Need to transfer money safely to another bank account? NEFT (National Electronic Funds Transfer) by Canara Bank is a secure and widely-used method to send money across India.
Here’s everything you need to know about Canara Bank NEFT charges, limits, timings, and how to use it effectively in 2025.
What Is NEFT?
NEFT is an RBI-regulated digital payment system that allows you to transfer funds from your Canara Bank account to any other bank account in India.
Secure & reliable
Works 24×7 (online)
Ideal for personal and business payments
Canara Bank NEFT Charges (2025)
Canara Bank does not charge any fees for NEFT transactions done through:
- Internet banking
- Mobile banking
- UPI
NEFT is FREE online.
NEFT Charges at the Branch (Offline):
| Amount Transferred | NEFT Charges* (Excl. GST) |
|---|---|
| Up to ₹10,000 | ₹2.25 |
| ₹10,001 to ₹1 lakh | ₹4.75 |
| ₹1 lakh to ₹2 lakhs | ₹14.75 |
| Above ₹2 lakhs | ₹24.75 |
GST (18%) will be added on top of these charges.
Canara Bank NEFT Timings
| Mode | Timings |
|---|---|
| Online | 24×7×365 |
| At Branch | Usually 10 AM to 4 PM on weekdays, shorter hours on Saturdays |
NEFT is processed in half-hourly batches, so funds typically reach within 30 minutes to 2 hours.
NEFT Transfer Limits
| Platform | Minimum | Maximum per day |
|---|---|---|
| Internet Banking | ₹1 | ₹10 lakhs (default) |
| Mobile Banking | ₹1 | ₹5 lakhs (default) |
| Branch | ₹1 | No fixed limit (depends on account profile) |
You can request a higher limit by visiting your branch or using net banking.
How to Use NEFT at Canara Bank
Online via Net Banking:
- Log in to https://canarabank.com
- Go to “Transfers” → “NEFT”
- Add a beneficiary (if not done already)
- Enter amount, remarks, and confirm with OTP
Via Mobile Banking (Canara ai1 App):
- Open the Canara ai1 app
- Tap “Transfer” → “NEFT”
- Select account & beneficiary
- Enter amount → Authorize using mPIN or OTP
At the Branch:
- Fill out the NEFT form with:
- Beneficiary’s name, account number, IFSC code
- Submit it along with cheque or cash
- The bank will process it during NEFT hours
FAQs
Q1: Is NEFT free in Canara Bank?
A. Yes, NEFT is free via net banking and mobile banking. Charges apply only at the branch.
Q2: Can I send NEFT on Sunday?
A. Yes, if you’re using online platforms. NEFT is available 24×7, including weekends and holidays.
Q3: How long does NEFT take?
A. Usually 30 minutes to 2 hours, depending on the receiving bank’s processing.
Q4: What if my NEFT transaction fails?
A. The amount is refunded automatically within 1–2 working days. You can contact customer care or your branch for help.
Key Takeaways
- NEFT is free online, but branch transactions incur fees
- Transfers are processed in real-time batches, 24×7
- Safe, reliable option for personal or business payments
- Prefer online banking to save time and money
