If you’re wondering how much extra you’ll end up paying for using the NEFT service in your Canara Bank account, this post is for you. When using a credit card or a debit card online, we usually pay merchant fees. But it is not the case with NEFTs. Let’s understand why and how.
Canara Bank NEFT: Charges
NEFT (National Electronic Funds Transfer) is a service which is fully owned and regulated by the Reserve Bank of India. Be it Canara Bank NEFT or any other bank, you do NOT need to pay any charges when transferring funds or making payments online.
However, if you choose to use the Canara Bank NEFT form at the branch, you will need to pay the following Canara NEFT charges:
| Transaction Amount | Canara Bank NEFT Charges* |
| Up to Rs 10,000 | Rs 2.25 |
| Above Rs 10,000 – Rs 1 lakh | Rs 5.00 |
| Above Rs 1 lakh – Rs 2 lakhs | Rs 15.00 |
| Above Rs 2 lakhs | Rs 25.00 |
* plus GST
Please note that inward transactions via Canara Bank NEFT are not chargeable. (Inward transactions mean the funds received by the account holder from an overseas bank account).
Canara Bank NEFT Customer Care
If you’re facing issues related to the Canara Bank NEFT services, you may use the following customer care numbers:
1800 425 0018
1800 103 0018
1800 208 3333
1800 3011 3333
About Canara Bank
Canara Bank is one of the oldest Indian banks which was founded in July 1906 by Shri Ammembal Subba Rao Pai in Mangalore, Karnataka. It is a national bank with branches across the country. In June 2006, the bank completed a century of operation in the Indian banking industry.
Canara Bank NEFT: FAQs
When using Canara NEFT via netbanking or mobile banking, there are zero charges.
You’ll need to pay anywhere from Rs 2.25 to Rs 25.75 for any offline transfer ranging from Rs 10,000 to Rs 2 lakhs and above.
You can transfer an amount as small as Re 1 via Canara Bank NEFT.
