Central Bank of India is one of the NEFT(National Electronic Funds Transfer) enabled bank and it provides customers with the facility of NEFT. Customers can avail NEFT service online as well as offline. If Central Bank of India customers are unable to obtain their net banking or mobile banking account they can make transaction offline by visiting the bank and filling Central Bank of India NEFT Form.
How to fill Central Bank of India NEFT Form?
There are two ways to avail Central Bank of India NEFT service:
1. Online
For online transaction, the following details would be required:
- Select Account from which the account holder wants to transfer
- Name of the beneficiary
- Account number of the beneficiary
- IFSC Code (Indian Financial System Code) of the beneficiary
- Select NEFT as fund transfer method
- Enter the transaction password to successfully transfer funds
2. Offline
For offline transactions, the following details would be required:
- Name, account number and account type of the beneficiary
- IFSC Code of the beneficiary
- Name and account number of the remitter
- IFSC Code of the remitter
- Amount to be remitted
How to download Central Bank of India NEFT form?
To avail NEFT service, account holders can download the Central Bank of India NEFT form here.
Central Bank of India NEFT Timings
Transaction takes place in 12 hourly batch settlements from 8 am to 7 pm under Deferred Net Settlement (DNS) basis from Monday to Saturday (except 2nd & 4th Saturdays).
Central Bank of India NEFT Charges
| NEFT Amount | NEFT Charges |
| Upto Rs 10,000 | Rs.2.50 + GST |
| Rs 10,000 & Upto 1 lakh | Rs.5.00 + GST |
| Above 1 lakh & Upto 2 lakh | Rs.15.00 + GST |
| Above Rs 2 lakh | Rs.25.00 + GST |
Central Bank of India NEFT Limit
According to the Reserve Bank of India (RBI), there is no limit for an online transaction but for offline mode Rs.50,000/- is permitted per transaction.
Benefits of Central Bank of India NEFT Service
- Secure and fast way of money transfer
- Economical and reliable system