[PDF] PNB Bank RTGS Form PDF Download | PNB NEFT Form

We provide a direct link for you to download the PDF form of PNB RTGS/NEFT application. Click below to download the application for RTGS / NEFT.

PNB RTGS forms are used to transfer money to another bank account. The RTGS form allows customers to transfer funds upto Rs 2 lakh. You can transfer funds of less than 2 lakhs to any account through the PNB NEFT Form. Transferring money between banks is possible with the RTGS and NEFT forms. It must be filled. We provide information about the PNB Bank RTG / NEFT Form in this article.

PNB RTGS /NEFT Form PDF

Download Application Form For RTGS/NEFT Formula PNB

ArticleRTGC/NEFT PDF Formula
BankPNB
BeneficiaryBank Customer
LanguageEnglish
Official WebsiteClick Here
Download the PDF FormDownload Here

When filling out the PNB RTGS or NEFT forms, please follow the steps below.

There are two parts to the NEFT / RTGS Form. The right section is for sender and beneficiary details, while the left is for customer copy.
When sending RTGS / NEFT, customers must fill out information such as sender account details and beneficiary account details, beneficiary bank IFSC codes, and total amount transfer.
The bank will complete the transaction and then do the “branch only” section. Here they will mention the transaction ID.
The amount required for RTGS must be Rs. Not less than 2,00,000.

Note: How did you find the information provided by us? Please comment in the box. For any other type of PDF form information, stay tuned to our website applicationformpdf.com. We are grateful

Punjab National BankAbbreviated asPNBIndians call it a “Indian”Nationalized bank. Its headquarters is in New Delhi, India. It is part of theOwnershipOfMinistry of Finance?Government of India. It was established in May 1894. The bank is India’s third-largest government-owned bank, in both its business volume and its network. It has more than 180 million customers and 12,248 branches.ATMs[5][3]

PNB has a UK banking subsidiary (PNB International Bank), with seven branches in the UK, as well as branches located in Hong Kong, Kowloon and Dubai. It also has representatives in Almaty, Kazakhstanstan, Dubai (United Arab Emirates), Shanghai China (China), Oslo Norway (Norway) and Sydney Australia (Australia). In Bhutan it owns 51% of Druk PNB Bank, which has five branches. PNB holds 20% of Everest Bank Limited in Nepal, which has 50 branches. PNB also owns 41.64% in JSC (SB), PNB Bank Kazakhstan, which has four branches.

Contents

  • 1History
    • 1.1Timeline
    • 1.2Punjab National Bank Fraud Case, 2018
    • 1.3Punjab National Bank Fraud Case, 2019
  • Acquisitions and mergers
    • 2.1Amalgamation
  • 3Listings and shareholding
  • 4Subsidiaries
  • 5Employees
  • 6PNB CSR Initiatives
  • 7See also
  • 8References
  • 9Sources
  • 10External links

History[edit]

The Punjab National Bank, a PSU, is under the union Government of India. It is regulated by the Reserve Bank of India Act of 1934 and Banking Regulation Act of 1949. The Indian Companies Act of 1894 registered Punjab National Bank. Its office is located in Anarkali Bazaar in Lahore in Pakistan. In its early years, the founding board included members from various parts of India, with different religious backgrounds and different background. The first meeting of the board was held on 23 May 1894. [1] The bank officially opened in Lahore on 12 April 1895.

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PNB is the first Indian bank to have been started solely with Indian capital that survives to the present earlier Oudh Commercial Bank was established in 1881, but failed in 1958.

Mahatma Gandhi (Jayahar Lal Naehru), Jawahar Lal Shastri, Lal Bahadur Shastri and Indira Gandhi have all had PNB accounts. [1]

Timeline[edit]

PNB ATM at Moolchand Metro Station of Delhi Metro, Delhi

PNB opened its first branch in India outside of Lahore, India in 1900. Following this, branches were established in Karachi (or Bhugwan) and Peshawar. The next major event occurred in 1940 when PNB absorbed Bhagwan (or Bhugwan) Dass Bank, which had its head office in Dehra.

At the Partition of India and the creation of Pakistan, PNB lost its premises in Lahore, but continued to operate in Pakistan. Partition forced PNB to close 92 offices in West Pakistan, one-third of its total number of branches, and which held 40% of the total deposits. PNB maintained a few temporary branches. PNB decided to leave Lahore on 31 March 1947. This was even before Partition. It received permission from Lahore High Court 20 June 1947. The new office was established at Under Hill Road, Civil Lines, New Delhi. Lala Yodh Raj was Chairman of the Bank.

PNB purchased the 39 branches of Bharat bank (est. 1951). 1942 Bharat Bank became Bharat Nidhi Ltd. PNB moved its headquarters from Calcutta, India to Delhi in 1960. PNB purchased Universal Bank of India in 1961. It was established by Ramakrishna Jain in 1938 in Dalmianagar in Bihar. PNB also merged Indo Commercial Bank (est. 1932 by S. N. N. Sankaralinga Iyer) in a rescue. In 1963, the Burmese revolution government nationalized PNB’s branch at Rangoon (Yangon). This was People’s Bank No. 7.[8] In September 1965, the government of Pakistan took control of all Indian bank offices in Pakistan. PNB also owned branches in East Pakistan (Bangladesh)

The Government of India (GOI) nationalised PNB and 13 other major commercial banks, on 19 July 1969. PNB opened its first branch in London in 1976 or 1978. After a fraud scandal at the London branch, PNB was asked by the Reserve Bank of India to transfer it to the State Bank of India in 1986. PNB also acquired Hindustan Commercial Bank (est. 1943) as a rescue. This acquisition added 142 branches of Hindustan to the network of PNB. In 1993, PNB acquired New Bank of India, which the GOI had nationalised in 1980. In 1998 PNB set up a representative office in Almaty, Kazakhstan.

PNB acquired Nedungadi Bank in 2003, making it the oldest private sector bank of Kerala. Nedungadi Bank shares were worthless at the time of merger with PNB. This meant that shareholders did not receive any payment for their shares. PNB also opened an office in London. PNB also opened a branch in Kabul (Afghanistan), a Shanghai representative office, and another one in Dubai. PNB also established an alliance with Everest Bank Limited in Nepal that permits migrants to transfer funds easily between India and Everest Bank’s 12 branches in Nepal. PNB currently owns 20% Everest Bank. PNBIL (Punjab National Bank International) was established in the UK two years later. It has two branches, one in London and one in Southall. It has since opened additional branches in Leicester, Birmingham and Ilford, Wembley and Wolverhampton. PNB also opened an office in Hong Kong. PNB opened a representative office at Oslo, Norway, in January 2009. PNB plans to make this a branch. In January 2010, PNB established a subsidiary in Bhutan. PNB holds 51% of Druk PNB Bank. It has branches in Thimpu and Phuentsholing as well as Wangdue. The remaining shares are held by local investors. PNB then opened its Dubai branch on the 1st of May. PNB bought a minority stake in Kazakhstan’s JSC Danabank, which was established in Pavlodar on 20 October 1992. PNB acquired a small minority stake in JSC Danabank, which was established in Pavlodar on 20 October 1992. Its ownership grew to 84% by the end of the year. The share is currently at 49%. JSC Tengri Bank, the Kazakhstan associate, has branches in Almaty and Nur-Sultan as well as in Karaganda and Pavlodar. September 2011: PNB opened a representative office in Sydney, Australia. December 2012: PNB signed an agreement with US based life Insurance company Metlife to acquire a 30% stake in MetLife’s Indian affiliate MetLife India Limited. The company would be renamed PNB MetLife India Limited and PNB would sell MetLife’s products in its branches.[9][10][11][12]

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Punjab National Bank Fraud Case, 2018[edit]

In February 2018, Punjab National Bank revealed that fraudulent transactions totaling $1.77 Billion were detected at one of its branches. [13][14]

Punjab National Bank Fraud Case, 2019[edit]

In July 2019, Punjab National Bank detected another fraud, worth Rs3,805.15 crore (US$533 million) by Bhushan Power & Steel Ltd (BPSL).

Mergers and acquisitions[edit]

NumberAcquisition dateCompanyLocalizationPriceRefer to
11951Bharat Bank Ltd.New Delhi, India
21961Universal Bank of IndiaDalmianagar, Bihar, India
31962Indo-Commercial BankIndia
41986Hindustan Commercial BankIndia
51993New Bank of IndiaNew Delhi, India
62003Nedungadi BankKozhikode, Kerala, India
72020Oriental Bank of CommerceUnited Bank of IndiaGurugram (Head Office)Kolkata (Head Office)[15]

Amalgamation[edit]

On the 30th of August 2019, Nirmala Sitharaman, Finance Minister, announced that the Oriental Bank of Commerce (and United Bank of India) would be merged into Punjab National Bank. With assets of Rs17.95 crore crore (US$250billion) and 11437 branches, Punjab National Bank [16] would be the second-largest public sector bank in India. The Union Cabinet approved the merger approval on March 4, 2020. PNB announced the approval of the merger ratios by its board the following day. PNB announced that its board had approved the merger ratios the next day.

Listings and shareholding[edit]

PNB’s equity shares can be listed on Bombay Stock Exchange or the National Stock Exchange of India.[21][22] The CNX Nifty at NSE is also a constituent.[23]

Shareholders as of 31 December 2019, [24]Participation
Govt. India83.2%
FIs/Banks/Insurance5.6%
Resident Individual5.7%
Mutual Funds2.3%
Foreign Institutional Investors, (FIIs),2.2%
Other1.1%
Total100.0%

Subsidiaries[edit]

[25]

  • PNB Housing Finance Ltd.
  • PNB Metlife India Insurance Company Co. Ltd.
  • PNB Investments Services Ltd.
  • PNB (International) Ltd.
  • PNB Gilts Limited
  • PNB Cards and Services Ltd.
  • Druk PNB Bank Ltd.
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Employees[edit]

The bank had 70 810 employees as of 31 March 2019. As of 31 March 2019, it also had 1722 employees with disabilities on the same date (2.43%). *[2]* The average age of bank employees on the same date was 39 years. *[3]* Bank employees were 39 years old at the time.

PNB CSR Initiatives[edit]

CSR activities such as farmer training, tree planting, blood donation camps, medical camps, and medical camps cost the bank Rs3.24 crores. [10]

PNB spent Rs 2,954.15 lakhs on CSR projects for the fiscal year 2018-2019. PNB Ladli is one of many initiatives that started in 2014. This scheme was created to encourage education in rural / semi-urban girls.[26]

PNB also took the initiative to donate to the CM relief fund for Kerala, and Kumbh Mela during 2018-19. [26]

PNB initiated Rs1,851.41 RSETIs for FY18-19. [26]

PNB Hockey Academy was also established to support young Indian talent.

See also[edit]

  • iconBanks portal
  • Banking in India
  • List of banks in India
  • Reserve Bank of India
  • Indian Financial System Code
  • List of largest banks
  • List of companies of India
  • Make in India

References[edit]

  1. ^Jump up to:A b c d “Origin of PNB.”. Punjab National Bank. Retrieved fromOriginalRetrieved 13 February 2011. Retrieved 18 Feb 2014.
  2. ^ “History of PNB”. NDTV.com Retrieved 18 Feb 2014.
  3. ^Jump up to:A b c “Bank Merger News”: The Government announces massive bank mergers in order to boost growth from a 5-year low.The Times of India. 30 August 2019. Retrieved February 2, 2020.
  4. ^ “Board of Directors”.
  5. ^Jump up to:A b “Mergers of 10 public-sector banks to take effect today: 10 points.Livemint. 31 March 2020. Retrieved 2 April 2020.
  6. ^Singh Majithia (1994).
  7. ^Tandon (1989).
  8. ^ Turnell (2009), p.226.
  9. ^ “Punjab National Bank purchases 30% of Metlife; company to be rebranded”.The Indian Express. 4 January 2013. Retrieved 18 Feb 2014.
  10. ^Jump up to:A b c d “Annual Report 2012-13″(PDF). PNB. Retrieved 18 Feb 2014.
  11. ^ “Financial Information for Punjab National Bank”.Hoover’sRetrieved 18 February 2014. Retrieved 18 February 2014.
  12. ^ “The World’s Biggest Public Companies.”.Forbes.
  13. ^ “$1.8 billion in India Bank Fraud Rakes Fears of Ripple Effects.The New York Times.
  14. ^ “PNB Bank Fraud: CBI Registers Three Cases involving More Than Rs120 Cr”.The Hindu. 12 June 2020.
  15. ^ “PNB is now India’s second-largest PSB, after SBI, as a result of the amalgamation with United Bank. OBC comes into effect..DNA India. 1. April 2020. Retrieved 2 April 2020.
  16. ^ “Punjab National Bank completes a year of integration”.www.timesnownews.com.
  17. ^Staff Writer (30 Aug 2019).”10 banks of the public sector to be merged into 4″.MintRetrieved 30 August 2019. Retrieved 30 Aug 2019.
  18. ^ Ghosh, Shayan (5 March 2020).”Three banks announce merger rates”.Livemint. Retrieved 6 March 2020.
  19. ^ “Merged entity UBI, PNB and OBC will become operational on April 1, 2020”.Business TodayRetrieved 14 September 2019. Retrieved 14 September 2019
  20. ^ “Merged entity UBI, PNB and OBC will become operational starting 1 April next year.”.Mint. 14 September 2019. Retrieved 14/09/2019
  21. ^ “Punjab National Bank”. BSEindia.com. Retrieved 18 Feb 2014.
  22. ^ “Punjab National Bank”NSE India. NSE India. Retrieved 18 Feb 2014.
  23. ^ “Download the List of CNX Nifty stocks -.csv”NSE India. NSE India. Retrieved 18 Feb 2014.
  24. ^ “Financials Current | Financial Disclosure – Punjab National Bank”.www.pnbindia.in. Retrieved 9 March 2020.
  25. ^ “Joint Ventures.”.pnbindia.in. Retrieved 9 March 2020.
  26. ^Jump up to:A b c d [1]

Sources[edit]

  • Gopal, Madan (1994). “The Nation’s Bankers”Dyal Singh Majithia. New Delhi: Publ. New Delhi: Publ. India.ISBN 81-230-0119-3.
  • Tandon, Prakash (1989).The banking century: A brief history of Indian banking & the pioneer, Punjab National Bank. New Delhi, India: Viking.ISBN 978-0-670-82853-1.
  • Turnell, Sean (2009) Fiery Dragons – Banks, Moneylenders, and Microfinance in Burma. (NAIS Press). ISBN 9788776940409

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