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NEFT Charges – All Banks NEFT Charges and Fee Jul 2021

by Sudhir kumar

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The payment system of India has become advanced in the last two decades because now an individual can transfer money from one account to another in a few minutes. Many people use the mode of NEFT payment for transferring money from their accounts. But are you aware of the NEFT Charges or Fee that a bank levy on the money transferred? So, you can take a look at the Charges or the Fee levied by different banks when you transfer money through NEFT. These charges are also known as the NEFT Charges and they differ from bank to bank and amount to amount. Therefore, you must explore the charges of all the banks in this article.

NEFT Charges and Fee of Different Banks in India

SBI NEFT Charges

  • ₹2 for the NEFT up to ₹10000
  • ₹5 for the NEFT of Above ₹10000 to ₹1 Lac.
  • For the NEFT above ₹1 Lac to ₹2 Lacs the fee will be ₹15.
  • ₹25 for the NEFT amount above ₹2 Lacs.

NEFT Fee of the HDFC Bank

  • ₹2 + GST for the NEFT of up to ₹1 Lac.
  • ₹10 + GST for the NEFT of above ₹1 Lac.

ICICI Bank Charges for NEFT

  • ₹2.25 + GST for the NEFT up to ₹10000.
  • ₹4.75 + GST for the NEFT of Above ₹10000 to ₹1 Lac.
  • For the NEFT above ₹1 Lac to ₹2 Lacs the fee will be ₹14.75 + GST.
  • ₹24.75 for the NEFT amount above ₹2 Lacs.

Axis Bank fee for NEFT

There are no charges for the National Electronic Fund Transfer if you transfer money from your Axis Bank Savings or current account.

NEFT Charges of Canara Bank

  • ₹2.25 + GST for the NEFT up to ₹10000.
  • ₹4.75 + GST for the NEFT of Above ₹10000 to ₹1 Lac.
  • For the NEFT above ₹1 Lac to ₹2 Lacs the fee will be ₹14.75 + GST.
  • ₹24.75 for the NEFT amount above ₹2 Lacs.

NEFT Charges of the Indusind Bank

  • ₹2.50 + GST for the NEFT up to ₹10000.
  • ₹5 + GST for the NEFT of Above ₹10000 to ₹1 Lac.
  • For the NEFT above ₹1 Lac to ₹2 Lacs the fee will be ₹15 + GST.
  • ₹25 for the NEFT amount above ₹2 Lacs and up to ₹5 Lacs.
  • ₹50 for the NEFT amount above ₹5 Lacs.

Union Bank of India Fee for NEFT

  • ₹2.5 + Taxes for the NEFT up to ₹10000.
  • ₹5 + Taxes for the NEFT of Above ₹10000 to ₹1 Lac.
  • For the NEFT above ₹1 Lac to ₹2 Lacs the fee will be ₹15 + Taxes.
  • ₹25 + Taxes for the NEFT amount above ₹2 Lacs.

Bank of Baroda Charges for NEFT

  • ₹2.25 + GST for the NEFT up to ₹10000.
  • ₹4.75 + GST for the NEFT of Above ₹10000 to ₹1 Lac.
  • For the NEFT above ₹1 Lac to ₹2 Lacs the fee will be ₹14.75 + GST.
  • ₹24.75 for the NEFT amount above ₹2 Lacs.

NEFT Fee of the Central Bank of India

  • ₹2.5 + GST for the NEFT up to ₹10000.
  • ₹5 + GST for the NEFT of Above ₹10000 to ₹1 Lac.
  • For the NEFT above ₹1 Lac to ₹2 Lacs the fee will be ₹15 + GST.
  • ₹25 + GST for the NEFT amount above ₹2 Lacs.

NEFT Charges Punjab and National Bank

  • ₹2 + GST for the NEFT up to ₹10000.
  • ₹4 + GST for the NEFT of Above ₹10000 to ₹1 Lac.
  • For the NEFT above ₹1 Lac to ₹2 Lacs the fee will be ₹12 + GST.
  • ₹20 for the NEFT amount above ₹2 Lacs.

Indian Overseas Bank NEFT Fee

NIL for the Savings account and below are the charges for NEFT for other than savings account:-

  • ₹1 for the NEFT up to ₹10000.
  • ₹3 for the NEFT of Above ₹10000 to ₹1 Lac.
  • For the NEFT above ₹1 Lac to ₹2 Lacs the fee will be ₹11.
  • ₹19 for the NEFT amount above ₹2 Lacs.

Bandhan Bank NEFT Charges

  • ₹2 for the NEFT up to ₹10000.
  • ₹4 for the NEFT of Above ₹10000 to ₹1 Lac.
  • For the NEFT above ₹1 Lac to ₹2 Lacs the fee will be ₹14.
  • ₹14 for the NEFT amount above ₹2 Lacs.

Charges for NEFT of the IDFC First Bank

The IDFC First Bank doesn’t have any NEFT Charges for transferring money from your IDFC First savings account to any other account but you can do a maximum NEFT of ₹20 Lacs only.

Fee for NEFT for the IDBI Bank

  • NIL for the NEFT up to ₹10000.
  • ₹5 for the NEFT of Above ₹10000 to ₹1 Lac.
  • For the NEFT above ₹1 Lac to ₹2 Lacs the fee will be ₹15.
  • ₹25 for the NEFT amount above ₹2 Lacs.

Kotak Mahindra Bank NEFT Charges

  • ₹2.5 for the NEFT up to INR 10000.
  • ₹5 for the NEFT of Above ₹10000 to ₹1 Lac.
  • For the NEFT above ₹1 Lac to ₹2 Lacs the fee will be ₹15.
  • ₹25 for the NEFT amount above ₹2 Lacs.

YES BANK NEFT Charges

No charges shall be applicable if the NEFT is done through mobile or net banking. If the individual visits the branch then the following rate will apply:-

  • ₹2.5 for the NEFT up to ₹10000.
  • ₹5 for the NEFT of Above ₹10000 to ₹1 Lac.
  • For the NEFT above ₹1 Lac to ₹2 Lacs the fee will be ₹15.
  • ₹25 for the NEFT amount above ₹2 Lacs.

NEFT Charges South India Bank

If the NEFT is made through the branch:-

  • ₹2 for the NEFT up to ₹10000.
  • ₹4 for the NEFT of Above ₹10000 to ₹1 Lac.
  • For the NEFT above ₹1 Lac to ₹2 Lacs the fee will be ₹14.
  • ₹22 for the NEFT amount above ₹2 Lacs.

If the NEFT is done through Mobile Application or Net Banking:-

  • ₹1.25 for the NEFT up to ₹10000.
  • ₹2.50 for the NEFT of Above ₹10000 to ₹1 Lac.
  • For the NEFT above ₹1 Lac to ₹2 Lacs the fee will be ₹7.50.
  • ₹12.50 for the NEFT amount above ₹2 Lacs.

Fee and Charges of NEFT for Federal Bank

  • ₹2.5 + Taxes for the NEFT up to ₹10000.
  • ₹5 + Taxes for the NEFT of Above ₹10000 to ₹1 Lac.
  • For the NEFT above ₹1 Lac to ₹2 Lacs the fee will be ₹15 + Taxes.
  • ₹25 + Taxes for the NEFT amount above ₹2 Lacs.

NEFT Charges for the Bank of India

  • ₹2.5 for the NEFT up to ₹10000.
  • ₹5 for the NEFT of Above ₹10000 to ₹1 Lac.
  • For the NEFT above ₹1 Lac to ₹2 Lacs the fee will be ₹15.
  • ₹25 for the NEFT amount above ₹2 Lacs

Note:- All the charges will be applicable when you visit the bank’s branch to do the NEFT and the charges might differ if you make the NEFT through Net Banking or Mobile Applications.

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