NEFT (National Electronic Fund Transfer)
Providing the Customers with the facility of NEFT fund transfer as a Direct member Bank.
- Speed: While not as instant as RTGS, NEFT offers relatively fast transfers, especially compared to traditional methods.
- Security: NEFT is a secure system, backed by RBI's robust infrastructure.
- Accessibility: It is widely available in most banks in India.
- Cost-effective: Generally, NEFT transactions are more cost-effective than RTGS, especially for small amounts.
- Time: Due to batch processing, NEFT transfers may take a few hours to complete, depending on the time of the transaction and the batch processing schedule.
NEFT Charges |
Sr.No |
Outward Transactions Period |
Charges |
1 |
1 To 50000 |
Free |
2 |
50001 to 200000 |
Free |
3 |
200001 to 500000 |
Free |
4 |
500001 to Above |
Free |