Andhra Bank is one of the major banks providing fund transfer facility through NEFT in India. Customers can avail NEFT service online through internet banking or mobile banking or customers can even visit the bank. Customers visiting the bank have to fill the Andhra Bank NEFT Form to avail the NEFT facility.
How to fill Andhra Bank NEFT Form?
There are two ways by which customers can avail the NEFT facility:
1. Online
For online transaction, customers need to have the following details:
- Name, account number, IFSC code of the beneficiary
- Amount to be remitted
- Select NEFT as transfer type mode
2. Offline
For offline transaction, customers need to have the following details:
- Name, account number of the beneficiary
- IFSC code (Indian Financial System Code) of the beneficiary
- Name, account number of the remitter
- IFSC code of the remitter
- Type of account of both beneficiary and remitter (For instance: Savings Account, Current Account)
- Amount to be remitted
Andhra Bank NEFT Charges
Outward Transaction Slab | Charges not exceeding |
Up to Rs. 10,000 | Rs. 2.50 per transaction |
Up to Rs. 1 lakh | Rs. 5.00 per transaction |
Above Rs. 1 lakh to Rs. 2 lakh | Rs. 15.00 per transaction |
Rs. 2 lakh and above | Rs. 25.00 per transaction |
Inward Transaction | Free |
Andhra Bank NEFT Timings
Andhra Bank NEFT Timings*
(Except on 2nd and 4th Saturdays) |
8:00 AM to 7:00 PM |
*Fund is transferred within 2 hours of remittance on the same day.
To know more about Andhra Bank Timings, click here.
Andhra Bank NEFT Benefits
- One of the safest and most reliable options available
- Credit confirmation of the remittances sent by SMS or EMAIL
- The remitter need not send the physical cheque or Demand Draft to the beneficiary
Andhra Bank NEFT Limit
According to the Reserve Bank of India (RBI), cash remittance is permissible up to Rs.50,000/- only during offline transaction and for online transaction there is no maximum limit.