NEFT transaction charges
The following is the structure of charges that can be levied on the customers by banks for doing NEFT transactions. These are the maximum charges; banks are free to offer lower or no charges for NEFT transfers.
NEFT charges for receiving bank account Beneficiary
Account to which the money is being transferred. Inward transactions at destination bank branch of beneficiary are free of cost; no charges can be levied by the beneficiary bank.
NEFT charges for transferee bank account, outward transactions at originating bank branches
The remitter has to pay the following NEFT transaction charges
For NEFT transactions up to Rs. 10,000: maximum Rs 2.50 +Service Tax
For NEFT transactions above Rs 10,000 and up to Rs 1 lakh: maximum Rs 5 +Service Tax
For NEFT transactions above Rs 1 lakh and up to Rs 2 lakhs: maximum Rs 15 + Service Tax
For NEFT transactions above Rs 2 lakhs: maximum Rs 25 + Service Tax