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Are there any charges for using NEFT?

Curious about NEFT (National Electronic Funds Transfer)

Are there any charges for using NEFT?

Yes, there may be charges for using NEFT. The charges may vary depending on the bank and the amount of the transaction. Generally, NEFT charges for transactions up to Rs. 10,000 are minimal, while charges for transactions above Rs. 1 lakh are higher. Some banks may also offer free NEFT transactions for certain types of accounts or transactions. It is best to check with your bank for details on the charges applicable to NEFT transactions.

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