Punjab national bank has gone live on imps using account no and ifs Code

          The link to Business Responsibility Report on the banks website makes for an interesting read.  I am not sure, what motivated PNB to publish this report. It would be great, if all Banks publish similar reports on a yearly basis.

          Another only one of its kind initiative by PNB has the foresight to nurture PNBIIT (Punjab National Bank institute of information technology), a premier institute of information technology in the area of banking, finance and insurance.

          Through its ADBT Program, has created a pool of competent techno-bankers for Banking & IT Sector by imparting in-depth knowledge and expertise to the students.

          One important announcement on PNB’s website is a notice on charges for SMS Alerts.

The charges will commence for transactions w.e.f.01.07.2013 and the charges are Rs15/- per quarter

 However, following categories of accounts have been exempted for SMS Alerts charges:

1 Senior Citizen accounts

2 Staff accounts

3 Retired staff accounts

4 Vidyarthi accounts

5 Mitra accounts