Instant Money Transfer: Charges Levied By Top Lenders For NEFT Transaction

National Electronic Funds Transfer or NEFT is a nation-wide payment system that enables electronic transfer of funds. Under the NEFT scheme, individuals, firms and corporates can electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country participating in the scheme, according to the Reserve Bank of India (RBI)'s website- rbi.org.in. In NEFT, fund transactions are executed in half-hourly batches. At present, most banks in the country support NEFT payments..Major lenders in the country such as state-run SBI (State Bank of India) and private sector peers HDFC Bank and ICICI Bank charge a certain amount from their customers per NEFT transaction, depending on the mode of transaction - whether it is through online/mobile banking or through a bank branch - and amount of money..(Also read: Charges Levied By Banks For Immediate Payment Service).Here's a comparison of NEFT charges levied by SBI, HDFC Bank and ICICI Bank:.State Bank of India (SBI):.SBI charges different fee from its customers for making NEFT transactions, depending upon whether the transaction is made through online/mobile banking or by way of visiting a bank branch. Here are the NEFT charges levied by SBI as mentioned on bank's website - sbi.co.in:.table.tble_wrap4 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table.tble_wrap4 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tble_wrap4 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table.tble_wrap4, thead, tbody, th, td, tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; } table.tble_wrap4, thead, tbody, th, td, tr { font-size: 12px; } table.tble_wrap4 th { padding: 3px; } table.tble_wrap4 td { padding: 3px; } /*tabl.tble_wrap4e th:nth-child(3), table.tble_wrap4 td:nth-child(3), table.tble_wrap4 th:nth-child(4), table.tble_wrap4 td:nth-child(4) { display: none; }*/ } /* iPads (portrait and landscape) ----------- */ @media only screen and (min-device-width: 768px) and (max-device-width: 1024px) { body { width: 495px; } } /*Media Query END*/ . Item Transaction Slab Charges (exclusive of Goods and Service Tax) Internet banking charges (exclusive of Goods and Service Tax) NEFT Up to Rs 10,000 Rs 2.50 Rs 1 Up to Rs1 lakh Rs 5.00 Rs 2 Above Rs 1 lakh to Rs 2 lakh Rs 15.00 Rs 3 Above Rs 2 lakh Rs 25.00 Rs 5 .HDFC Bank. HDFC Bank currently charges no fee for NEFT transactions made online while the lender charges a fee for NEFT transfers done through a bank branch. Here are the NEFT charges levied by HDFC Bank as mentioned on bank's website - hdfcbank.com:.table.tble_wrap { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table.tble_wrap th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tble_wrap td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } table.tble_wrap td:last-child, table.tble_wrap th:last-child { border-right: none; } /*Media Query start*/ .scroll{ overflow:scroll; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { table.tble_wrap, thead.tble_wrap, tbody.tble_wrap, th.tble_wrap, td.tble_wrap, tr.tble_wrap { font-size: 14px; } table.tble_wrap th.tble_wrap{ padding: 4px; } table.tble_wrap td.tble_wrap { padding: 4px; } table.tble_wrap th:nth-child(), table.tble_wrap td:nth-child(), { display: none; } } /*Media Query END*/ . Item Transaction Slab Transaction charges for NEFT from HDFC Bank branches NEFT Up to Rs 10,000 Rs 2.50 + Applicable GST Above Rs 10,000 and up to Rs 1 lakh Rs 5 + Applicable GST Above Rs 1 lakh and up to Rs 2 lakh Rs 15 + Applicable GST Above Rs 2 lakh Rs 25 + Applicable GST ICICI Bank Here are the NEFT charges levied by ICICI Bank as mentioned on bank's website - icicibank.com: table.table1 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.table1 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.table1 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; text-align: center; } table.table1 th:nth-child(1), table.table1 td:nth-child(1) { width: 40%; text-align: left; } table.table1 th:nth-child(1) { width: 40%; text-align: center; } table.table1 th:last-child, table.table1 td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.table1 { display: table; min-width: 280px; max-width: 100%; } table.table1 th, table.table1 td, table.table1 th:nth-child(n+1), table.table1 td:nth-child(n+1) { display: table-cell; line-height: normal; } Transaction slab Transaction Charges for NEFT Amount up to Rs 10,000 Rs 2.50 + Applicable GST Amount above Rs 10,000 and up to Rs 1 lakh Rs 5 + Applicable GST Amount above Rs 1 lakh and up to Rs 2 lakh Rs 15 + Applicable GST Amount above Rs 2 lakh and up to Rs 5 lakh (Incl. Rs 2 lakh for RTGS) Rs 25 + Applicable GST Amount above Rs 5 lakh and up to Rs 10 lakh Rs 25 + Applicable GST Most banks in the country also offer the facility of Immediate Payment Service (IMPS) and Real Time Gross Settlement (RTGS) service for transfer of funds. .table.tab_5 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 14px; } table.tab_5 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tab_5 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; } table.tab_5 th:nth-child(1), table.tab_5 td:nth-child(1) { width: 40%; text-align: left; } table.tab_5 th:last-child, table.tab_5 td:last-child { border-right: 0; } .scroll { overflow: auto;} @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.tab_5 { display: table; min-width: 280px; max-width: 100%; } table.tab_5 th, table.tab_5 td, table.tab_5 th:nth-child(n+1), table.tab_5 td:nth-child(n+1) { display: table-cell; line-height: normal; } table.tab_5 th:last-child, table.tab_5 td:last-child { border-right: 0; } }

Instant Money Transfer: Charges Levied By Top Lenders For NEFT Transaction

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP