What is the full form of PFMS meaning, and definition 

Are you looking for the meaning and full form of PFMS? Also, do you want to know the meaning and definition of PFMS and what PFMS stands for? So, we are going to learn about the abbreviation and acronym of PFMS, as well as the PFMS meaning and full forms. So you should read this post till the end?

The Full Form of PFMS: Public Financial Management System

“PFMS” stands for Public Financial Management System. PFMS is a web-based online portal, developed and implemented by NITI Aayog, the Union Government, and the Ministry of Finance. Initially, the PFMS portal was known as CPSMS (Central Plan Scheme Monitoring System).

This portal was started in the year 2009. It allows recipients to deposit subsidies and other monetary benefits into their bank accounts. There are records of every aspect of the central government’s assistance. Any citizen may check the amount of assistance provided by the government through this portal.

Benefits of PFMS

  • The money that the government receives is deposited into the user’s bank account with the aid of PFMS.
  • Through the PFMS portal, anyone can check their payment online from home.
  • The amount of benefit will not need to be collected from multiple offices by citizens.
  • The online process will bring transparency to the work.
  • The advantages of government programs will be immediately available with the help of PFMS.
  • Beneficiaries will get online subsidies or other monetary benefits directly in the bank account
  • This system is based on the electronic payment system, which can avoid any kind of fraud.
  • Under DBT (Direct Benefit Transfer) the benefit of funds in the bank account of the user is provided.

How to Check Your PFMS Payment Status

The process of online checking your PFMS payment status can be checked very easily with the help of PFMS, The steps listed below can be used by users to check the status of their payments. Here are those steps:

  1. Candidates can check their payment status by clicking on the official website of the Public Financial Management System (PFMS).
  2. Following that, the homepage of the PFMS website will appear on your screen.
  3. You can access the Know Your Payments option on the home page itself.
  4. Your screen will display the payment check form after clicking.
  5. Enter the bank, and account number, and confirm the account number, followed by the captcha code (word verification).
  6. Then click the button to send OTP to your registered mobile number.
  7. You will receive an OTP (One Time Password) on your registered mobile number.
  8. Enter your OTP

Now you might have got some ideas about the abbreviation, acronym, full form, and meaning of PFMS. But, some of the most commonly used acronyms, abbreviations, full-forms, and the PFMS meaning are listed in different categories below the table.

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PFMS meaning and FAQs

We have discussed what PFMS stands for, as well as the full form, meaning, and definition of PFMS. Now we are going to discuss some frequently asked questions on the internet. So, there are many FAQs on the meaning and the full form of PFMS. Let’s explore PFMS Meaning and FAQs.

What is the full form of PFMS in banking?

The Full Form of PFMS is Public Financial Management System in the context of banking. the Definition of PFMS and all possible meanings are given above, You might also like some similar terms related to PFMS.

What is the meaning of PFMS in scholarship?

The meaning of PFMS is Public Financial Management System in the terms of scholarship. Check out all the meanings of PFMS one by one, You might be searching for another term that is similar to PFMS. since there may be more than one meaning of PFMS.

What does PFMS stand for?

PFMS stands for Public Financial Management System. PFMS is also related to some other terms that you might like to know more about. so check out all meanings of PFMS in the Above post section.

What does PFMS mean in finance?

PFMS means Public Financial Management System In the terms of finance. Earlier, we explained what does PFMS means? you can read Most used PFMS Full Form and Meaning. check-out related information in the above section.

What is the acronym of PFMS?

PFMS is an acronym for Public Financial Management System. The Definition & Meaning of PFMS in Different Categories discussed above.

What is the full name of PFMS?

The full name of PFMS is Public Financial Management System. Finally, we also discussed all the important things about, What is that PFMS and also related to the full Name of PFMS.

What is the definition of PFMS?

The definition of PFMS represents Public Financial Management System. You can also know some Most Using Full-Form and The meaning of PFMS in the above section

What is the PFMS Meaning in agriculture?

The PFMS meaning in Hindi is Public Financial Management System in agriculture. It may be more than one Meaning of PFMS so check out one by one in the above section.

In this post, we discussed all the important things about what PFMS stands for, full form, meaning, and definition. You will not only get all the possible PFMS full forms and meanings. but also all popular full forms, acronyms, abbreviations, and their meanings and definitions.

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