Check NEFT charges or fee applicable on online transaction

by Admin

Posted on Jul 25, 2020

National Electronic Fund Transfer (NEFT) is a widely used and secure method to transfer funds. RBI charges a very small amount on NEFT transaction. As it is the easiest electronic payment method and save our time in visiting banks for transactions and it also notifies remitter via SMS/Email on transactions.

NEFT charges are as below

  • Inward transactions at destination bank branches (for credit to beneficiary accounts): —free of cost, no charges for beneficiaries 
  • Outward transactions at originating bank branches - transaction charges applicable to remitter are: 

Transfer Amount 

Transaction Charges 

Up to Rs.10,000 

Rs.2.5 + GST 

Rs.10,000-Rs.1 lakh 

Rs.5 + GST 

Rs.1 lakh-Rs.2 lakh 

Rs.15 + GST 

Above Rs.2 lakh 

Rs.25 + GST