Public Financial Management System (PFMS) is an initiative of Ministry of Finance, Govt. of India which provides a web based application 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.

PFMS established a common platform for complete tracking of fund flows from the Central Government to large number of programme implementing agencies, both under Central Government and the State Governments till it reaches the final intended beneficiaries by its interface with all the Banks and State Treasuries. PFMS thereby enables real time monitoring of disbursements and utilization of funds which in turn provides a sound Decision Support System across Ministries and Departments of Government of India.


The Departments of Central Government, Central Government PSU, State Government PSU, Statutory Bodies, Local Bodies, Trusts, Registered Societies, State Govt institutions and Individuals eligible for receiving grant in aids from GoI for running various Government schemes can open their accounts in our Bank for using PFMS channel for their payments to vendors/beneficiaries.

  • Our Bank has successful integration with PFMS system of the Ministry to route various payments of more than two lakh Government agencies’ accounts registered under PFMS PAN India.
  • The State agencies can open their accounts in any of the branch of our Bank to process their payments using REAT (Receipts, Expenditure, Advance and Transfer) module of PFMS
  • 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 maintaining NIL pendency under all Key Performance Indicators (KPIs).
  • Quick validation of accounts on the same day once registered under PFMS i.e. of State agencies as well as beneficiaries’ and vendors along with their bank accounts, of all agencies receiving plan funds at all tiers of operation.
  • 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) and also new feature of Electronic PPA (ePA) for the agencies.
  • Our system supports all the major scheme types i.e. DSC, PPA, REAT,NREGA, PMKISAN,PAHAL etc.
  • Our PFMS system is also successfully handling large volume of payments of various Gram Panchayats/Panchayati Raj Institutions (PRIs) PAN India through integration of eGramSwaraj software with PFMS (eGSPI) and various payments of Finance Commission under PRIASoft (Panchayati Raj Institutions Accounting Software) –PFMS interface (PPI).
  • The Payment channels supported are NPCI’s NACH , RBI’s NEFT and RTGS.
  • More than 500 DBT and non DBT Centrally and State Sponsored schemes are being processed by our Bank.
  • Our bank is an accredited bank for Ministry of IT, Ministry of Steel and Ministry of Skill Development and process their various types of PAO payments like Salary, vendor Payments, Gratuity, etc., through us.
  • Our Bank also provides a user friendly customized Web Dashboard/MIS portal to the Govt. agencies for checking the status of their transactions in real time.