Need to transfer money safely from your Indian Bank account to another bank? NEFT (National Electronic Funds Transfer) is a secure, RBI-approved system that allows you to do just that — either online or at a branch.
This guide explains Indian Bank NEFT charges, limits, timings, and step-by-step usage.
What Is NEFT?
NEFT is a digital payment system regulated by the Reserve Bank of India (RBI) that allows bank-to-bank fund transfers across India.
✅ Safe, secure, and RBI-backed
✅ Works 24×7 (for online banking)
✅ Best for non-urgent, domestic transactions
Indian Bank NEFT Charges (2025)
Indian Bank follows RBI guidelines — NEFT is completely free when done online. Charges apply only for branch-based NEFT transfers.
NEFT Charges at Branch (Offline Transactions):
| Transfer Amount | 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 to these amounts.
NEFT Charges for Online Transfers:
Free of cost when using:
- Indian Bank Net Banking
- IndOASIS Mobile App
Indian Bank NEFT Timings
| Platform | NEFT Timing |
|---|---|
| Online | 24×7 (including holidays) |
| At Branch | During banking hours (typically 10 AM to 4 PM on weekdays, till 1 PM on working Saturdays) |
NEFT works in half-hourly settlement batches, so funds typically reflect within 30–120 minutes.
NEFT Transaction Limits at Indian Bank
| Mode | Minimum | Maximum per Day |
|---|---|---|
| Internet Banking | ₹1 | ₹10 lakhs |
| Mobile Banking | ₹1 | ₹5 lakhs |
| Branch | ₹1 | No fixed cap (based on account) |
Limits can be raised by submitting a request at your branch or through net banking.
How to Use NEFT in Indian Bank
Net Banking:
- Log in at https://www.indianbank.net.in
- Go to Funds Transfer → NEFT
- Add or select a beneficiary
- Enter the amount, purpose, and submit using OTP
Mobile App (IndOASIS):
- Open the IndOASIS app
- Tap on “Fund Transfer → NEFT”
- Choose the account and beneficiary
- Enter the amount → Confirm using MPIN/OTP
At the Branch:
- Fill out the NEFT form with receiver’s:
- Name, Account Number, IFSC Code
- Submit the form along with cash/cheque (if applicable)
FAQs
Q1: Is NEFT free in Indian Bank?
A. Yes, NEFT is free via online and mobile banking. Branch-based transfers attract small fees.
Q2: Can I use NEFT on Sunday or a public holiday?
A. Yes, online NEFT works 24×7, including weekends and holidays.
Q3: What happens if the transaction fails?
A. The amount is typically refunded within 1–2 working days. Contact customer care if not.
Q4: Do I need IFSC code for NEFT?
A. Yes, the IFSC code of the recipient’s bank branch is required.
Key Takeaways
- Online NEFT is free at Indian Bank (via net & mobile banking)
- Branch NEFT charges start from ₹2.25 + GST
- NEFT works 24×7 online and during branch hours offline
- Ideal for safe, scheduled bank-to-bank money transfers
