy. After you've covered your necessary expenses, 50% of your income, allocate 20% directly to your savings. For a monthly income of INR 30,000, that's INR 6,000 going into your savings each month. You can channel these funds into [mutual funds](https://upstox.com/learning-center/mutual-funds/the-basics-of-mutual-funds/), which often yield higher returns over time compared to a regular savings account. The remaining 30% of your income can then be used for discretionary expenses. By sticking to this rule, you automatically prioritise your financial future every month, steadily building a fund that can support big life events or tide you over during tough times. - Invest your money wisely Investing allows your money to actively work for you by acquiring assets that may generate income or appreciate over time. It's a handy way to grow your funds, beat inflation, and hit major milestones like buying a house, funding your studies, or setting up a cosy retirement. Take mutual funds, for instance. You can start small with SIPs from INR 500 and gradually build a mixed bag of investments. If you're not big on taking risks, a balanced mutual fund could be your thing, offering a steady blend of stocks and bonds. Make sure your investment picks match how much risk you're okay with, how long you plan to invest, and what you're hoping to achieve financially. - Plan your retirement ahead Retirement may feel like a dot on the horizon, but the earlier you begin, the better off you'll be. Consistently contributing a manageable amount, say INR 2,000, to a retirement plan like the [NPS](https://upstox.com/saving-schemes/nps-national-pension-scheme-india/), each month can amass a substantial sum over the years. This is where compounding comes into play – the interest you earn starts earning interest of its own, and over time, this growth accelerates. So, by starting in your 20s, you give your savings the longest possible time to expand, ensuring you a more comfortable and financially secure retirement. - Understand taxes Familiarising yourself with tax-saving opportunities, like investing in the [public provident fund (PPF)](https://upstox.com/saving-schemes/public-provident-fund-ppf-interest-rate/) and [equity-linked savings schemes](https://upstox.com/learning-center/mutual-funds/what-is-elss-and-how-to-invest-in-elss/) (ELSS) under Section 80C, can make a big difference to your finances. For those in a higher tax bracket, directing up to INR 1.5 lakh into a PPF can significantly cut your taxable income. This astute handling of taxes ensures you're not just meeting legalities but also retaining more income for your aspirations. Your best investment is in your financial education. Stay informed about financial products and market trends. This doesn't mean you need to become an expert overnight but understanding the basics of investments, insurance, and savings will help you make smarter decisions. Wrapping up: Key points to remember - Begin with small investments and increase over time, balancing risk with a mix of assets for long-term growth. - Small, regular contributions to a retirement fund can grow significantly, thanks to compounding interest. - Investing in options like PPF and ELSS can reduce taxable income and maximise savings. Note: To help plan your trading activities and investment strategies, find here the [NSE Holidays 2023](https://upstox.com/stocks-market/nse-holidays-2023/), [BSE Holidays 2023](https://upstox.com/stocks-market/bse-holidays-2023/), [MCX Holidays 2023](https://upstox.com/stocks-market/mcx-holidays-2023/), and [Muhurat Trading 2023](https://upstox.com/stocks-market/muhurat-trading-2023/). Also see here to know more about the [stock market timings](https://upstox.com/stocks-market/nse-bse-share-market-timing-in-india/).

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.