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National Electronic Funds Transfer
NEFT
Experience the convenience of NEFT with APCOB Bank. Our user-friendly digital platform allows you to effortlessly transfer funds, making your financial transactions smoother and more efficient. Whether you’re an individual, firm, or corporate entity, we’ve got you covered. Join APCOB Bank today for a seamless NEFT experience.
Features
NEFT operates in half-hourly batches with a maximum two-hour timeline for beneficiary account crediting.
Individuals/firms/corporates can use internet/mobile banking for online NEFT transfers.
NEFT transfers can also be initiated at a bank branch.
Non-account holders can initiate NEFT transactions in branch by providing necessary remitter details. No upper transaction amount limit, subject to bank's risk assessment.
Branch-originated NEFT has no upper limit, while online transactions are capped at Rs. 1 lakh per transaction and Rs. 2 lakh per day.
Messages are sent to the NEFT Clearing Centre via the NEFT Service Centre operated by RBI.
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