CUB NEFT Charges, Timings, and Transfer Limits
CUB NEFT Charges, Timings, and Transfer Limits
City Union Bank does not charge for NEFT transfers made through CUB net banking or the CUB mBanking app, in line with RBI guidelines. Branch-initiated NEFT transfers carry a small charge based on the amount transferred.
CUB NEFT Charges
As per RBI directives effective from January 2020, all online NEFT transactions are free of charge for customers.
- Online NEFT (net banking / CUB mBanking): Free
- Branch NEFT (up to Rs. 10,000): Rs. 2 to Rs. 5 + GST
- Branch NEFT (Rs. 10,001 to Rs. 1 lakh): Rs. 5 to Rs. 15 + GST
- Branch NEFT (Rs. 1 lakh to Rs. 2 lakh): Rs. 15 to Rs. 25 + GST
- Branch NEFT (above Rs. 2 lakh): Rs. 25 + GST
Confirm exact branch charges with your CUB branch as these may be revised.
CUB NEFT Transfer Timings
NEFT operates on a 24×7 basis as mandated by RBI since December 2019. Settlements happen in half-hourly batches throughout the day and night.
- Available all days including weekends and bank holidays
- Fund credit to beneficiary typically within 30 minutes to 2 hours
- No blackout periods under the 24×7 system
CUB NEFT Transaction Limits
- Minimum amount: Rs. 1
- Maximum per transaction: No RBI-prescribed upper cap (bank limits may apply)
- Daily transaction limits on CUB net banking vary by account profile
How to Transfer via NEFT on CUB mBanking
- Open CUB mBanking and go to Fund Transfer
- Select NEFT
- Add beneficiary with IFSC code and account number
- Enter the amount and confirm with MPIN or OTP
- Note the transaction reference number
Frequently Asked Questions
Is NEFT free in CUB net banking?
Yes. As per RBI mandate, CUB does not charge for NEFT transfers initiated through net banking or the CUB mBanking app.
How long does CUB NEFT take?
NEFT operates in 24×7 half-hourly batches. Credit to the beneficiary typically happens within 30 minutes to 2 hours.
What is the IFSC code for City Union Bank?
Each CUB branch has a unique IFSC code. Find your branch’s IFSC on your cheque book, passbook, or the branch locator on cityunionbank.com.
Key Takeaways
- Online CUB NEFT transfers are free as per RBI mandate
- Branch NEFT carries nominal charges based on transfer amount
- NEFT is available 24×7 with half-hourly batch settlements
- Minimum NEFT amount: Rs. 1; no upper cap set by RBI
- IFSC code is available on your CUB cheque book and passbook
