INSUBCONTINENT EXCLUSIVE:
Leading lenders in country charge a certain amount per NEFT transaction.National Electronic Funds Transfer or NEFT is a nation-wide payment
system that enables electronic transfer of funds
Under NEFT scheme, individuals, firms and corporates can electronically transfer funds from any bank branch to any individual, firm or
corporate having an account with any other bank branch in country participating in scheme, according to Reserve Bank of India (RBI)'s
In NEFT, fund transactions are executed in half-hourly batches
At present, most banks in country support NEFT payments.Major lenders in country such as state-run SBI (State Bank of India) and private
sector peers HDFC Bank and ICICI Bank charge a certain amount from their customers per NEFT transaction, depending on mode of transaction -
Service)State Bank of India (SBI):SBI charges different fee from its customers for making NEFT transactions, depending upon whether
transaction is made through online/mobile banking or by way of visiting a bank branch
Here are NEFT charges levied by SBI as mentioned on bank's website - sbi.co.in:ItemTransaction SlabCharges (exclusive of Goods and Service
Here are NEFT charges levied by HDFC Bank as mentioned on bank's website - hdfcbank.com:
