customer-support

Talk to Expert

Sales Enquiry
Call Us: 1800 570 3888
Service Helpline
Call Us: 1800 258 5616

Our Advisors are available 7 days a week, 9:30 am - 6:30 pm to assist you with the best offers or help resolve any queries.

Get the App
get-the-app-mobile
Download the
Paisabazaar app Today!

Get instant access to loans, credit cards, and financial tools — all in one place

get-the-app-qr

Scan to download on

play-app-store
Paisabazaar Logo
Offers on Paisabazaar are only from Credit Institutions regulated by the RBI

NEFT Money Transfer

Home Banking in India NEFT Money Transfer

600 or 750? What's your credit
score? Check for FREE.

meter
Chance-to-get-Accidental-Cover-up Chance-to-get-Accidental-Cover-up Chance-to-get-Accidental-Cover-up
Chance-to-get-Accidental-Cover-up

Let’s Get Started

Mobile Number +91

The entered number doesn't seem to be correct

Please accept the undertaking to proceed further
Updated: 23-06-2022 09:04:21 AM

NEFT Money Transfer is an online payment option that is available all over India, monitored by the Reserve Bank of India. Currently, you can access NEFT Payments in almost all the banks across India. You have the option of making transfers to Individual accounts or to any merchant if the respective banks participate in the NEFT Scheme.

NEFT Money Transfer

How does NEFT Money Transfer work?
NEFT Charges
NEFT Timings and Holidays
Benefits of NEFT

How does NEFT Money Transfer work?

NEFT Transfers can be made using your online banking account or your bank’s mobile application or even offline from the nearest branch of your bank.

NEFT Money Transfer Online

  • Log into your net banking account or your mobile application using a username and password.
  • Under Funds Transfer or the respective menu on your bank’s official website, choose NEFT.
  • Then click on Add/ Manage Beneficiary.
  • Provide beneficiary details including name of beneficiary, account number of the beneficiary and IFSC code of the beneficiary bank.
  • Once the beneficiary is registered, enter the amount that you wish to transfer and click on submit.
  • When the transaction is complete, you will receive a notification via SMS.

NEFT Money Transfer offline

Visit the nearest branch of the bank that you hold an account with. Fill up the NEFT Form with necessary details. These details are used by officials at the bank to make NEFT Transfers online.

NEFT Charges

The standard charges applicable on NEFT Money Transfer are as follows:

Transaction Amount NEFT Charges
Amount up to Rs.10000 Rs.2.50 + GST
Amount above Rs.10000 up to Rs.1 lakh Rs.5 + GST
Amount above Rs.1 lakh and up to 2 lakh Rs.15 + GST
Amount above Rs.10 lakh Rs.25 +GST

Note: All inward NEFT transactions are free from any service charges.

NEFT Timings and Holidays

The NEFT Timings for banks may vary. However, the standard timings are as follows:

  • Monday to Saturday: 8 am to 7 pm

NEFT transactions are not settled on bank holidays, 2nd and 4th Saturday and Sunday. Any transactions made on these days will be credited from the remitter account and debited to the beneficiary on the next working day.

Benefits of NEFT

The benefits of NEFT that make it one of the most popular online transaction options are as follows:

  • Nominal service charges on NEFT Money Transfer facility
  • An option of making fund transfers on the go
  • No minimum or maximum limit on transactions. Some banks, however, may have a maximum cap on the amount that you can transfer each day.
  • Monitored by the Reserve Bank of India, making it extremely reliable and well-grounded.
Menu