Bank of Baroda NEFT Charges

The clients of Bank of Baroda can transfer funds via NEFT both online and offline. People who do not have a Bank of Baroda account are unable to perform an online NEFT fund transfer. Making NEFT transfers offline is an alternative for account users who have not yet enabled their internet or mobile banking services. These transactions can be completed at any Bank of Baroda branch in your area.

The Bank of Baroda website's branch locator can assist you in discovering your nearest branch to make these transfers. To commence the transfer, however, you must complete the Bank of Baroda NEFT form. You can get it at the branch or download the Bank of Baroda NEFT form PDF.

How to Make a Bank of Baroda NEFT?

Here are the steps that need to be followed for the online method of the Bank of Baroda NEFT transaction-

Step 1: Access your online banking account.

Step 2: Click the 'NEFT' option under 'Funds Transfer,' then the 'Add Beneficiary' option.

Step 3: Fill in the beneficiary information, including the beneficiary's name, account number, and bank IFSC code.

Step 4: Confirm the beneficiary's addition.

Step 5: Adding a new beneficiary takes 30 minutes.

Step 6: After that, select the beneficiary's name to send the funds. Fill in the amount you want to send and press the submit button.

Step 7: You may be prompted for an OTP if this is your first time using NEFT. Enter the OTP and press the confirm button.

Step 8: You will receive an SMS confirmation after the funds have been transferred.

How to Make Offline NEFT Transactions through Offline Methods

You can use NEFT services at your local Bank of Baroda branch during business hours. Please keep in mind that only NEFT-enabled branches can process NEFT transfers. Before visiting the branch, the customer may call the bank and request the same.

Bank of Baroda NEFT Charges

The RBI has abolished the service charge that banks impose on NEFT transfers initiated online using internet banking and/or mobile banking. NEFT initiated at a bank branch, on the other hand, is charged.

Bank of Baroda's NEFT charges are currently as follows-

BOB NEFT Amount

NEFT Charges

Rs. 10,000

Rs. 2.25 + GST

Rs. 10,001 - Rs. 1,00,000

Rs. 4.75 + GST

Rs. 1,00,000 - Rs. 2,00,000

Rs. 14.75 + GST

More than Rs. 2,00,000

Rs. 24.75 +GST

Bank of Baroda NEFT Transfer Limit 

Limit

For Retailers

For Corporate

Single Transaction

Rs. 5,00,000

Rs. 10,00,000

Everyday

Rs. 10,00,000

Rs. 50,00,000

Week

Rs. 30,00,000

Rs. 2,00,00,000

Month

Rs. 50,00,000

Rs. 5,00,00,000

Year

Rs. 4,00,00,000

Rs. 30,00,00,00

Prerequisites for NEFT Bank of Baroda

The following are the necessary components for completing an NEFT transfer-

  • The beneficiary's name.
  • Beneficiary's account number
  • Beneficiary's branch name
  • Beneficiary's account type
  • Beneficiary's branch's IFSC code
  • Beneficiary's bank account number

Benefits of BOB NEFT Services

  • All Bank of Baroda customers can simply access NEFT services using their internet banking login.

  • An NEFT transaction can be handled and completed online, eliminating the need to visit a Bank of Baroda office. Essentially, a consumer can send money from any location to the appropriate payee with no hassle.

  • When compared to other providers, NEFT fees and charges are reasonable and affordable. Please see the 'Bank of Baroda Bank NEFT Fees and Charges' table for further information on the specific charges and fees.

  • NEFT is one of the most secure and convenient methods of transferring payments from one account to another. This is one of the most dependable approaches, and it can be accomplished with the click of a mouse online.

What is the BOB NEFT Form?

To execute any offline transaction, you can visit a Bank of Baroda branch, fill out a Bank of Baroda NEFT form, and submit it. These forms are easy to fill out and can be found here-

1) The NEFT form is broken into two portions and is available at the branch. After filling out the essential information, the customer can use the part on the left as proof. After you have completed it, the correct portion is submitted to the bank.

2) The NEFT form requires the remitter account number, beneficiary account number, and the IFSC of the branch where funds are to be sent. These details, along with several other critical details, must be filled in legibly and without errors in order for the NEFT transfer to go well.

3) The details will be updated in the system to trigger the NEFT transfer after the form is turned over to the officer at the Bank of Baroda.

You may also obtain a PDF version of the Bank of Baroda NEFT Form. Alternatively, you can download the Bank of Baroda NEFT Form, fill it out, print it, and submit it.

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