Question
Download Solution PDFWhat is the maximum limit for NEFT transactions for walk-in customers depositing cash at bank branches?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Rs. 50,000.
In News
- NEFT transactions through cash deposit by walk-in customers at bank branches cannot exceed Rs. 50,000.
- NEFT is available 24x7 throughout the year, including holidays.
Key Points
- NEFT facilitates electronic funds transfer between banks securely and efficiently.
- Walk-in customers depositing cash for NEFT have a maximum transaction limit of Rs. 50,000.
- There is no maximum limit for NEFT transactions done through internet banking.
- Branch NEFT charges vary based on transaction amount slabs.
- NEFT requires beneficiary details such as Name, Account Number, Bank/Branch name, and IFSC code.
Additional Information
- NEFT Timings
- Available 24x7 on all days including bank holidays and weekends.
- Branch interface timings depend on individual branch working hours.
- NEFT Charges at Branches
- Up to Rs. 10,000: Rs. 2.50
- Above Rs. 10,000 and up to Rs. 1,00,000: Rs. 5.00
- Above Rs. 1,00,000 and up to Rs. 2,00,000: Rs. 15.00
- Above Rs. 2,00,000: Rs. 25.00
- NEFT via Internet Banking/Mobile Banking
- No charges apply for NEFT transactions through these modes.
- No specified maximum limit, but banks may set their own caps.
Last updated on Jul 10, 2025
-> SBI has released the SBI CBO admit card 2025 for the online test that is going to be held on 20th July 2025 for the post of Circle Based Officer.
-> The SBI CBO Notification 2025 has been released on 9th May 2025 on the official website at sbi.co.in.
-> SBI has announced a total of 2964 Vacancies for the post of Circle Based Officers.
-> The applications for SBI CBO 2025 are being accepted from 9th May 2025 to 29th May 2025. All the interested candidates who fulfil the Credit bank officer eligibility criteria can apply.
-> The SBI CBO Selection Process comprises an Online Examination, Screening of Applications and an Interview.
-> The finally appointed candidates will receive a salary of Rs. 48,480–2000/7–62,480–2340/2–67,160–2680/7–85,920 applicable to Junior Management Grade Scale-I plus 2 advance increments.
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