Yes Bank NEFT Form

An account holder can also initiate the NEFT transaction even if the internet banking and mobile banking facility are not activated. This can be done by filling the Yes Bank NEFT Form at any nearest bank branch.

The Yes Bank NEFT form can also be downloaded from the official website of the Yes Bank. You can visit the website and download the NEFT form. After downloading the form you will have to take a print of the same, fill in all the necessary details and submit the form at the Yes Bank Branch.

Details that need to submit in the Yes Bank NEFT form include:

• Account number of the beneficiary
• IFSC code of the beneficiary
• Name of the beneficiary
• Account number of the remitter
• Mobile number of the remitter
• Name of the remitter

These details are entered into the system for making the NEFT transfer online.

• Login to Yes Bank Retail Net Banking
• Click on “Other Bank Transfer – NEFT” on the left side of the navigation bar, under the Funds Transfer section.
• Fill necessary information like transfer amount, account number, IFSC Code, beneficiary name
• After these details are submitted, a unique transaction confirmation number is generated. This number can be used for any query related to the NEFT transfer.

The Yes Bank does not levy any charges on NEFT transfers initiated online via internet banking and/or mobile banking. However, a nominal amount is charged when the transfer is initiated at the bank.

• These charges are per NEFT transaction.
• The charges are levied only on the outward transaction.
• The inward transactions are free of cost.

Following are some of the charges for the outward transaction:

*The charges do not include GST and other taxes if applicable.

As per the guidelines from the RBI, an account holder can access the NEFT account on the following timings:

The settlement of the NEFT account is done on a half-hourly basis. Forty-eight half-hourly batches run from 00:30 hours to 00:00 hours every day.

• The NEFT transactions can be done 24*7, 365 days at Yes Bank
• The amount is directly debited from the bank account after confirmation
• NEFT transactions after usual banking hours of banks are expected to be automated transactions initiated using ‘Straight Through Processing (STP)’ modes by the banks
• One should ensure that a sufficient amount is available for the NEFT transfer, in case the transaction is failed it is recommended to check the account balance and then try again later

• It is the most convenient option to carry out fund transfer while you are outdoors.
• It is a most reliable option as it is monitored by Reserve Bank of India
• There is no minimum or upper limit for the NEFT transfer amount
• The charges for NEFT Transactions are very nominal as compared to other modes of fund transfer.