I mostly transfer money after office hours, so can someone tell me what the exact NEFT and RTGS timings are in Punjab National Bank (PNB), and whether the transfers go through instantly at night and on holidays or stay pending until the next working day?
I remember searching this once when I needed to send money late in the evening.
Timing of NEFT and RTGS in Punjab National Bank (PNB)
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NEFT: This also works 24/7 and earlier money was sent in batch cycles but now there are no fixed time slots. It can be done on holidays and after bank hours. There is no minimum limit and the maximum limit depends on the account type.
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RTGS: It works 24/7 by net banking and mobile app, whereas by branch it usually works between 10 AM to 4 PM on working days. Online RTGS also works on weekends and holidays.
PNB NEFT vs RTGS Availability
| Service | Online (App/Net Banking) | At Bank Branch | Minimum Amount | Works on Holidays? |
|---|---|---|---|---|
| NEFT | 24×7 | Only branch hours | No minimum | Yes (online) |
| RTGS | 24×7 | Only branch hours | ₹2,00,000 and above | Yes (online) |
*Branch timing may slightly vary by location.