NEFT

Beneficiary details like Beneficiary Name, Beneficiary's Bank Name, complete account number, IFSC Code and amount to be remitted are required to transfer funds through NEFT

Customers can either visit their base branch with a cheque and NEFT Application duly filled to transfer funds via NEFT. Customers can also transfer funds themselves using Internet banking / Mobile App by adding a beneficiary before executing any transfers.

The transaction will be settled to your beneficiary as per the RBI batch which ideally takes 30 minutes to 4 hours.

Indian Financial System Code (IFSC) is an alpha numeric code designed to uniquely identify the bank-branches in India. This is 11 digit code with first 4 characters representing the banks code, the next character reserved as control character (Presently 0 appears in the fifth position) and remaining 6 characters to identify the branch.

There are no charges for NEFT executed through Internet Banking and Mobile App. Please refer to the Bank's Schedule of charges for transactions being executed through Branch.

The IFSC number can be obtained by the remitter (customer) from his / her bank branch. Alternatively, it is available on the cheque leaf of the beneficiary. This code number / bank branch information can be communicated by the beneficiary to the remitting customer.

This system can be used only for remitting Indian Rupee among the participating banks within the country. The funds from NRI Accounts can also be remitted subject to applicability of provisions of FEMA. However customers can remit funds to Nepal. For more information please visit any of our branches.