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Public Financial Management System

Public Financial Management System

  • Public Financial Management System (PFMS) is an initiative of Ministry of Finance, Govt. of India which provides a platform for e-payment of Direct Benefit Transfer (DBT)/ Non DBT payments for both Aaadhar based & Non- Aaadhar based bank accounts with the objective of bringing transformational accountability and transparency in the Government Financial Management Systems and promoting overall good governance in India.
  • Our Bank has successful integration with PFMS system of the Ministry to route various type of payments of Government agencies.
  • Our PFMS System is one of the robust and well accepted system which supports all type of PFMS payment methods including DSC (Digital Signature Certificate) & PPA (Print Payment Advice).
  • We play an important role being a Sponsor as well as a Destination Bank by opening of agency accounts, processing payments through PFMS and providing credit to beneficiaries' accounts in defined timelines by the Ministry.
  • Our bank is an accredited bank for Ministry of IT, Ministry of Steel and Ministry of Skill Development and process their various types of payments like Salary, vendor Payments, Gratuity, etc., through us.