{"id":7568,"date":"2025-07-09T12:24:50","date_gmt":"2025-07-09T12:24:50","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/?post_type=banking&p=7568"},"modified":"2025-07-09T12:25:03","modified_gmt":"2025-07-09T12:25:03","slug":"bank-of-india-neft-charges-fees-limits-timings-2025-guide","status":"publish","type":"banking","link":"https:\/\/lemonn.co.in\/blog\/banking\/bank-of-india-neft-charges-fees-limits-timings-2025-guide\/","title":{"rendered":"Bank of India NEFT Charges \u2013 Fees, Limits & Timings (2025 Guide)"},"content":{"rendered":"\n

Need to transfer money from your Bank of India account? NEFT (National Electronic Funds Transfer)<\/strong> is one of the safest and most commonly used ways to do it \u2014 whether online or at the branch.<\/p>\n\n\n\n

This guide covers Bank of India NEFT charges<\/strong>, transfer limits, timings, and how to make free transfers using digital channels.<\/p>\n\n\n\n

What Is NEFT?<\/h2>\n\n\n\n

NEFT is a nationwide electronic fund transfer system regulated by the Reserve Bank of India (RBI)<\/strong>. It allows secure, bank-to-bank money transfers \u2014 24\u00d77 if done online.<\/p>\n\n\n\n

Ideal for personal and business payments
Works even on holidays (online)
Widely accepted by all Indian banks<\/p>\n\n\n\n

Bank of India NEFT Charges (2025)<\/h2>\n\n\n\n

Bank of India offers free NEFT transfers via online banking<\/strong>. Charges apply only when NEFT is done at a branch<\/strong>.<\/p>\n\n\n\n

NEFT Charges at Branch (Offline):<\/h3>\n\n\n\n
Amount Transferred<\/th>Charges (Excl. GST)<\/th><\/tr><\/thead>
Up to \u20b910,000<\/td>\u20b92.25<\/td><\/tr>
\u20b910,001 \u2013 \u20b91 lakh<\/td>\u20b94.75<\/td><\/tr>
\u20b91 lakh \u2013 \u20b92 lakhs<\/td>\u20b914.75<\/td><\/tr>
Above \u20b92 lakhs<\/td>\u20b924.75<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

GST at 18% will be added on top of these charges.<\/em><\/p>\n\n\n\n

NEFT Charges for Online Transfers<\/h3>\n\n\n\n

Free of cost<\/strong> when using:<\/p>\n\n\n\n

    \n
  • BOI Internet Banking<\/strong><\/li>\n\n\n\n
  • BOI Mobile App (BOI BTM or StarConnect)<\/strong><\/li>\n\n\n\n
  • UPI-based transfers (if NEFT is the backend)<\/strong><\/li>\n<\/ul>\n\n\n\n

    Save time and money by using digital banking instead of visiting the branch<\/strong>.<\/p>\n\n\n\n

    Bank of India NEFT Timings<\/h2>\n\n\n\n
    Mode<\/th>Timing<\/th><\/tr><\/thead>
    Online<\/strong><\/td>24\u00d77 (365 days)<\/td><\/tr>
    Branch<\/strong><\/td>Usually 10 AM to 4 PM (weekdays), until 1 PM (working Saturdays)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    NEFT transfers are processed in half-hourly batches<\/strong>. Funds usually reach within 30 minutes to 2 hours<\/strong>.<\/p>\n\n\n\n

    NEFT Transaction Limits<\/h2>\n\n\n\n
    Platform<\/th>Daily Limit<\/th><\/tr><\/thead>
    Internet Banking<\/td>\u20b910 lakhs<\/td><\/tr>
    Mobile Banking<\/td>\u20b95 lakhs (default)<\/td><\/tr>
    Branch Transfer<\/td>Based on customer profile<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Limits can be increased by submitting a request via net banking or visiting your branch.<\/p>\n\n\n\n

    How to Use NEFT at Bank of India<\/h2>\n\n\n\n

    Internet Banking:<\/h3>\n\n\n\n
      \n
    1. Log in at https:\/\/bankofindia.co.in<\/li>\n\n\n\n
    2. Navigate to Funds Transfer \u2192 NEFT<\/strong><\/li>\n\n\n\n
    3. Add or select a beneficiary<\/li>\n\n\n\n
    4. Enter the amount and confirm with OTP<\/li>\n<\/ol>\n\n\n\n

      Mobile Banking (BOI BTM or BOI Mobile App):<\/h3>\n\n\n\n
        \n
      1. Open the app and log in<\/li>\n\n\n\n
      2. Go to Transfer Funds \u2192 NEFT<\/strong><\/li>\n\n\n\n
      3. Select account and beneficiary<\/li>\n\n\n\n
      4. Enter details and authorize the transfer<\/li>\n<\/ol>\n\n\n\n

        Branch Transfer:<\/h3>\n\n\n\n
          \n
        1. Fill out the NEFT form<\/strong><\/li>\n\n\n\n
        2. Provide receiver’s name, account number, and IFSC code<\/li>\n\n\n\n
        3. Submit with cheque or cash<\/li>\n<\/ol>\n\n\n\n

          FAQs<\/h2>\n\n\n
          \n
          \n
          \n

          Q1: Is NEFT free at Bank of India?<\/h3>\n
          \n\n

          A. Yes, online NEFT is free<\/strong>. Charges apply only for branch-based transfers<\/strong>.<\/p>\n\n<\/div>\n<\/div>\n

          \n

          Q2: Can I use NEFT on weekends?<\/h3>\n
          \n\n

          A. Yes, NEFT is available 24\u00d77<\/strong> online, including Sundays and holidays.<\/p>\n\n<\/div>\n<\/div>\n

          \n

          Q3: What if my NEFT transfer fails?<\/h3>\n
          \n\n

          A. The money is usually refunded within 1\u20132 working days<\/strong>. Contact customer care if not.<\/p>\n\n<\/div>\n<\/div>\n

          \n

          Q4: What do I need to make an NEFT payment?<\/h3>\n
          \n\n

          A.
          Recipient’s name<\/strong>
          Account number<\/strong>
          IFSC code<\/strong>
          Amount to transfer<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n

          Key Takeaways<\/h2>\n\n\n\n
            \n
          • Bank of India NEFT is free online<\/strong>, but branch transfers have small fees<\/li>\n\n\n\n
          • NEFT works 24\u00d77 via net and mobile banking<\/strong><\/li>\n\n\n\n
          • Safe and RBI-approved method for fund transfers<\/li>\n\n\n\n
          • Save time and charges by using BOI digital channels<\/strong><\/li>\n<\/ul>\n\n\n\n

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