NEFT Timings for Top Banks in India

National Electronic Fund Transfer (NEFT) is national payment method used to send funds from one bank account to another. Such fund transfers can be made through net banking by using an IFSC code, which a 11-digit alphanumeric code that is assigned to each bank branch part of the NEFT network. NEFT services can be used to send funds through various modes such as net banking, mobile banking or by visiting the bank branch.

NEFT is one the most popular and widely used methods of fund transfer systems in India. NEFT is unavailable on Sundays and bank holidays and mostly operate during the working hours of the branch. The transactions initiated after the cut-off timings are debited immediately, however, moved to next working days for processing. Earlier, NEFT required 1-2 hours of processing time for the settlement of funds, however, RBI has reduced the processing time by adding more batches at every 30 minutes interval.

A bank customer can visit the branch or use the online or mobile banking service to initiate fund transfers under this system of fund transfer. In order to use NEFT as the transfer method, both the banks of the remitter and the beneficiary needs to be NEFT-enabled which involves enrolment into the RBI-facilitated transfer network. Following are the NEFT cut-off timing for few of the top banks in India -

NEFT Cut-off Timings for Popular Banks

Name of the Bank Monday to Friday NEFT Timing Saturday Timing
State Bank of India 8:00 a.m. to 7:00 p.m 8:00 a.m. to 1:00 p.m
HDFC Bank 8:00 a.m. to 6:00 p.m 8:00 a.m. to 6:00 p.m:
ICICI Bank 8:00 a.m. to 6:30 p.m 8:00 a.m. to 6:30 p.m
CitiBank 8:00 a.m. to 7:00 p.m 8:00 a.m. to 1:00 p.m
Kotak Mahindra Bank 8:00 a.m. to 6:00 p.m 8:00 a.m. to 12:00 p.m
Bank of Baroda 9:00 a.m. to 6:45 p.m 9:00 a.m. to 6:45 p.m
Yes Bank 9:00 a.m. to 4:30 p.m 9:00 a.m. to 12:00 p.m
Union Bank 8:00 a.m. to 6:30 p.m 8:00 a.m. to 6:30 p.m
Punjab National Bank 8:00 a.m. to 5:00 p.m 8:00 a.m. to 12:00 p.m

Most banks do not provide fund settlement options on the 2nd and 4th Saturday of the month including Sundays and bank holidays. Since the timings are subject to change, Individuals are advised to contact the branch or refer to the online banking section to obtain the latest NEFT cut-off timings.

NEFT Holidays

NEFT will not work on Sundays and other bank holidays. Also, most banks do not provide fund settlement options on the 2nd and 4th Saturday of the month including Sundays and bank holidays. Here is a list of NEFT holidays for 2018:

Holidays Date Day States
Mannam Jayanthi January 2 Tuesday Kerala
Bhogi/Pongal January 14 Sunday Several states
Shankranti January 15 Monday Several states
Uzhavar Tirunal January 16 Tuesday Tamil Nadu & Puducherry only
Republic Day January 26 Friday National Holiday
Maha Shivratri February 14 Wednesday Several states
Holi March 2 Thursday Several states
Ugadi March 18 Sunday Across Andhra Pradesh and Karnataka
Rama Navami March 26 Monday Several states
Mahaveer Jayanti March 29 Thursday Several states
Good Friday March 30 Friday Several states
Ambedkar Jayanti April 14 Saturday Several states
Basava Jayanti April 18 Wednesday Karnataka only
May Day May 1 Tuesday Several states
Rabindranath Tagore Birthday May 7 Monday West Bengal, Tripura
Ramadan June 8 Friday Several states
Independance Day August 15 Wednesday National Holiday
Bakrid August 22 Wednesday Several states
Onam August 24 Friday Kerala
Ganesh Chaturthi September 13 Thursday Several states
Gandhi Birthday October 2 Tuesday Several states
Mahalaya Amavasya October 8 Monday Several states
Ayudha Pooja October 18 Thursday Mostly south Indian states
Durga pooja/Vijayadashami October 19 Friday Several states
Naraka Chaturdashi November 6 Tuesday Karnataka
Deepawali November 7 Wednesday Many states
Christmas December 25 Tuesday All states

Benefits of NEFT

  • Economical
  • Safe and secure method
  • No need for cheque or demand draft
  • No need to physically visit bank
  • Online facility
  • Faster and more convenient

NEFT Charges:

NEFT Amount NEFT Charges
Up to Rs.10,000 Not more than Rs.2.50
Above Rs.10,000 to Rs.1 lakh Not more than Rs.5
Above Rs.1 lakh to Rs.2 lakh Not more than Rs.15
Above Rs.2 lakh Not more than Rs.25

How to Transfer Money Using NEFT:

Step 1: The first step is to log in to the internet banking account of your respective bank

Step 2: Go to the home screen and click on the fund transfer option

Step 3: Proceed to choose the NEFT option

Step 4: Select the beneficiary. For this step, the beneficiary needs to be added.

Step 5: Enter all beneficiary/payee details such as account number, IFSC code, bank branch, type of account and payee name

Step 6: Verify details and then click confirm. You will receive an OTP or you will have to enter your internet banking 4-digit 3D pin. This depends from bank to bank. A confirmation SMS will be sent to your registered mobile number.

Please note that NEFT transfer can be made through a number of modes in India. These include internet banking, mobile banking, by using a desktop or tablet. Apart from this, NEFT transfers can also be made by physically visiting the bank branch. Apart from fund transfers, NEFT can also be used to pay your credit card bill.

How to Pay Credit Card Bill using NEFT

    Step 1: The first step is to log in to the internet banking account of your respective bank

    Step 2: Go to the home screen and add the credit card as a beneficiary, under the third party fund transfer option

    Step 3: Add all credit card details to add beneficiary. Here the credit card number will be the bank account number, bank name and address

    Step 4: Now, once the beneficiary has been added, initiate a fund transfer using NEFT

    Step 5: Enter OTP or password. You will receive a confirmation message from your bank and credit card provider.


  1. What is NEFT?
  2. National Electronic Fund Transfer (NEFT) is a type of fund transfer system through which money can be sent from one bank account to another electronically. Funds can be sent to and from any bank that is NEFT-enabled.

  3. How do I know if a bank is part of the NEFT network?
  4. Please visit the RBI website for a comprehensive list of all NEFT-enabled banks in India.

  5. Will I not be able to send money through NEFT on bank holidays or Sundays?
  6. NEFT transfers can be initiated even on holidays but the bank will only credit the money on a working day.

  7. What is the minimum and maximum amount I can send through NEFT?
  8. As per RBI norms, there is no prescribed minimum or maximum amount.

  9. What is the per transaction limit for NEFT?
  10. According to RBI rules, the per transaction limit is Rs.50,000 for all card-based money transfer methods.

  11. Is there any geographical restriction for NEFT?

    No. Funds can be transferred to all NEFT-enabled banks in India.

  12. What are the details required for a NEFT transfer?
  13. Name of payee, account number, IFSC code and bank branch.

  14. What are the NEFT timings within which transfers happen?
  15. NEFT timings differ from bank to bank. In most cases, NEFT transactions are processed during the working hours of the bank.

  16. How long does it take for funds to be credited under NEFT?
  17. Ideally, funds are credited within 2 business working hours.

  18. What should I do if funds are credited through NEFT but my account is debited?
  19. In such a case, wait for 24 hours for the funds to be credited back to your account. If money is still not credited, contact your bank or the NEFT Customer Facilitation Centre at the RBI.

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News About NEFT Timings for Top Banks in India

  • NEFT Timing Extended till 12 a.m. on March 31

    National Electronic Funds Transfer (NEFT) services will be available for extended hours on March 31 as banks will be working additional hours in order to accept tax and other government payments for the financial year ending 2017 - 2018. This is because Saturday will be the last working day of the financial year.

    Customers will be able to make NEFT payments till 12 a.m. on the day. This will be applicable to all government-related payments. The Reserve Bank of India (RBI) has issued a circular in this regard and has urged banks to make arrangements to make NEFT services available for extended timings.

    Banks that accept government payments will most likely have all counters open till 8 p.m. on March 31. The main objective of this move is to give all taxpayers the convenience and facility to file tax returns by March 31, 2018.

    Usually, NEFT services are only available during the working hours of the bank, which typically extends from 9.00 p.m. to around 6.00 p.m. The service is not available on bank holidays and Sundays. All NEFT transactions are settled in a batch-wise format.

    29 March 2018

  • Banks to Remain Open on March 31, No 5- Day Long Holiday

    Banks will not remain shut for five consecutive days from March 29 to April 2, as per a number of social media posts. However, D Thomas Franco Rajendra Dev, General Secretary of All India Bank Officers Confederation, has confirmed that banks will remain open on Saturday, March 31 and there are no consecutive bank holidays as per some social media posts.

    Banks have a holiday for Mahavir Jayanti on March 29 and Good Friday on March 30. However, March 31 is a fifth Saturday of the month and hence banks will remain open. Since September 2015, banks do not work on second and fourth Saturday of every month. As Monday, April 2, will be the annual closing of accounts, banks will remain shut.

    Rumors and reports also suggested that ATMs will face currency crunch over due to the long bank holiday. It is advisable that customers plan their bank services ahead of the holidays.

    28 March 2018

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