NEFT

National Electronic Funds Transfer (NEFT) is an efficient, secure, economical, reliable and expeditious electronic funds-transfer system, settled in half-hourly batches, reducing reliance on paper-based clearing.

Features

• Electronic transfer to any participating bank account across India.
• Settled in half-hourly batches throughout the day.
• Suitable for routine and lower-value fund transfers.

Eligibility

• Customers maintaining an operative account (Savings, Current, or verified CC/OD).
• Walk-in customers permitted, limited to cash payments up to ₹50,000.
• New account customers cannot use outward NEFT for the first 7 days.
• Outward NEFT must be initiated from the customer’s home/base branch only.

How to Apply

• Fill out an NEFT transfer slip at your branch, or ask staff about NEFT-enabled account access.