About PFMS
PFMS is a financial management platform started by of the office of the Controller General of Accounts, Ministry of Finance with the Planning Commission. PFMS leverages a unique interface with the Core Banking System (CBS) of banks, to provide real-time reporting of banking transactions.
Public Financial Management System (PFMS) is a platform for e-payment of subsidy under Direct Benefit Transfer (DBT) to both Aadhar based & Non- Aadhar based bank accounts through NPCI.