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Punjab National Bank

Research notes as of 05 Oct 2026, not legal or tax advice. VERIFIED means we read the primary source, REPORTED means secondary sources only, and UNCERTAIN means the law or practice is unclear. Ask your bank or a CA before acting on uncertain points.

How to file with Punjab National Bank

From the bank's published export policy and other sources, checked 2026-10-04. Banks are still settling their procedures, so confirm with your branch.

How to submit

  • AD Branch (processing at Trade Finance Centre) verified

    Policy: 'Bank shall handle the business of export and import of goods and services through its AD Branches and processing of these transactions will be done at Trade Finance Centres'. Services EDF: 'EDF form will be submitted to AD Branch for uploading in EDPMS'.

    Source

  • Global Trade Finance Centres (grievance contacts) verified

    Grievance emails for export/import: cbotf@pnb.bank.in (New Delhi), tfcmumbai@pnb.bank.in, tfcchennai@pnb.bank.in, tfckolkata@pnb.bank.in. These are published for grievances, not as an EDF submission channel.

    Source

Documents the bank may ask for

  • EDF (Annex form) submitted to AD branch verified
  • FEMA Declaration (listed for all export bill types in Annexure II) verified
  • Invoice reported
  • Services-specific document list not published (Annexure II covers goods bills only) verified
IEC needed?
Not confirmed. Ask your bank
Timing
30 days from end of invoice month; single EDF per month allowed. The AD Branch may extend submission by 6 months on a reasoned request; further extension by the CHCAC/CBB/MCB/LCB/ELCB head (AGM and above). EDPMS entry within 5 working days. Cross-border transactions are processed same day if received by 4:00 PM, else T+1.
Charges
Per policy: charges as per L&A Circular 207/2021 as amended; no penalty for regulatory delay. The public forex schedule (PDF dated Nov 2021) has no services-EDF line; EDF waiver certificate is INR 500. Current services-EDF charge not found.
FIRA / FIRC
e-FIRC issuance INR 500 flat (Nov 2021 schedule; inward remittances other than exports); FIRC on letterhead INR 250. Inward remittance commission INR 100 (up to INR 10 lakh) / INR 250 (above). TFC Delhi reports e-FIRC to EDPMS.
Declaring the purpose code
All inward remittances are routed through International Service Branch (ISB) New Delhi, the centralised nodal office. Some processing happens at the AD branch or TFC together with ISB. The policy lets the bank put in place straight-through credit for individual residents. FC inwards up to USD 10,000 (USD 20,000 for individual accounts) may be converted immediately if all information is available. The public purpose-declaration form for services was not found.

Recommendations

  • Submit the monthly EDF at a PNB AD branch, which uploads it to EDPMS. If your branch is not an AD branch, ask it for the mapped AD branch.
  • If you need more time, request an extension before the 30-day deadline. The AD branch can grant up to 6 months.
  • Use the GTFC email for your region (e.g. cbotf@pnb.bank.in for Delhi) for escalation. For appeals: GM-IBD, ibd@pnb.co.in.
  • For PA/platform payouts that arrive as domestic INR credits (Wise/Skydo/Razorpay/Payoneer/PayPal), keep the provider's FIRA/e-FIRC and ask the bank how it wants them mapped to the EDF; no bank in this group publishes a rule for this.

The bank's export policy (FEMA 23(R)/2026, Reg. 19 disclosure)

Sources