Bank of Baroda NEFT Process & Charges

*Please note that GST charges will be levied for all Bank of Baroda bank NEFT transactions 

Process to Transfer Funds Through NEFT from Bank of Baroda to Another Bank

You can either transfer the funds online or offline. By following the steps given below, you can transfer funds through NEFT from Bank of Baroda to another bank: 

Online Process: 

Step1: Login to the Bank of Baroda website and sign in to your respective internet banking account by providing username and password

Step 2: Once you are signed into your internet banking account, proceed to click on the 'Other Bank Transfer -NEFT' option

Step 3: After ensuring that the payee is added, fill in necessary details such as name, account number, amount to be transferred and the IFSC code

Step 4: You will then receive a confirmation code

Offline Process:  

Step 1: Visit your nearest branch of Bank of Baroda.  

Step 2: Fill out the NEFT form with sender and beneficiary details.  

Step 3: Submit the form along with cash or cheque payment.  

Step 4: Collect the acknowledgement receipt after processing. 

How to transfer Funds from BOB to BOB? 

Mentioned below are the steps by which Bank of Baroda can easily transfer funds from one BOB account to another using the NEFT facility through internet banking. 

• Step 1: Log in to your Bank of Baroda Internet Banking account and navigate to the "Funds Transfer" section.

• Step 2: Select the "NEFT" option and add the beneficiary by entering the required account details.

• Step 3: Verify the beneficiary details and complete the addition process. Beneficiary activation may take up to 30 minutes.

• Step 4: Once the beneficiary is activated, select the beneficiary account, enter the amount to be transferred, and click "Submit".

• Step 5: Authenticate the transaction using the OTP (One-Time Password) sent to your registered mobile number, if required.

• Step 6: Confirm the payment. After the funds are successfully transferred, you will receive an SMS confirmation from the bank.

Details Required to Carry out a NEFT Transaction

You will require the following details: 

• The 16-digit beneficiary account number
• Payee name
• IFSC code

How to Pay Credit Card Bill through Bank of Baroda NEFT?

All credit card bill payments can be made through the Bank of Baroda NEFT facility. Usually, the maximum limit for such transactions is Rs.1 lakh but this varies from account holder to account holder.

Details required to pay credit card bill through NEFT:

• IFSC Code - BARB0COLABA
• Payee Account Number/ Beneficiary account - 16 digit credit card number
• Account Number (From where the payment is being made)

• Bank Name - Bank of Baroda
• Branch
• Location Transaction Type - NEFT
• Amount to be paid

Bank of Baroda NEFT Timing

All NEFT transactions are processed by Bank of Baroda from between 9:00 a.m. and 6:45 p.m from Monday to Friday. On Saturday's the timings are from 8.00 a.m. to 12.45 p.m.

Benefits of Bank of Baroda NEFT

• Service can be availed by all customers: All customers of Bank of Baroda can easily avail NEFT services through their internet banking login.
• Affordable: When compared to other services, NEFT fees and charges are economical and cost-effective. For more details on the detailed charges and fees, please refer to the 'Bank of Baroda Bank NEFT Fees and Charges' table.
• Secure mechanism: NEFT is one of the safest and most convenient ways to transfer funds from an account to another. This is one of the most reliance methods and it can be done at the click of a button online.
• Need not visit the bank for NEFT: A NEFT transaction can be processed and completed online and there is no need to physically visit the Bank of Baroda branch. Basically, a customer can send money from any location to the concerned payee without any inconvenience.

Limitations of BOB NEFT

• Slow process: It takes time to process NEFT transactions because it can be done only during the working hours of the bank, unlike other payment methods.
• Bank holidays: The service will not be available during bank holidays, making it very inconvenient during emergencies.