Service Charges For NEFT
The structure of charges that can be levied on the customer for NEFT is given below:
a) Inward transactions at destination bank branches (for credit to beneficiary accounts)
- Free, no charges to be levied from beneficiaries
b) Outward transactions at originating bank branches (charges for the remitter)
- For transactions up to 10,000 - not exceeding 2.50 (+ Service Tax)
- For transactions above 10,000 up to 1 lakh - not exceeding 5 (+ Service Tax)
- For transactions above 1 lakh up to 2 lakhs - not exceeding 15 (+ Service Tax)
- For transactions above 2 lakhs - not exceeding 25 (+ Service Tax)
Read more about this topic: Indian Settlement Systems
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