The PNB customers can rejoice as the bank has launched its UPI app well before the SBI. You can easily find ‘PNB UPI app’ in the Google play store. Name of the app is very easy to remember. It is just PNB UPI app. This android based UPI app is as efficient as other UPI apps. The PNB customer must try the PNB UPI app as it has a clean look.
Punjab National Bank is the second largest government bank. It has more customers and branches than the ICICI BANK. There are about 9 crore customers of the PNB. The PNB was the in the first batch of the banks who have joined the UPI. Among the top PSU banks, the PNB was the first to come with its UPI app.
As you know that UPI is a most advanced method of fund transfer. Since it is a mobile application based payment system, it works on the smartphone. The UPI app transfers money immediately. The system always works, even on holidays and night. It is 24*7 payment system. The unique feature of UPI is the virtual payment address. Becuase of the VPA, you don’t need the account number and IFSC code of the payee. It gives more security to the bank account holders. Moreover, there is no transaction charge if you transfer fund through the UPI. Indeed, It is far better payment method than NEFT, RTGS and IMPS.
Also Read: Charges of IMPS
Features of PNB UPI App
Like any other UPI app, the PNB UPI app has also basic features of UPI.
Easy Fund Transfer
The PNB UPI app gives you an easy method of fund transfer. You need few ‘taps’ to transfer the fund. It is always easy to remember the PIN of an app than the password of net banking or debit card number. Also, apps work better than the website. You would enjoy the clean look of the app.
Send Money to VPA
The PNB UPI app gives you the facility to send money without bank account number and IFSC code. The virtual payment address is easy to remember and don’t have any security threat. It is just like an email address.
Send Money to Bank Account
Along with the VPA, you have the facility to transfer money to a bank account. It is a usual method of fund transfer. You have to give the bank account number and IFSC code. You would be able to find out the IFSC code from the app itself.
You can also ask money from someone using the PNB UPI app. This extra features would be very useful for merchants and lenders. You would get the money immediately if the person approves the payment.
No Waiting Period For New Payee
You can’t send money immediately to a new payee through the NEFT or IMPS. As it takes up to 24 hours for the activation of a new payee. But with the UPI there is no waiting period. You can transfer fund to a new payee straightaway.
Instant Verification of Payee
Do you also send a nominal test payment to a new payee? Many of us do this to be assured about the account number and payee. We do this because there is no inbuilt method to verify the given account number. The UPI has addressed this problem. When you enter the VPA into the PNB UPI app, It immediately shows you the name of the VPA. After seeing the name of the payee you can pay money without any hesitation.
Instant Notification of Payment
The UPI system is very transparent. Once you approve the payment, you would get an instant notification through the UPI app and SMS. You can see the status of your payment inside the PNB UPI app. The beneficiary would also receive an SMS and notification of payment credit.
It is easy to raise a complaint through the UPI. You don’t need a customer care number to book a complaint about the payment. Rather, you would see a link to raise issue just with every completed transaction. You don’t need to give any details about the transaction. The system itself would take all the details.
Interface of PNB UPI app
The PNB UPI app has a cleaner look. You don’t need to search for the links. It is all in front of you. The color and fonts are really impressive. However, sometimes it takes excessive time to process the request. The PNB should work on this.
How To Use
You can easily download the PNB UPI app from the google play store. You can also find the direct link to the app from the PNB site. Download the app and install it.
Registration of UPI App
When you open the PNB UPI app, first time, you have to register. The registration involves fetching your mobile number, setting Log in PIN and entering basic details.
You have to Start with giving the permission to send an SMS from your phone. Ensure that you use the number which is registered with a bank account.
Give your basic details to register the PNB UPI app. Use correct information as it would be matched with the bank data. It would take your mobile number automatically.
Create Virtual Private Address
Every UPI user needs to create a VPA. The VPA has a fixed suffix that would be ‘@PNB’. You can choose the first part subject to availability. It is just like choosing email address. You can set VPA for single use or multiple uses. Even you can set an expiry date of the virtual payment address and limit as well. I would suggest to untick these boxes as it may through surprises at a critical moment.
Before generating MPIN, you are required to choose the bank account. You can choose any of the bank accounts which is linked to the given mobile number. To add anaccountt, You have to select the bank from the dropdown list. Once you select the bank, you would see your account number. If there are more than one account in a bank you would see all the accounts. Choose the desired account.
After the bank account submission, you have to give debit card details. You have to enter the last 6 digits of the debit card and expiry date (valid through date).
In the next page you have to enter the MPIN twice. Note, You have to remember this MPIN. It is linked to your account. So, you can use this MPIN whenever required for the account. The same MPIN would be used in another UPI app if you link the same account.
You don’t need to set an MPIN, if you have already MPIN of the given account. MPIN can be also set the *99# USSD banking and mobile banking number. In all the cases, you need to enter last 6 digit if debit card and expiry date to set MPIN.
- Just after opening the PNB UPI app you would see the home page. The first box in t he page is ‘Pay’. Tap on ‘Pay ‘
- In the next page, you have to select the account from which you would like to pay the money. You have to also choose the VPA. Once you select the VPA, you would be able to see the limit and expiry date of the VPA.
- Since you can pay to a VPA as well as the bank account, you have to choose the payee adress type. If you know the VPA then choose VPA else choose bank account. In the later case, you must know the bank account number and IFSC of the payee.
- To get the VPA of payee, you can also scan QR code of the payee. To use this option you should tap on icon of QR , you can see it in front of the amount field. You can also get the VPA of an old payee by tapping on the lens.
- After submitting all the payment detail you have to confirm this.
- In the next step, you have to enter MPIN. It will complete the transaction
You can also get money from a person through the PNB UPI app. To use this facility you should choose the collect option in the home page. In the next pahe you have to choose the correct bank account, enter VPA and amount. Once you submit the detail, the third person would get a notification from his/her UPI app. The person can approve or reject this payment.
So, this post has told you the all about the PNB UPI app. However, if you don’t like this app, you can use SBI UPI app, ICICI UPI app or HDFC UPI app. Besides this there are many UPI android apps which gives same facility. You can also use any of them.