RBL Bank NEFT Charges and Transfer Timings
RBL Bank NEFT Charges and Transfer Timings
RBL Bank does not charge any fee for NEFT transactions done through net banking or the RBL MoBANK+ app. NEFT transfers initiated at branches attract a nominal fee based on the transfer amount as per RBI guidelines.
RBL Bank NEFT Charges
- Online (net banking or RBL MoBANK+): Free, no charges.
- Branch NEFT up to Rs. 10,000: Rs. 2.50 plus GST
- Branch NEFT Rs. 10,001 to Rs. 1 lakh: Rs. 5 plus GST
- Branch NEFT Rs. 1 lakh to Rs. 2 lakh: Rs. 15 plus GST
- Branch NEFT above Rs. 2 lakh: Rs. 25 plus GST
These are standard RBI-prescribed charges. Verify the current fee schedule on the RBL Bank website as charges can be revised.
NEFT Timings
As per RBI guidelines, NEFT operates on an around-the-clock basis (24×7), including Sundays and bank holidays. Transfers are settled in half-hourly batches throughout the day.
How to Do NEFT via RBL MoBANK+
- Log in to RBL MoBANK+.
- Go to Fund Transfer and select NEFT.
- Add the beneficiary with their name, account number, and IFSC code.
- Enter the transfer amount and remarks.
- Verify with OTP and confirm.
NEFT vs IMPS vs RTGS
- NEFT: Free online, settled in batches every 30 minutes, any amount.
- IMPS: Instant, nominal charges, available 24×7.
- RTGS: For transfers above Rs. 2 lakh, real-time settlement.
FAQ
Is RBL Bank NEFT free for online transfers?
Yes, NEFT transfers done through RBL MoBANK+ or net banking are completely free. Charges apply only for branch-initiated NEFT transactions.
How long does NEFT take in RBL Bank?
NEFT is settled in half-hourly batches. A transfer initiated at any time will typically credit the beneficiary within 30 minutes to 2 hours during normal operation.
Can I do NEFT at night or on Sunday with RBL Bank?
Yes. RBI has made NEFT available 24×7. You can initiate a transfer at any time, including nights, weekends, and public holidays.
Key Takeaways
- Online NEFT is free via RBL MoBANK+ and net banking.
- Branch NEFT carries a fee of Rs. 2.50 to Rs. 25 depending on amount.
- NEFT operates 24×7 with half-hourly batch settlements.
- For instant transfers, use IMPS instead of NEFT.
- RTGS is recommended for transfers above Rs. 2 lakh.
