The Reserve Bank of India (RBI) has set no maximum limit on NEFT transactions, and the minimum amount can go as low as ₹1. However, banks have the discretion to change and set the limit as per their policies and with the approval of their board.
Given below is an overview of the minimum and maximum NEFT limits for some of the top banks:
1. HDFC Bank NEFT Transaction Limit
7:00 AM to 7:00 PM | Maximum NEFT limit per day via online channels: As per your set Third-Party Funds Transfer limit (maximum up to ₹50 Lakhs) |
7:00 PM to 7:00 AM on bank working days and holidays (including 2nd and 4th Saturdays) | NEFT fund transfer limit per day via online channels: As per your set Third-Party Funds Transfer limit (₹2 Lakh per transaction; maximum up to ₹50 Lakhs) |
Branch working hours | NEFT fund transfer limit offline at branches: No NEFT upper limit |
There is no minimum limit on NEFT transfers.
2. Axis Bank NEFT Daily Limit
7:00 AM to 7.30 PM | No limit (on working days) |
9:30 PM | No limit (on working days) through CMS online channel |
After 7:00 PM till 7:00 AM | Up to ₹1 Crore (on working days) through mobile banking/RIB/CMS |
7:00 AM to 7:00 PM (on working days) through mobile banking/RIB/CMS | Up to ₹1 Crore per transaction |
There is no minimum limit on NEFT transfers. Under the Indo-Nepal Remittance Facility Scheme, for cash-based remittances within India and to Nepal, the NEFT cash transfer limit is ₹50,000 per transaction. Also, intra-bank transfers have no limit on amount and time.
3. State Bank of India NEFT Limit
NEFT minimum and maximum limits for retail banking:
NEFT Minimum Limit | No minimum NEFT payment limit |
Maximum NEFT Limit | ₹10 Lakhs |
NEFT money transfer limit for corporate internet banking:
NEFT Minimum Limit | No minimum NEFT payment limit | |
Maximum NEFT Limit Per Transaction | Saral | ₹10 Lakhs |
Vyapaar | ₹50 Lakhs | |
Vistaar | ₹2,000 Crores | |
NEFT Max Limit Per Day | Saral | ₹10 Lakhs |
Vyapaar | No maximum NEFT limit | |
Vistaar | No maximum NEFT limit |
4. Citibank NEFT Limit
8:00 AM to 7:00 PM (Monday to Friday and working Saturdays) | Maximum NEFT limit per day via Citibank online: For Citigold Private Clients and Citigold customers: Up to ₹75 Lakhs For Others: Up to ₹ 25 Lakhs |
8:00 AM to 7:00 PM (Monday to Friday and working Saturdays) | NEFT fund transfer limit per day viamobile banking: For Citigold Private Clients and Citigold customers: Up to ₹25 Lakhs For Others: Up to ₹15 Lakhs |
7:00 PM to 8:00 AM on the next working day | Combined limit for NEFT and RTGS: ₹3 Lakhs |
Sundays and Bank Holidays | Combined limit for NEFT and RTGS: ₹3 Lakhs |
5. RBL Bank NEFT Transfer Limit
NEFT Transfer via RBL Bank Branch | No maximum NEFT payment limit |
NEFT Transfer via Mobile/Internet Banking | NEFT max limit up to ₹6 Lakhs |
There is no minimum limit for NEFT transfers.
As the NEFT limit varies from bank to bank, it is best to check with your banking partner about the terms and conditions of NEFT transfer to ensure transparency before initiating a transfer.
Apart from NEFT, you can also useIMPSorRTGSto transfer money from one account to another. However, the transfer limit and fees and charges for both modes will be different from that of NEFT. You can check out the difference betweenIMPS vs NEFT vs RTGSand select the mode that suits you best!
