Public Financial Management System(PFMS) is an initiative started by Government of India which aims to improve the efficiency and effectiveness of financial transactions and management of public funds. It provides tracking and monitoring to ensure proper utilization of funds under different Plan Schemes.

CUB PFMS Services

CUB's USP for PFMS services:

Steps to register for PFMS services:

  1. Register your Program Implementing Agency (PIA) on PFMS portal, after getting approval from the competent authorities.
  2. After PIA registration on PFMS, it will receive an Agency Admin login and password.
  3. Login to PFMS portal with Admin credentials.
  4. PFMS works on the concept of maker and checker. PIA needs 2 User Ids:
    • Data Operator :Data Operator (maker) will enter all the transaction entries and will submit it to the Data Approver(checker) for verification.
    • Data Approver :Data Approver will be the checker for PFMS transactions. Data Approver will do the verification, approval or rejection of the transactions.
  5. Login from your Data Operator ID and add the beneficiary and transaction details.
  6. Approve the payment from Data Approver ID.

Now, do any one of the below options for PFMS Payment:

CUB will wait for the government intimation for the mentioned account to receive benefits. Once received, customer can avail the PFMS benefits.

Please contact us here or visit your CUB home branch for any assistance. To know more about PFMS services, please visit PFMS portal


PFMS handles transactions like Direct Benefit Transfer, Pension Payments, Subsidy Payments, Government Employee Salaries, Income Tax Refunds, Scholarships disbursements, Vendor Payments, Healthcare Payments and Grant & Aids.

Our mobile application is very secure and support services like multi factor user authentication through MPIN, Biometric Verification and Transaction Alerts. Secure payment is done through Soft Token and Hard Token. To know more about tokens please click here

The eligibility to receive benefits through PFMS varies depending on the specific government program, scheme or initiative. Eligibility criteria are determined by the government agency responsible for the program. Some common entities and individuals who receive PFMS benefits are Direct Beneficiaries, Pensioners, Scholarship Recipients, Farmers, Government employees, NGOs, Educational Institutions, SMEs, Healthcare Providers, Disaster relief and Aid Recepients, Tribal and Indigenous Communities.

CUB doesn’t take any fee or charges from the customer for availing PFMS benefits.

Customers can opt out of PFMS if the government program under which they are receiving benefits offers them the flexibility to opt out. Customers will have to consult with the relevant authorities and follow their guidance when seeking alternate methods of receiving government benefits.

Last Updated on: 13-02-2024 06:20:59 PM

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