To establish an Electronic Funds Transfer System to facilitate an efficient, secure, economical, reliable and expeditious system of funds transfer and clearing in the banking sector throughout India. The customer willing to avail the NEFT facility offered by us shall submit an "NEFT Application Form" authorising the sending bank to debit the sender's account and transfer funds to the beneficiary specified in the NEFT Application Form. The Beneficiary's account will be credited on the same day by crediting the specified account of the beneficiary or otherwise placing funds at the disposal of the beneficiary.
The Funds transfer request using NEFT through Internet Banking mode can be made only from 09:00AM to 06:00PM. The Funds transfer request made after 06:00PM will be presented to RBI on the next working day.
On Saturdays, Funds transfer request made by 12:00PM will be presented to RBI on the same day and funds transfer request made after 12:00PM will be presented to RBI on the next working day.
The Funds transfer request through NEFT Branch mode can be made only from 09:30AM to 03:30PM. On Saturdays, funds transfer request made by 12:30PM will be presented to RBI on the same day.
There will be no NEFT transactions possible on Bank holidays and Sundays.
Please find below the details of Customer Facilitation Centre (CFC) for redressal of your NEFT - related complaints.