PFMS Bank List 2025: PFMS Scholarship Amount and NSP Payment Status

PFMS Bank List 2025: The Public Financial Management System (PFMS) Scholarship has been announced by the Government of India. This initiative aims to provide financial assistance to students who struggle to pay their fees due to financial constraints. Students from various backward categories such as Scheduled Tribes (ST), Scheduled Castes (SC), Other Backward Classes (OBC), and Economically Weaker Sections (EWS) are eligible for incentives through the PFMS scholarship scheme.

The full form of PFMS is Public Financial Management System. It is a portal that offers financial support in the form of scholarships to underprivileged students from different reserved categories. The PFMS program is government-operated and ensures that eligible beneficiaries receive funds as per the scheme requirements. Below is the list of banks included in the PFMS Bank List.

PFMS Bank List 2025

PFMS is a government initiative designed to track and monitor funds disbursed under various government schemes. As a public financial management system in India, it oversees programs in the social sector. The Government of India has released a PFMS bank list to facilitate direct benefit transfers into the accounts of beneficiaries participating in various government schemes.

List of Documents Required for PFMS Scholarship

• Personal Details: Aadhar Card, Mobile number, and passport-sized photograph
• Educational Certificate: 10th class passing certificate or mark sheet
• Domicile Certificate: The residence certificate of candidates for address proof.
• Certificate of Caste: Candidates must possess a caste certificate if they belong to the scheduled caste, scheduled tribe, or other backward classes.
• Family Income Certificate: Candidates must provide a family income certificate for the current financial year.
• Bank Account Details: Students must have an account in a PFMS-listed bank, as mentioned above.
• Receipt of Fee: Printout of the fee receipt signed by the registrar of the college or school.

PFMS Bank List PDF Download 2025

The Public Financial Management System (PFMS) serves as a monitoring system for central plan schemes, enabling the direct transfer of government funds such as scholarships, pensions, and more into the beneficiaries' accounts at PFMS banks. The government of India has released a list of PFMS banks for this purpose. You can download the PFMS bank list PDF using the link below.

Advantages of PFMS Bank Account

The PFMS bank list comprises banks approved by the Government of India for transferring benefits from government schemes directly to beneficiary accounts. Citizens must maintain an account in one of these listed banks to access these benefits.

• PFMS is a public financial management system that transfers funds directly to beneficiaries' accounts.
• This system allows the government to disperse funds directly to the accounts of beneficiaries of various government schemes.
• PFMS provides an effective decision support system and tracks funds allocated under government programs.
• Real-time information on resources availability and utilization across schemes is available, providing stakeholders with an efficient management information system.
• PFMS minimizes the risk of erroneous installments and ensures that cash transfers align with records and procedures.
• This single web portal contains all information related to government schemes, with a comprehensive database of recipient agencies, integrated with government applications for online receipts collection.

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PFMS Scholarship List | Scheme Wise Contact List and NSP Payment Status