which is the second largest nationalized bank in India. PNB provides a wide variety of inward and outward remittance services to its customers. ‘PNB NRI REMIT-India’ is an online cross-border remittance solution to send money from the US to India. ...
Before making any transfers, it is highly recommended to go through the RTGS form and make the money transfer accordingly. The user has to select eitherRTGS or NEFTwhen filling out the fund transfer form. The bank will decide which fund transfer method will be used if no mode is selected. ...
Secondly, RTGS provides enhanced security features that protect the transfer of large sums of money. The payment system operates on a gross settlement basis, which means each transaction is settled individually without netting off against other transactions. This minimises the risk of fraud or unauthor...