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Amount Transfer Limit on NEFT

National Electronic Funds Transfer (NEFT) is a 24x7 service that allows you to seamlessly transfer funds from one bank account to another. Available throughout, the RBI has set the minimum NEFT limit as ₹1 with no upper limit.

 

However, while the RBI has not imposed any maximum NEFT limit, banks have the discretion to set limits as per their policies and approval. Generally, banks set a maximum limit on the amount you can transfer in one transaction or throughout the day. 


To know the NEFT limit of your bank, ask a representative, either by visiting the branch or by contacting customer care. You can also check the limit on the official website of the bank.

 

To know more about NEFT and the limit by some top banks, read on.

What are Some Popular Terms Related to NEFT Amount Limit?

There are three types of limits you are likely to come across when exploring the NEFT limit set by your bank:

1. NEFT Maximum Limit

This refers to the maximum amount that you can transfer per transaction.

2. NEFT Minimum Limit

This is the minimum amount of money that you can transfer per transaction. Typically, there is no lower limit, and you can transfer as low as ₹1. However, this depends on the bank with which you initiate the transaction.

3. NEFT Limit Per Day

The NEFT transfer limit per day refers to the maximum amount you can transfer in one day. It is also referred to as the NEFT maximum limit per day.

What is the NEFT Transfer Limit for Popular Banks?

The Reserve Bank of India (RBI) has set no maximum limit on NEFT transactions, and the minimum amount can go as low as ₹1. However, banks have the discretion to change and set the limit as per their policies and with the approval of their board.

 

Given below is an overview of the minimum and maximum NEFT limits for some of the top banks:

1. HDFC Bank NEFT Transaction Limit

7:00 AM to 7:00 PM
on RBI working day

Maximum NEFT limit per day via online channels:

As per your set Third-Party Funds Transfer limit (maximum up to ₹50 Lakhs)

7:00 PM to 7:00 AM

on bank working days and holidays (including 2nd and 4th Saturdays)

NEFT fund transfer limit per day via online channels:

As per your set Third-Party Funds Transfer limit

(₹2 Lakh per transaction; maximum up to ₹50 Lakhs)

Branch working hours

NEFT fund transfer limit offline at branches:

No NEFT upper limit

There is no minimum limit on NEFT transfers.

2. Axis Bank NEFT Daily Limit

7:00 AM to 7.30 PM

No limit (on working days)

9:30 PM

No limit (on working days) through CMS online channel

After 7:00 PM till 7:00 AM

Up to ₹1 Crore (on working days) through mobile banking/RIB/CMS

7:00 AM to 7:00 PM (on working days) through mobile banking/RIB/CMS

Up to ₹1 Crore per transaction

There is no minimum limit on NEFT transfers. Under the Indo-Nepal Remittance Facility Scheme, for cash-based remittances within India and to Nepal, the NEFT cash transfer limit is ₹50,000 per transaction. Also, intra-bank transfers have no limit on amount and time.

3. State Bank of India NEFT Limit

NEFT minimum and maximum limits for retail banking:

NEFT Minimum Limit

No minimum NEFT payment limit

Maximum NEFT Limit

₹10 Lakhs

NEFT money transfer limit for corporate internet banking:

NEFT Minimum Limit

 

No minimum NEFT payment limit

Maximum NEFT Limit Per Transaction

Saral

₹10 Lakhs

Vyapaar

₹50 Lakhs

Vistaar

₹2,000 Crores

NEFT Max Limit Per Day

Saral

₹10 Lakhs

Vyapaar

No maximum NEFT limit

Vistaar

 

No maximum NEFT limit

4. Citibank NEFT Limit

8:00 AM to 7:00 PM

(Monday to Friday and working Saturdays)

Maximum NEFT limit per day via Citibank online: 

For Citigold Private Clients and Citigold customers: Up to ₹75 Lakhs

For Others: Up to ₹ 25 Lakhs

8:00 AM to 7:00 PM

(Monday to Friday and working Saturdays)

NEFT fund transfer limit per day via mobile banking:

For Citigold Private Clients and Citigold customers: Up to ₹25 Lakhs

For Others: Up to ₹15 Lakhs

7:00 PM to 8:00 AM on the next working day

 

 

Combined limit for NEFT and RTGS: ₹3 Lakhs

Sundays and Bank Holidays

 

Combined limit for NEFT and RTGS: ₹3 Lakhs

5. RBL Bank NEFT Transfer Limit

NEFT Transfer via RBL Bank Branch

No maximum NEFT payment limit

NEFT Transfer via Mobile/Internet Banking

NEFT max limit up to ₹6 Lakhs

There is no minimum limit for NEFT transfers.

 

As the NEFT limit varies from bank to bank, it is best to check with your banking partner about the terms and conditions of NEFT transfer to ensure transparency before initiating a transfer.


Apart from NEFT, you can also use IMPS or RTGS to transfer money from one account to another. However, the transfer limit and fees and charges for both modes will be different from that of NEFT. You can check out the difference between IMPS vs NEFT vs RTGS and select the mode that suits you best!

FAQs on NEFT Limit

Is there a limit on NEFT transfers?

The Reserve Bank of India (RBI) imposes no limit on the fund transfer amount via NEFT. However, your banking partner may impose an upper cap based on their risk perception. However, there is no minimum limit for NEFT transfers.

How many NEFT transactions can be done in a day?

The NEFT limit per day varies across banks. Moreover, the limit is on the cumulative value of your transactions and not on the number. So, you can make as many transfers as you want as long as you do not exhaust the daily transaction value limit.

What is the maximum limit of NEFT transfer?

There is no limit on the maximum amount of money you can transfer via NEFT, as per the Reserve Bank of India. However, individual banks may, in some cases, impose a maximum limit based on their risk perception.

Is there any additional charge on NEFT transactions?

There are no charges on inward NEFT transactions. Moreover, RBI has advised banks not to levy any charges to savings account holders for online NEFT transactions. Additionally, there is a cap on charges that originating banks can levy. 

 

This depends on the transaction value and can go up to only ₹25 + GST.

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