NEFT

  • Services
  • NEFT
 
NNSB is proud to offer the National Electronic Fund Transfer system (NEFT) facility. NEFT enables an efficient, secure, economical and reliable system of transfer of funds between accounts of customers of different Banks.
Features and Benefits
* Electronic payment system in which payment instructions between banks are processed and settled on deferred net settlement (DNS) basis at fixed times during the day.
* There is no minimum or maximum stipulated transaction value for using this facility.
* NEFT facility is available in all the branches of our Bank. Funds transferred under NEFT will be credited to the beneficiary’s account on the same day or next day.
* Inward remittance is free.
* No courier/postal charges payable by customers.
* Secured Transfer of funds across the Banks.
 
Information required for Transfer of funds
* Sender’s Account number
* Sender’s Name
* Amount of Transaction
* Beneficiary Account number
* Beneficiary Name
IFSC of the receiving branch. (IFSC is printed on cheque leaves or available in RBI Website.) Sender to receiver information, if any
 
RTGS/ NEFT Commission (Inward & outward )
Inward Free of charges
Outward RTGS
(i) Rs.2.00 lakh to Rs.5.00 Lakh. Rs 28/-per transaction
(ii) Above 5.00 Lakh Rs 55/- per transaction
Outward NEFT
(i) Amounts upto Rs.10,000/- Rs 3/-per transaction
(ii) Amounts from Rs.10,001/- to 1.00 Lac Rs 6/-per transaction
(iii) Amounts from Rs.1,00,001/- to 2.00 Lac Rs 17/- per transaction
(iv) Amounts from Rs.2,00,001/- to 5.00 Lac Rs 28/- per transaction
(v) Amounts above Rs.5,00,000/- Rs 55/- per transaction
 
Transaction Hours : The NEFT service is available from 8.00 hours to 19.00 hours on week days(Monday-Saturday)
NEFT system work on all days except on Sundays and common National Holidays across the states.
The request for NEFT will be accepted up to 15 minutes before the cut off timings at our Branches.