INSUBCONTINENT EXCLUSIVE:
NEFT money transfer: Top banks charge a fee of Rs 2.5-25 per transaction under certain conditionsThere are multiple platforms available
today for making an online money transfer
Also known as wire transfer, online money transfer or e-transfer refers to remittance of funds from one bank account to another without
state-run SBI (State Bank of India) to private sector lenders HDFC Bank, ICICI Bank and Axis Bank - charge a fee ranging from Rs 2.5 to Rs
25 (excluding GST) per NEFT transaction, depending on the mode of transaction - whether it is through online/mobile banking or through a
NEFT transactions, depending upon whether the transaction is made through online/mobile banking or by way of visiting a bank branch.For
For amounts between Rs 10,000 and Rs 1 lakh, SBI charges Rs 2 per transaction, and Rs 3 per transaction for amounts between Rs 1 lakh and Rs
through bank branchFor amounts up to Rs 10,000, SBI charges a fee of Rs 2.5 per transaction
For amounts between Rs 10,000 and Rs 1 lakh, the bank charges Rs 5 per transaction; Rs 15 per transaction for amounts between Rs 1 lakh and
Rs 2, and Rs 25 per transaction for amounts above Rs 2 lakh.HDFC BankHDFC Bank currently charges no fee for NEFT and RTGS transactions made
online.For transfers done through a bank branchHDFC Bank charges a fee of Rs 2.5 per transaction for amounts up to Rs 10,000
For amounts between Rs 10,000 and Rs 1 lakh, HDFC Bank charges Rs 5 per transaction; Rs 15 per transaction for amounts between Rs 1 lakh and
Rs 2 lakh, and Rs 25 per transaction for amounts above Rs 2 lakh, according to the bank's website - hdfcbank.com.ICICI BankICICI Bank
For amounts between Rs 10,000 and Rs 1 lakh, ICICI Bank charges a fee of Rs 5 per transaction
ICICI Bank charges a fee of Rs 15 per transaction for amounts between Rs 1 lakh and Rs 2 lakh, and Rs 25 per transaction for those between
Rs 2.5 per transaction for amounts up to Rs 10,000
PNB charges Rs 5 per transaction for amounts between Rs 10,000 and Rs 1 lakh, Rs 15 per transaction for amounts between Rs 1 lakh and Rs 2
fee for NEFT transactions made online.For transactions made through bank branches, Axis Bank levies a fee of Rs 2.5 per transaction for
For amounts between Rs 10,000 and Rs 1 lakh, Axis Bank charges a fee of Rs 5 per transaction
It charges a fee of Rs 15 per transaction for amounts between Rs 1 lakh and Rs 2 lakh, and Rs 25 per transaction for amounts above Rs 2
applicable GST or Goods and Services Tax, the banks said separately on their websites.
