Introduction:

Punjab National Bank (PNB) offers an efficient way to add beneficiaries to your online banking platform, facilitating seamless fund transfers between bank accounts. This feature enables customers to easily transfer funds to friends, family, or business contacts.

With a widespread network of over 6,900 branches and 9,500 ATMs nationwide, PNB serves more than 80 million account holders, reinforcing its position as a trustworthy financial institution.

To add a beneficiary to your PNB account, follow these straightforward steps on the online platform:

1. Visit the PNB online banking platform at www.netpnb.com. Select the appropriate button — 'retail user' for savings accounts or 'corporate user' for business accounts.
2. Log in securely with your user ID and password.
3. Be cautious when entering your password to avoid login problems from multiple incorrect attempts.
4. Navigate to the "Transactions" section and choose "Manage Beneficiary" from the dropdown menu.
5. Select 'Add NEFT Payee' if the beneficiary is outside PNB, or the appropriate option for PNB account holders.
6. Click 'Ok' to proceed.
7. Fill out the beneficiary's account number and assign a nickname.
8. Verify the account details and choose between Global or Local access.
9. Input the IFSC code for the beneficiary's bank branch.
10. Set transaction limits and enhance security by entering a transaction password. Click "submit" to move forward.
11. Select the beneficiary from the list, click "confirm," then enter the OTP sent to your registered mobile to finalize the process.

These steps successfully add a beneficiary to your PNB bank account, allowing for easy fund transfers across banks in India using described methods.

In summation, PNB account holders can easily add both PNB and non-PNB beneficiaries to streamline fund transfer processes.

*[UPI]: Unified Payments Interface

*[RTGS]: Real-Time Gross Settlement

*[NEFT]: National Electronic Funds Transfer

*[IMPS]: Immediate Payment Service

*[PPF]: Public Provident Fund

*[PMJJBY]: Pradhan Mantri Jeevan Jyoti Bima Yojana

*[PMSBY]: Pradhan Mantri Suraksha Bima Yojana

*[APY]: Atal Pension Yojana

*[SIP]: Systematic Investment Plan

*[OD]: Overdraft