What Does Payment Initiated Mean in NSP Scholarship

Introduction

When your NSP scholarship status shows “Payment Initiated”, it means that the Government has successfully approved your scholarship amount and sent the payment request to the PFMS (Public Financial Management System) for bank transfer. At this stage, your payment is in the final processing phase and is ready to be credited to your bank account.

In simple words, Payment Initiated in NSP Scholarship is a confirmation that your scholarship money is on the way, but it has not yet reached your bank account.

Payment Initiated NSP Scholarship – Complete Process Explained

To clearly understand the Payment Initiated NSP Scholarship status, let’s break down the payment flow step by step:

1. Application submitted on NSP portal

2. Verification by Institute

3. Verification by State Government

4. Approval by Ministry

5. Payment file sent to PFMS

6. Payment Initiated status appears

7. Bank credits the amount to student account

Once the PFMS accepts the payment file, the NSP portal updates the status to Payment Initiated.

How Long After Payment Initiated Will NSP Scholarship Be Credited

After the Payment Initiated NSP Scholarship status appears, the amount is usually credited within:

• 2 to 7 working days (in most cases)

• Sometimes up to 10–15 days during high-volume payment periods

Delays may occur due to bank holidays, PFMS server load, or minor bank verification issues.

Payment Initiated but Amount Not Credited – Common Reasons

If your NSP scholarship shows payment initiated but money is not credited, possible reasons include:

• Bank server delay

• PFMS status pending

• Incorrect IFSC code

• Dormant or inactive bank account

• Aadhaar not linked with bank

In such cases, always check your PFMS payment status separately.

How to Check PFMS Status After Payment Initiated NSP Scholarship

Follow these steps:

1. Visit PFMS portal: https://pfms.nic.in

2. Click on “Know Your Payments”

3. Select “Student” category

4. Enter bank account number and captcha

5. Click search

If PFMS shows Payment Success, your scholarship will be credited soon.

Difference Between Payment Initiated and Payment Credited in NSP

Status	Meaning
Payment Initiated	Payment approved and sent to PFMS
Payment Credited	Amount successfully received in bank

Payment Initiated NSP Scholarship does not mean money is already credited, but it confirms final approval.

What Should You Do After Payment Initiated Status?

• Do not submit grievance immediately

• Regularly check bank statement

• Verify PFMS payment status

• Ensure Aadhaar-bank linking

• Wait at least 7 working days

Only raise grievance if payment is not credited even after 15 days.

Official NSP & PFMS Links (CTA)

• NSP Portal: https://scholarships.gov.in

• PFMS Portal: https://pfms.nic.in

• NSP Grievance Section: https://scholarships.gov.in/fresh/newGrievancePage