NEFT Transfers

Transfer any amount to any bank in India

No minimum amount. No maximum limit.

Initiate an NEFT Transfer
Transfer any amount to any bank in India
What is NEFT?

What is NEFT?

NEFT — National Electronic Funds Transfer — is a secure, RBI-operated payment system that allows you to transfer money to any bank account across India. Unlike real-time systems, NEFT processes transfers in half-hourly batches, ensuring reliable and structured settlements throughout the day. It is the trusted choice for everyday transfers — with no minimum amount, low fees, and round-the-clock availability.

Trusted by millions, operated by the RBI

⚡
No Minimum Transfer Amount

Transfer any amount — big or small — without restrictions. NEFT is built for every transaction, not just the large ones.

🌐
Nationwide Transfers

Send money to any bank branch across India through RBI‑regulated NEFT.

🛡️
Secure & Encrypted Transfers

Your transactions are protected with advanced encryption technology, ensuring complete safety and confidentiality.

✅
Instant Payment Confirmation

Every successful transaction is followed by real‑time confirmation — giving you immediate assurance that your payment has been processed.

💰
Low Transaction Fees

Enjoy affordable fund transfers with Hindusthan Bank’s NEFT services. Minimal fees for each transaction, keeping transfers cost‑effective.

🏦
Available Across All Branches

Access Hindusthan Bank’s NEFT services seamlessly at every branch location.

🤝
Secure & Reliable Transactions

Every NEFT transfer is processed safely with the Reserve Bank of India‘s trusted clearing system.

📅
Multiple Settlement Batches

Funds transferred in several batches during banking hours for timely credit.

⚡
No Minimum Transfer Amount

Transfer any amount — big or small — without restrictions. NEFT is built for every transaction, not just the large ones.

🌐
Nationwide Transfers

Send money to any bank branch across India through RBI‑regulated NEFT.

🛡️
Secure & Encrypted Transfers

Your transactions are protected with advanced encryption technology, ensuring complete safety and confidentiality.

✅
Instant Payment Confirmation

Every successful transaction is followed by real‑time confirmation — giving you immediate assurance that your payment has been processed.

💰
Low Transaction Fees

Enjoy affordable fund transfers with Hindusthan Bank’s NEFT services. Minimal fees for each transaction, keeping transfers cost‑effective.

🏦
Available Across All Branches

Access Hindusthan Bank’s NEFT services seamlessly at every branch location.

🤝
Secure & Reliable Transactions

Every NEFT transfer is processed safely with the Reserve Bank of India‘s trusted clearing system.

📅
Multiple Settlement Batches

Funds transferred in several batches during banking hours for timely credit.

How to Initiate a NEFT Transfer
How to Initiate a NEFT Transfer
  • 1
    Before visiting the branch, confirm the following details with your recipient: Beneficiary's full name, Beneficiary's account number, Beneficiary's bank name and branch, Beneficiary's IFSC Code, Transfer amount & Purpose of transfer
  • 2
    Download and fill in the NEFT Instruction Form, or collect a physical copy at your branch. Verify every detail carefully — particularly the account number and IFSC code — before submission. A single incorrect digit in either field will result in a failed or misdirected transfer.
  • 3
    Submit the completed form at your home branch along with your passbook or account number. The applicable charge will be debited from your account at the time of processing. Retain your acknowledgement slip as proof of submission — it contains your transaction reference number.
  • 4
    Your transfer will be processed in the next available batch after submission. Confirm with the beneficiary that funds have been received.

Frequently Asked Questions

There is no minimum transfer amount for NEFT. You can transfer any amount — from ₹1 to any sum above — to any bank account in India. For transfers above ₹2,00,000 where real-time settlement is required, RTGS may be more appropriate.

NEFT transfers are settled in half-hourly batches throughout the day and night. A transfer initiated at any point will be processed in the next available batch — typically within 30 minutes to 2 hours of initiation. Branch-initiated transfers are subject to branch working hours and may be queued for the next working day if submitted after 4:00pm.

NEFT transfers cannot be cancelled once they have been submitted and queued for processing. If you have submitted a transfer with incorrect details, contact us immediately on 022-3501-3800. We will attempt to intercept the transfer before it is settled — but this is not guaranteed once the batch has been processed.

IFSC stands for Indian Financial System Code — an 11-character alphanumeric code that uniquely identifies every bank branch in India. It is required for all NEFT, RTGS, and IMPS transfers. You can find the beneficiary's IFSC code on their cheque book, passbook, bank statement, or their bank's official website. Never proceed with a transfer if you are unsure of the IFSC code.

If a NEFT transfer fails — due to an incorrect account number, a closed beneficiary account, or a technical issue — the amount is returned to your account. Refunds typically take [X] working days. You will receive an SMS notification when the funds are credited back. If the refund is not received within this period, contact us with your transaction reference number.

Yes. As per RBI guidelines effective December 2019, NEFT operates on a 24x7x365 basis — including Sundays and all public holidays. Half-hourly batch settlements run throughout the day and night without interruption. Branch-initiated transfers are subject to branch working hours — use net banking for transfers outside those hours.

NEFT settles transfers in half-hourly batches — making it slightly slower than IMPS but equally reliable. IMPS settles transfers instantly and is available for amounts up to ₹5,00,000 per transaction. For small to medium transfers where instant credit is important, IMPS is faster. For any amount where batch processing within 30 minutes is acceptable, NEFT is equally reliable and often lower in charges. For transfers above ₹2,00,000 requiring real-time settlement, RTGS is the recommended system.

Yes. NEFT is widely used by businesses for vendor payments, utility bill settlements, salary disbursements, and inter-account transfers. Corporate account holders can initiate multiple NEFT transfers within their daily transaction limits. Contact your branch to discuss higher daily limits for business accounts with regular high-volume transfer needs.

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