Customers of IDBI Bank can do NEFT transfers using either the traditional method of going to the branch or the online mode. If chosen the former mode, IDBI Bank NEFT form is required to be filled, signed and submitted at the bank for successful transfer request of funds via NEFT.
Let’s know in detail about the IDBI Bank NEFT form, in the sections below.
Click on the button given above to download the IDBI Bank NEFT form in PDF format directly in your device. Alternatively, the same can be obtained from the IBDI Bank branch as well. Please note there are no charges for getting an NEFT form but there are IDBI NEFT charges when you submit (Rs 2 to Rs 25).
IDBI NEFT Form: How to Fill NEFT Form?
After downloading the IDBI Bank NEFT form or obtaining it from the branch, provide the below-mentioned details:
- Date
- Branch where the form will be submitted
- Tick NEFT check-box
- Payable at (place)
- Name, address, account number, account type, bank and branch IFSC of Beneficiary
- Amount (in words and figures, both)
- Commission (NEFT charges)
- Details of cash remitted (note denominations) – if done via cash
- Cheque number, if done via cheque
- For non-account holders – applicant’s name, address, PAN, phone number, purpose of transfer and email ID (of any)
- Signature of applicant
Do not forget to collect the IDBI Bank NEFT acknowledgement slip from the bank before leaving the bank. This will be required for any future references.
IDBI NEFT Charges
If you’re using either the netbanking option or the mobile banking mode, please note that the bank will not charge any fee from you. That said, below-mentioned are the IDBI NEFT charges for initiating the same at the branch using the IDBI NEFT form:
- Up to Rs 5,000: No charges
- Above Rs 5,00 to Rs 10,000: Rs 2
- Above Rs 10,000 to Rs 1 lakh: Rs 5
- Above Rs 1 lakh to Rs 2 lakhs: Rs 15
- Above Rs 2 lakhs: Rs 25
IDBI NEFT Timings
If you’re doing NEFT online, the IDBI Bank window is open 24×7. The only limitation is that the transfer may take 30 minutes to 2 hours to be credited in the account of the beneficiary. However, if you’re doing IDBI NEFT at the branch, please note that the service is not available on 2nd and 4 Saturdays along with Sundays and any other bank holiday when the bank is closed.
About NEFT
The full form of NEFT is National Electronics Fund Transfer. As the name suggests, this is an electronically processed mode of transfer which is overlooked by the Reserve Bank of India, thus carrying the highest level of security.
NEFT can be done using the various modes like internet banking, mobile banking, at-the-branch, ATMs and USSD. While the first two options are digital and can be processed from anywhere, the next two require you to physically visit your branch or bank ATM.
The last option of USSD is the most economical as it doesn’t require either the internet connection nor the pain of going physically anywhere. All you need is a basic phone (a smartphone would suffice just fine) and your mobile number linked to your bank account.
Also, check other bank’s NEFT Form in the below table:
IDBI Bank NEFT Form: FAQs
IDBI NEFT form is a form which is required when doing NEFT at any IDBI branch. This form is available for download online and at the branch as well.
IDBI Bank NEFT form is needed when doing NEFT at the bank.
No. When you do NEFT transfer via IDBI netbanking, there is no need to attach any NEFT form.
There are no charges for downloading the form or getting the form at the bank. However, you’ll be required to pay charges for processing your NEFT request at the bank ranging from Rs 2 to Rs 25 basis the transaction amount.
If done online, IDBI NEFT is free of all charges. If done at the branch using the IDBI NEFT form, you can do it for free if the amount is Rs 5,000 or less. Beyond that, NEFT charges (Rs – Rs 25) will be applicable.
