NEFT is an easy way of transferring funds from your bank account to another bank account. BOI NEFT Form is required when you do NEFT at a branch of Bank of India. Check the post below to know about all the aspects of BOI NEFT form, along with the frequently asked questions regarding BOI NEFT.
This form is also available at all the branches of Bank of India.
BOI NEFT Form: Details Required
The following-mentioned details must be filled in properly before submitting the BOI NEFT form transaction request at the bank:
- Details of the applicant or remitter (title of account and account number)
- Details of the beneficiary (name, A/c number, bank, branch, branch address, IFSC, type of A/c)
- Amount to be remitted (in words and figures, both)
- Mobile number of the remitter/applicant
The following details are mentioned by the bank on the counterfoil which is given to the applicant for future reference as an acknowledgment slip:
- Branch Name
- Received from
- Mode of transfer (by cheque or cash)
- Favouring (beneficiary’s name, bank, branch, A/c number, amount, charges and total)
Please check the BOI bank timings as well before going to the bank. This will help save time and avoid long queues as well.
Bank of India NEFT Charges
NEFT charges in India may vary depending on the bank and the type of account that you have. In Bank of India, there are no NEFT charges for transactions initiated online, i.e. via netbanking or mobile banking modes.
The below-mentioned are the BOI NEFT charges for when done at the branch:
- NEFT transactions up to Rs 10,000 will fetch charges of Rs 2.50
- NEFT transactions above this amount shall be charged with Rs 5.00
Bank of India NEFT Timings
Online transactions via BOI NEFT can be initiated any time, without any restrictions. That said, the credits to the beneficiary account shall be on same day or the immediate next working depending on the time of payment and beneficiary bank’s workings.
If you want to go the traditional route and do the NEFT at your BOI branch, we suggest you check the Bank of India timings before heading out.
Also, check other bank’s NEFT Form in the below table:
BOI NEFT Form: FAQs
BOI NEFT form is a physical form which is required to be submitted at the bank when a customer requests for transfer of funds via NEFT at the Bank of India.
No. If you’re doing NEFT online via BOI Mobile banking or netbanking there is no requirement of BOI NEFT form.
Yes. Cash transaction using BOI NEFT can be done only at the branch and that too for an amount of up to Rs 50,000. For this, you require BOI NEFT form.
BOI NEFT form is free of any charges. You can easily download it online or get the same at the bank as well.