The Indian government is working hard to improve services for its citizens. They want people to easily access information and benefits from government schemes online. That’s why they’ve launched the PFMS Payment Portal.
The portal is managed by the Controller General of Accounts in the Ministry of Finance, Government of India, helps transfer money from government schemes directly to people’s bank accounts. It’s an important system, and the Payment Portal has been set up to make it even easier to use.
This article will explain how to use the PFMS portal and check payment statuses. Please read it carefully to understand how this portal can benefit you.
PFMS Payment System
The Public Financial Management System, or PFMS, also known as the Public Financial Manager Service, acts as a one-stop hub for managing government and central government subsidies. Through this portal, funds are directly sent to the bank accounts of beneficiaries using the Direct Benefit Transfer or DBT system. Additionally, you can quickly check and print government-issued amounts from the comfort of your home.
Benefits of PFMS
- More Transparency: It makes the transfer of scholarship funds for government programs more transparent.
- Quick Transfer: PFMS can transfer large sums of money to thousands of bank accounts simultaneously.
- Less Paperwork: It cuts down on paperwork by using digital processes.
How to Check Payment Status on PFMS Portal With Bank Account Details?
- First, visit the official website of PFMS.
- After landing on the homepage, click on the “Know Your Payments” option.
- On the next page, you will have to enter essential details, including bank account number, bank name, etc.
- Complete the captcha verification.
- Now, also complete the OTP verification.
- The OTP will be sent to your registered mobile number.
- After these steps, the payment status will be displayed on the screen.