NEFT Charges, Timings, Transaction Limits Of Key Banks Explained Here

Banks today offer multiple options for transfer of funds electronically from one account to another through computer-based systems. Customers can transfer funds to accounts in the same bank as well as those outside its network. Both public and private sector banks offer a host of payments systems. One such payments system is NEFT or National Electronic Funds Transfer. NEFT works on a deferred net settlement basis, wherein transactions are lined up and settled in batches. Banks charge a fee for NEFT transactions, which varies based on the amount of transfer..Here's everything to know about NEFT payment services provided by major banks such as State Bank of India (SBI), Punjab National Bank (PNB), HDFC Bank and ICICI Bank:.State Bank of India NEFT transfer.Timings: Customers can make NEFT transactions from 8 am to 7 pm from Monday to Friday. On Saturdays, one can transfer money using NEFT from 8 am to 1 pm..Amount: Under SBI's retail internet banking, one can transfer a maximum of Rs. 10 lakh, according to the lender's website. However, there is no minimum limit..Charges: SBI charges Rs. 2.50 for transactions up to Rs. 10,000..table.sbi_tbl { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table.sbi_tbl th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.sbi_tbl td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; text-align: center; } table.sbi_tbl td:last-child, table.sbi_tbl th:last-child { border-right: none; } .scroll { overflow: auto; } @media (max-width : 480px) { table.sbi_tbl, thead.sbi_tbl, tbody.sbi_tbl, th.sbi_tbl, td.sbi_tbl, tr.sbi_tbl { font-size: 14px; } table.sbi_tbl th.sbi_tbl, table.sbi_tbl td.sbi_tbl { padding: 4px; } } . Amount Existing Charges for Branch (exclusive of tax) Rate for INB Channel (exclusive of tax) Up to Rs 10,000 Rs 2.50 Rs 2 From Rs 10,001 to Rs 1 lakh Rs 5 Rs 4 Above Rs 1 lakh up to Rs 2 lakh Rs 15 Rs 12 Above Rs 2 lakh Rs 25 Rs 20 (Source: onlinesbi.com) .Punjab National Bank NEFT transfer.Timings: Customers can make NEFT transactions from 8 am to 7 pm from Monday to Friday. On Saturdays, one can transfer money using NEFT from 8 am to 1 pm..Amount: One can transfer a maximum of Rs. 5 crore using NEFT payments service, according to PNB's website. However, there is no minimum limit..Charges: PNB charges Rs. 2.50 for transactions up to Rs. 10,000..table.pnb_tbl { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table.pnb_tbl th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: left; } table.pnb_tbl td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } table.pnb_tbl td:last-child, table.pnb_tbl th:last-child { border-right: none; } .scroll { overflow: auto; } @media (max-width : 480px) { table.pnb_tbl, thead.pnb_tbl, tbody.pnb_tbl, th.pnb_tbl, td.pnb_tbl, tr.pnb_tbl { font-size: 14px; } table.pnb_tbl th.pnb_tbl, table.pnb_tbl td.pnb_tbl { padding: 4px; } } . Amount Charges Up to Rs 10,000 Rs. 2.50 + GST Above Rs 10,000 to Rs 1,00,000 Rs 5 + GST Above Rs 1,00,000 to Rs 2,00,000 Rs 15 + GST Above Rs 2,00,000 Rs 25 + GST (Source: pnbindia.in) .HDFC Bank NEFT transfer.Timings: Customers can make NEFT transactions from 8 am to 6:30 pm from Monday to Saturday, said HDFC Bank on its website..Amount: There is no maximum and minimum transfer limit according to the private lender's website. .Charges: The private lender charges Rs. 2.50 for transactions up to Rs. 10,000..table.htfc_tbl { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table.htfc_tbl th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: left; } table.htfc_tbl td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; width: 50%; } table.htfc_tbl td:last-child, table.htfc_tbl th:last-child { border-right: none; } .scroll { overflow: auto; } @media (max-width : 480px) { table.htfc_tbl, thead.htfc_tbl, tbody.htfc_tbl, th.htfc_tbl, td.htfc_tbl, tr.htfc_tbl { font-size: 14px; } table.htfc_tbl th.htfc_tbl, table.htfc_tbl td.htfc_tbl { padding: 4px; } } . Amount Charges Up to Rs 10,000 Rs 2.50 + GST Above Rs 10,000 and up to Rs 1 lakh Rs 5 + GST Above Rs 1 lakh and up to Rs 2 lakh Rs 15 + GST Above Rs 2 lakh Rs 25 + GST (Source: hdfcbank.com) .ICICI Bank NEFT transfer.Timings: Customers can make NEFT transactions from 8 am to 6:30 pm from Monday to Saturday, said ICICI Bank on its website..Amount: One can transfer a maximum of Rs. 10 lakh using NEFT payments service, according to the bank's website. However, is no minimum limit..Charges: The private lender charges Rs. 2.50 for transactions up to Rs. 10,000..table.icici_tbl { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table.icici_tbl th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: left; } table.icici_tbl td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } table.icici_tbl td:last-child, table.icici_tbl th:last-child { border-right: none; } .scroll { overflow: auto; } @media (max-width : 480px) { table.icici_tbl, thead.icici_tbl, tbody.icici_tbl, th.icici_tbl, td.icici_tbl, tr.icici_tbl { font-size: 14px; } table.icici_tbl th.icici_tbl, table.icici_tbl td.icici_tbl { padding: 4px; } } . Amount Charges Amounts up to Rs 10,000 Rs 2.50 + GST Amounts above Rs 10,000 and up to Rs 1 lakh Rs 5 + GST Amounts above Rs 1 lakh and up to Rs 2 lakh Rs 15 + GST Amounts above Rs 2 lakh and up to Rs 5 lakh Rs 25 + GST Amounts above Rs 5 lakh and up to Rs 10 lakh Rs 25 + GST (Source: icicibank.com) .Meanwhile, timings for fund transfer through RTGS or Real Time Gross Settlement have been extended by one-and-a-half hours to 6 pm for the general public from June 1, said Reserve Bank of India on Tuesday. The minimum amount to be remitted through RTGS is Rs. 2 lakh with no upper limit.

NEFT Charges, Timings, Transaction Limits Of Key Banks Explained Here

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP