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MINIMUM AMOUNT

1/-

MAXIMUM AMOUNT

No Upper Limit

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NEFT is electronic funds transfer system, which facilitates transfer of funds to other bank accounts across the country. Customers may remit any amount using NEFT facility available at the branch.

Customer intending to remit money through NEFT mode has to furnish the following details:

Full account number of the Beneficiary
Name of the Beneficiary
IFSC (Indian Financial System Code)of the Beneficiary Bank/Branch

Frequently Asked Questions

What is NEFT?

The National Electronic Funds Transfer System (NEFT) is a system which provide facility to transfer funds electronically from your account with us to another account in other Banks anywhere in India

Is there any minimum/maximum limit with regard to amount to be remit?

There is no limit. Any amount can be transferred.

What is UTR number?

Unique Transaction Reference (UTR) number is a 22 character code used to uniquely identify a transaction in RTGS system

Can the money be transferred to any Bank in the country?

No. Money can be transferred to only those Branches of Banks where this NEFT facility is enabled. You need to check with Beneficiary whether their Bank is having NEFT facility before initiating remittance from our Bank.

How do I know whether the Branch where the money is to be remit is enabled for NEFT?

You can either get the information from website https://www.rbi.org.in/scripts/neft.aspx or you may get the information from the Bank where you are operating the account.

Can I receive / send remittances from NRI Accounts?

Yes. Subject to applicability of provisions of FEMA

What is the procedures to transfer the funds through NEFT?

Approach the nearest branch and fill up the application Form wherein you have to give the details of your account no, amount to be transferred, beneficiaries name, Bank and Branch and IFSC code of the beneficiary bank

What is IFSC Code and where would I get it ?

Indian Financial System Code (IFSC) is a unique code of 11 digits of the NEFT enabled Branches. Normally, this code will be printed on the cheque books or it may be obtained from the nearest branch of our Bank.

How long will it take to reach funds to beneficiary ?

Beneficiary would get the funds on the same day or the next day depending on the time of remittance.

Can I send remittances abroad through NEFT?

No. It is applicable to within the country

Can I receive Remittances from abroad to my account through NEFT?

No.

Can I initiate Stop fund transfer for NEFT?

Once the transaction is put through, you cannot stop the fund transfer. You have to approach Beneficiary Bank/Branch.

Can I Received the funds from my clients in the same way?

Yes. Tell your clients/vendor to transfer funds through NEFT. Give your Branch IFSC code and 20 -digit account number to your client/vendor.

How do I come to know about the funds transfer?

Either you can get the confirmation from the beneficiary himself OR from your branch, from where the transaction is initiated.