Pension Disbursement Banner

Public Financial Management System

PFMS (Public Financial Management System) is a web-based application and serves as an online management information and decision support system for the Plan Schemes of the Government of India. The purpose of this system is to track and monitor fund disbursement and utilization under Plan Schemes on real-time basis.

Objective

  • Tracking of flow of funds to the lowest level of implementation
  • Online information of bank balances to facilitate “just-in-time” provision of funds to implementing agencies
  • E-Payment to ultimate beneficiaries
  • Decision Support System for all levels of program managers
  • Dissemination of relevant information to citizens

Axis Bank USP

  • View transactions Dashboard on mobile or on web through CIB
  • Daily transaction reconciliation
  • Dedicated Helpdesk for query resolution
  • Same day response feed with reason code
  • Payments Authorization through DSC, Server sign & PPA mode
  • Processing through NACH, APBS apart from NEFT & RTGS

FAQs

What is the role of PFMS?
It serves as an online MIS and decision support system of the Government of India to monitor fund disbursement and utilization of govt. schemes of India.
Branch matches signature as per mode of agency account operation. It also verifies availability of adequate funds.
EPA/ PPA expires after 10 days post being generated by the agency.
Yes, it is mandatory for DSC to be registered beforehand for making payments through DSC files.
You can contact the call centre @ 18605004971 (IVR option-5). You can alternatively mail your query at gb.support@axisbank.com.
NEFT/ RTGS/ FT/ NACH/ APBS modes of payments are available at PFMS portal.
You can view PFMS transactions on the go. You may View Access to PFMS batch status and transaction history. You can also download the reports available as well in PDF, Excel and CSV.
  • View transactions Dashboard on mobile or on web through CIB
  • Daily transaction reconciliation
  • Dedicated Helpdesk for query resolution
  • Same day response feed with reason code
  • Payment mode PPA (Print Payment Advice) is used by many agencies in PFMS who are not conversant with Digital Signature payment mode.
  • To overcome the shortcomings of PPA and smooth transition of agencies doing physical paper based authorization of PPA to digital form of authorization, a new payment mode ‘Electronic Payment Advice (EPA)’ is being introduced in PFMS.
  • Under EPA, the agency will be given an option to approve the file on corporate internet banking as well as through branches, as is currently done in PPA.