Ujjivan SFB NEFT Charges and Transfer Guide
Ujjivan SFB NEFT Charges and Transfer Guide
Ujjivan Small Finance Bank does not charge for NEFT transfers made through net banking or the Hi Ujjivan app. Branch-based NEFT may carry charges per RBI-prescribed slabs.
NEFT Charges
- Via Hi Ujjivan app or net banking: Free
- Via branch: Rs 2 to Rs 25 per transaction (RBI slab-based)
NEFT Limits
- Minimum: Rs 1
- Maximum: No RBI cap; bank may set daily limits based on account type.
How to Transfer via NEFT on Hi Ujjivan App
- Log in to the Hi Ujjivan app.
- Tap Transfer and select NEFT.
- Add the beneficiary: account number, IFSC, and name.
- Enter the amount and authenticate with MPIN or OTP.
- The transfer enters the next hourly batch.
How NEFT Works
NEFT processes transfers in hourly batches, 24×7, including weekends and holidays (since December 2019 per RBI directive). A transfer at 2:45 PM goes in the 3 PM batch and the beneficiary receives funds within 30 to 60 minutes.
Key Takeaways
- Free NEFT via the Hi Ujjivan app and net banking.
- Batch-based, not real-time: expect 30 to 60 minutes for credit.
- Available 24×7 including bank holidays.
- No upper limit from RBI; daily bank limits may apply.
FAQ
Is NEFT faster or slower than IMPS?
IMPS is faster (real-time credit) while NEFT processes in hourly batches. For urgent transfers use IMPS. For non-urgent transfers of any amount, NEFT is equally reliable and free.
Can I send NEFT from Ujjivan SFB to a foreign bank account?
No. NEFT is a domestic payment system within India. For international transfers, you need a wire transfer or SWIFT service; contact the branch for details.
What happens to an NEFT transfer if the beneficiary account is wrong?
The transfer will be returned to your account if the account number or IFSC is incorrect, usually within a few hours to 2 working days. Always double-check beneficiary details before confirming.
