ON THIS PAGE: NEFT Charges of Top Banks | FAQs
The NEFT money transfer charges for some of the top banks are mentioned below:
Transaction Type |
Amount |
NEFT Transaction Charges |
NEFT Tax Charges |
Online NEFT Transactions |
No Limit |
No online NEFT charges |
Nil |
NEFT transactions at branches |
Up to ₹1,00,000 |
₹2 |
Applicable NEFT GST charges |
Above ₹1,00,000 |
₹10 |
Applicable NEFT GST charges |
Transaction Type |
Amount |
NEFT Fees |
Other NEFT Payment Charges |
Online NEFT Transactions |
No Limit |
No NEFT charges for online payment |
Nil |
NEFT transactions at branches |
Less than or equal to ₹10,000 |
₹2 |
Applicable GST charges on NEFT |
₹10,001 to ₹1,00,000 |
₹4 |
Applicable GST charges on NEFT |
|
₹1,00,001 to ₹2,00,000 |
₹12 |
Applicable GST charges on NEFT |
|
Greater than ₹2,00,000 |
₹20 |
Applicable GST charges on NEFT |
Transaction |
Charges |
Up to ₹10,000 |
₹2.25 + GST |
Above ₹10,000 and upto ₹1 lakh |
₹4.75 + GST |
Above ₹1 lakh and upto ₹2 lakh |
₹14.75 + GST |
Above ₹2 lakh and upto ₹10 lakh |
₹24.75 + GST |
Inward Transaction |
Free |
|
Outward Transaction |
||
Transaction Value |
From Branch |
From IBS/MBS |
Upto ₹10,000 |
₹2 + GST |
NIL |
Above ₹10,000 - ₹1 lakh |
₹4 + GST |
|
Above ₹1 lakh - ₹2 lakh |
₹12 + GST |
|
Above ₹2 lakh |
₹20 + GST |
Online Transactions by Savings Account Holder |
NIL |
Offline Transactions made at Branch |
|
Up to ₹10,000 |
₹2.25 |
₹10,001 and up to ₹1 Lakh |
₹4.75 |
Above ₹1 Lakh and up to ₹2 Lakh |
₹14.75 |
Above ₹2 Lakh |
₹24.75 |
Amount |
NEFT Charges |
Upto ₹10,000 |
₹2.50 + GST |
₹10,000 to ₹1 Lakh |
₹5 + GST |
₹1 Lakh to ₹2 Lakh |
₹15 + GST |
₹2 Lakh to ₹5 Lakh |
₹25 + GST
|
₹5 Lakh to ₹10 Lakh |
₹25 + GST
|
Amount |
NEFT Charges |
Upto ₹10,000 |
₹2.50 |
Upto ₹1 Lakh |
₹5 |
₹1 Lakh-₹2 Lakh |
₹15 |
₹2 Lakh and above |
₹25 |
Inward NEFT Transfer |
Free |
Outward Charges |
|
Upto ₹10,000 |
₹2.50 |
Upto ₹1 Lakh |
₹5 |
₹1 Lakh to ₹2 Lakh |
₹15 |
₹2 Lakh to ₹5 Lakh |
₹25 |
Above ₹5 Lakh |
₹50 |
Savings Account |
Current Account |
||||
Inward |
Free |
Inward |
Free |
||
Outward (Through Mobile Banking) |
Free |
Outward (Through Mobile Banking) |
Free |
||
Outward (Through Branch) |
Upto ₹10,000 |
₹2.50 |
Outward (Through Branch) |
Upto ₹1 Lakh |
₹5 |
₹10,001 to ₹1 Lakh |
₹5 |
Above ₹1 Lakh |
₹25 |
||
₹1 Lakh to ₹2 Lakh |
₹15 |
- |
- |
||
Above ₹2 Lakh |
₹25 |
- |
- |
|
Branch Level |
Mobile/ Internet Banking [For SB Accounts ONLY] |
Mobile/ Internet Banking [For all other Accounts |
Upto ₹10,000 |
₹2 |
Nil |
₹1.25 |
₹10,000 to ₹1 Lakh |
₹4 |
Nil |
₹2.50 |
₹1 Lakh to ₹2 Lakh |
₹14 |
Nil |
₹7.50 |
Above ₹2 Lakh |
₹22 |
Nil |
₹12.50 |
More About Payments & Other Credit Cards |
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The NEFT fund transfer charges vary from bank to bank. While most banks do not impose NEFT service charges for online transactions, you may be charged a fee for initiating NEFT transactions offline from bank’s branches.
The NEFT rates vary based on the amount you transfer; the fees would include the applicable GST charges too.
As per the Reserve Bank of India notification, NEFT charges are waived off for savings account holders who initiate NEFT transactions via online channels.