One of the various ways to transfer your funds from your bank account to another bank’s account is NEFT. In this post, we have collated the Indian Bank NEFT timings so that the next time you need to do an NEFT, your time is saved.
Indian Bank NEFT Timings: Online
The Indian Bank NEFT service is available 24×7 for online channels, including internet banking as well as mobile banking. That said, the settlement of NEFT requests is taken up every half hour and thus, it may take a maximum of 2 hours on a normal day to credit the amount in the beneficiary’s bank account.
Indian Bank NEFT Timings: Offline
The Indian Bank NEFT service is available during the working hours of the bank branches. The NEFT timings for at-the-branch transactions are generally from 8:00 AM to 6:00 PM on weekdays and from 8:00 AM to 2:00 PM on Saturdays. However, these timings may vary depending on the specific branch location. Thus, it is advised to check Indian Bank timings as well.
NEFT transactions initiated after the cut-off time for a particular batch will be processed in the next batch. The cut-off timings for Indian Bank NEFT batches are typically around 30 minutes before the end of the working hours of the bank branch.
Customers are advised to check with their branch for the exact NEFT timings and cut-off timings for their specific branch location, as these may vary depending on the bank’s policies and procedures.
Indian Bank NEFT Charges
Now that you know about the Indian Bank NEFT timings, it is also imperative to know about the bank’s NEFT charges, especially when you’re doing the transfer at-the-branch. Just like any other scheduled commercial bank in India, NEFT charges for Indian Bank NEFT are based on the transaction amount. These charges go in the ascending order w.r.t. the transfer amount ranging from Rs 2.50 to Rs 25.00.
To know in detail, go to our Indian Bank NEFT Charges post.
Indian Bank NEFT Services
Indian Bank is a leading public sector bank in India that was founded in 1907. The bank offers a range of banking and financial services to individuals and businesses, including savings and current accounts, loans, credit cards, insurance, and investment products.
Indian Bank also offers electronic payment services like NEFT (National Electronic Funds Transfer) which allows customers to transfer funds electronically from one bank account to another bank account in India. Indian Bank NEFT service is available to all customers and can be accessed through internet banking, mobile banking or by visiting a branch. The NEFT service is available in multiple batches throughout the day, enabling customers to make transactions at their convenience.
Also, check other bank’s NEFT Timings in the below table:
|Axis Bank NEFT Timings
|HDFC NEFT Timings
|PNB NEFT Timings
|ICICI NEFT Timings
|SBI NEFT Timings
Indian Bank NEFT Timings: FAQs
The Indian Bank NEFT cut-off time for the last batch of the day is usually around 6:00 PM for transactions at the branch, and 24×7 for online channels.
Yes, the Indian Bank NEFT service is available on Saturdays during working hours, but not on Sundays or bank holidays.
Typically, NEFT transfers from Indian Bank to another bank take around 2 hours to complete, although the actual time may vary depending on the time of the day and the bank’s processing times.
The minimum amount that can be transferred is usually Rs.1. Although, RBI has not set maximum limit on NEFT requests, banks do keep certain higher limit for online channels depending on their risk-taking capacity.
No, once an NEFT transaction is initiated through Indian Bank, it cannot be cancelled or reversed.