PFMS Bank List 2024 : PFMS Scholarship Amount and NSP Payment Status

Public Financial Management System (PFMS) is a monitoring system for central plan schemes of government of India. Government of India has made it compulsory to have a account in PFMS bank to get advantage of government schemes, Check below PFMS banks list pdf 2024

PFMS Bank List 2024: The Public Financial Management System PFMS Scholarship has been announced by the government of India. The main objective of this scheme to provide financial funds to all of the students who are not able to pay their fees because of poverty. The students belonging to different backward categories like scheduled tribe (ST), schedule caste (SC), other backward castes (OBC) and economically weaker section (EWS) will be provided incentives through the implementation of PFMS scholarship scheme.

The full form of PFMS is Public Financial Management System. It is a portal that provides financial support in the form of scholarship to poor students belonging to various reserved categories. The Public Financial Management System program is a government owned program where financial funds are provided to beneficiaries who are eligible for this scheme. There are some basic eligibility criteria a candidates must have to get listed in this PFMS scholarship scheme. The banks which are included in PFMS bank list is given below.

PFMS Bank List 2024

PFMS is an government initiative to track and monitor funds disbursed under various government schemes. It is a public financial management system by government of India which monitors programs in social sector. The government of India has released PFMS bank list for the purpose of direct benefit transfer in the accounts of the beneficiaries of various government schemes.

S.No.Bank Name
1.Abu Dhabi Commercial Bank
2.Allahabad Bank
3.Allahabad UP Gramin Bank
4.Andhra Bank
5.Andhra Pragathi Grameena Bank
6.Axis Bank
7.Bank of Bahrain and Kuwait
8.Bank of Baroda
9.Bank of India
10.Bank of Maharashtra
11.Bassein Catholic CO-OP. Bank LTD
12.Bombay Mercantile CO-OP. Bank LTD
13.Canara Bank
14.Central Bank of India
15.CITI Bank
16.City Union Bank Ltd
17.Corporation Bank
18.CSB Bank Ltd
19.DCB Bank Ltd
20.Dena Bank
21.Deutsche Bank
22.Dhanlaxmi Bank Ltd
23.Haryana Gramin Bank
24.HDFC Bank Ltd
26.ICICI Bank Ltd
27.IDBI Bank Ltd
28.INDIAN Bank
29.Indian Overseas Bank
30.INDUSIND Bank Ltd
31.Jharkhand Gramin Bank
32.Karnataka Bank
34.Kotak Manindra Bank
35.Madhya Bihar gramin Bank
36.Maharashtra Gramin Bank
37.Manipur State CO-OP. Bank Ltd
38.New India Co-operative Bank ltd
39.NKGSB CO-OP Bank Ltd
40.Oriental Bank of Commerce
41.Punjab and SIND Bank
42.Punjab National Bank
43.RBL Bank
44.SARVA U.P Gramin Bank
45.Shri Mahila Sewa Sahakari Bank Ltd., Ahmedabad
46.South Indian Bank
47.Standard Chartered Bank
48.State Bank of India
49.SVC Co-operative Bank Ltd
51.Tamilnad Mercantile Bank Ltd.
52.The Cosmos co-operative Bank Ltd
53.The Federal Bank Ltd
54.The Jammu and Kashmir Bank Ltd
55.The Kalupur Commercial co.op Bank Ltd
56.The Lakshni Vilas Bank Ltd
57.The Saraswat co-operative bank ltd
58.The Thane Janata Sahakari Bank Ltd
59.UCO Bank
60.UNION Bank of India
61.UNITED Bank of India
62.Vijaya Bank
63.YES Bank Ltd
PFMS Bank List 2023

List of Documents Required for PFMS Scholarship

  • Personal Details : Aadhar Card, Mobile number and passport size photograph
  • Educational Certificate : 10th class passing certificate or mark sheet
  • Domicile Certificate : The residence certificate of candidates for address proof.
  • Certificate of Caste : The candidates should have caste certificate if he belongs to scheduled caste, scheduled tribe or other backward class category
  • Family Income Certificate : Candidate must family income certificate for the current financial year.
  • Bank Account Details : The student should have a bank account in PFMS bank, check PFMS bank list mentioned above.
  • Receipt of Fee : Print out receipt of fee signed by registrar of college or school.

PFMS Bank List Pdf Download 2024

Public Financial Management System (PFMS) is a monitoring system for central plan schemes. All the financial funds by central government like schemes benefits, pensions and other government scholarship for students are transferred directly in account of beneficiaries in PFMS banks. The government of India has released a list of PFMS bank for this purpose. You can download PFMS bank list Pdf from the link given below.

Name of Portal Public Financial Management System (PFMS)
Launched by Controller General of Accounts (CGA), Department of Expenditure
(Ministry of Finance, Government of India)
Objective to track funds released under all schemes of Government of India
No. of PMFS Banks65+
List of PFMS Scholarships PFMS Scholarship List
List of NSP ScholarshipsNSP Scholarship List 2023 – National Scholarship Amount Details
Track NSP Payment StatusClick Here
NSP Rejected List PDFNSP Rejected List 2023
Official Website
PFMS Bank List Overview

Advantage of PFMS Bank Account

PFMS bank list is a list of banks approved by the government of India to transfer the benefits of government schemes directly to beneficiary bank account. The citizens of the country should a bank account in one of these banks listed in PFMS.

  • PFMS is a public financial management system by government of India which transfer funds directly to account of beneficiaries.
  • By using PFMS, government can transfer funds directly to bank account of beneficiaries of various government schemes.
  • PFMS provides effective decision support system, and tracking of funds monitor funds disbursed under various government schemes.
  • PFMS provides real time information on resources availability and utilization across schemes and effective management information system to the stakeholders.
  • PFMS reduces the risk of misleading installment and guarantees the cash transferred is per record and procedure.
  • PFMS is single web portal where all information and details related to government schemes, database of all recipient agencies is available and it is integrated with application of government department for online collection of receipts.

Read Also:

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

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