PFMS Bank List: Public Financial Management System PFMS The announcement of the scholarship has been made through the Government of India to provide money to all students who aren’t in a position to pay for their education due to poverty.

PFMS Bank List

With the introduction of this scholarship, a variety of incentives will be given to students of different backward groups which include scheduled castes and scheduled tribes, in addition to other castes with backward, and those who are part of economically backward societies.

PFMS the full name can be described as Public Financial Management System. It is a website that offers financial assistance in the form of scholarships for students living in poverty.

It is a government-sponsored Financial Management System program an official program of the government where the funds are provided to those who qualify. There are essential eligibility criteria that applicants must meet to be included in the PFMS scholarship program.

PFMS Bank List

Serial No.Name of PFMS Bank 
🏦 1. Andhra Bank
🏦 2.Axis Bank
🏦 3.Allahabad UP Gramin Bank
🏦 4.Abu Dhabi Commercial Bank
🏦 5.Andhra Pragathi Grameena Bank
🏦 6.Allahabad Bank
🏦 7.Bank of Bahrain and Kuwait
🏦 8.Bank of Baroda
🏦 9.Bank of Inda
🏦 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
🏦 25.HSBC
🏦 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
🏦 33.KARUR VYSYA Bank
🏦 34.Kotak Mahindra 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.South Indian Bank
🏦 46.Standard Chartered Bank
🏦 47.State Bank of India
🏦 48.SVC Co-operative Bank Ltd
🏦 49.SYNDICATE Bank
🏦 50.Tamilnad Mercantile Bank Ltd.
🏦 51.The Cosmos Co-operative Bank Ltd
🏦 52.The Federal Bank Ltd
🏦 53.The Jammu and Kashmir Bank Ltd
🏦 54.The Kalupur Commercial co. op Bank Ltd
🏦 55.The Lakshmi Vilas Bank Ltd
🏦 56.The Saraswat co-operative bank ltd
🏦 57.The Thane Janata Sahakari Bank Ltd
🏦 58.Vijaya Bank
🏦 59.YES Bank Ltd
🏦 60.UNITED Bank of India
🏦 61.UCO Bank
🏦 62.UNION Bank of India

Advantages of PFMS

Public Financial Management System (PFMS) provides many benefits to those who use it, including:

  • A fund flow system and accounting network for monitoring
  • The ability to transfer funds directly to bank accounts
  • The ability to track the process of money and government schemes
  • A portal offering details of scheme-specific, agency-specific, state-specific, and ministry-specific sanctions
  • Integration with all the Financial Management Systems of States
  • A reliable, real-time, and effective management information system to the stakeholders.

Overall, PFMS is a beneficial tool for anyone who needs to track their finances, whether they are an individual or part of a larger organization. It offers a variety of features that make it user-friendly and efficient, making it a great choice for anyone looking for a financial management system.

Benefit Of PFMS Bank List

Suppose you also know about PFMS Bank List 2022, after that. In that case, whenever you take advantage of any government scheme, you will be able to open an account in these banks only, So that you can get the benefits of government schemes directly in your bank account.

Let us tell you that if your bank is not included in the PFMS bank list, then you do not get the benefit of the government’s scheme directly. Or many difficulties may have to be faced so that you can see the list of PFMS banks 2022 from here.

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