The Reserve Bank of India (RBI) imposes no maximum limit on the amount that can be transferred via NEFT, making it suitable for high-value transactions. However, individual banks often set their own daily or per-transaction caps, commonly ranging from ₹10 lakh to ₹2 crore depending on the account type.
Overview: NEFT enables secure fund transfers across India with no RBI-imposed limits, but individual banks set transaction caps ranging from ₹2 lakh to ₹1 crore. Understanding these limits helps you plan large payments, investments, and loan repayments effectively while avoiding transaction failures.
4) NEFT to registered beneficiary per day - up to Rs. 10 lakh./per transaction - up to Rs 5 lakh. (Newly added beneficiary — less than 24 hours old — the limit is Rs 25,000).
Transfers can be made in multiples of Rs 2 lakh, up to the chosen TPT limit, with a maximum of ₹50 lakh. Security Measures: For security reasons, transfers to newly added beneficiaries are restricted to ₹50,000 in total, whether in full or in parts, during the first 24 hours after the beneficiary is added.
NEFT (National Electronic Funds Transfer) is a popular method for transferring funds between bank accounts, and one of its key advantages is that there is no set limit on the amount that can be transferred. The Reserve Bank of India (RBI) does not impose any minimum or maximum amount for NEFT transactions.
NEFT is best suited for low-value transactions and operates in batches while RTGS is used for high-value transactions and settles payments in real-time. The two systems differ in terms of fees, minimum transfer amounts, and settlement speed.
₹4 + GST is applicable for the NEFT amount of more than ₹10,000 to ₹1 lakh. ₹12 + GST for the NEFT above ₹1 lakh to ₹2 lakhs. ₹20 is charged for the NEFT amount of more than ₹2 lakhs.
RTGS transactions involve large amounts of cash, basically only funds above Rs 200,000 may be transferred using this system. For NEFT, any amount below Rs 200,000 may be transferred, and this system is generally for smaller value transactions involving smaller amounts of money.
There's no upper limit on the amount you can transfer per transaction or per day through NEFT. The minimum transfer amount is just ₹1, making it accessible for all transaction sizes. This differs sharply from RTGS, which requires a minimum of ₹2 lakh per transaction.
To remit funds to the Inter Bank Payee through RTGS/NEFT select the 'Inter Bank Transfer' link in the 'Payments/Transfers' tab. Select the Transaction Type-RTGS or NEFT. The list of beneficiary accounts added is displayed. Enter the Amount and select the beneficiary to be credited from the list.
HDFC Account NEFT Limit
The HDFC NEFT transfer limit is discussed in detail below: Daily limit: The NEFT transaction limit depends on the account holder's Third-Party Transfer (TPT) limit, with a maximum transaction value of up to Rs. 50 lakh per day.
IMPS is faster for small to medium-sized transactions, while RTGS is ideal for large, urgent transfers. NEFT works best for non-urgent payments.
NEFT is available 24x7, including weekends and bank holidays. Banks may pause internal operations on certain holidays, which can affect NEFT transaction time. NEFT cut-off timings for same-day processing (for most banks):
What is the limit for a Resident Individual for sending money to USA from India? According to the Liberalised Remittance Scheme (LRS) for money transfers overseas, there is an annual cap of US$250,000 or its equivalent on international fund transfers by any resident individual in a financial year.
Maximum - RTGS transaction through branch - No upper ceiling. RTGS transaction through NetBanking - the maximum amount of funds that can be transferred per day is as per customer's TPT limit (maximum up to ₹50 lakh).
Although there is no minimum or maximum limit on the amount of funds that could be transferred using NEFT, there is a limit of Rs 50,000/- per transaction for cash-based remittances within India and for remittances to Nepal under the Indo-Nepal Remittance Facility Scheme. There are no charges for NEFT Transactions.
Our online limits
If you set up a payment online through our app or internet bank (including with Open Banking), you can generally make payments of up to £100,000 per transaction, up to a £100,000 overall daily limit. However, there are times when we limit online payments to £25,000 per day.
You can use your bank to transfer a large amount of money between bank accounts. This typically involves a wire transfer, which is an electronic funds transfer between 2 banks.
No, NEFT is a domestic fund transfer system within India. For international transfers, you would need to use other mechanisms such as SWIFT transfers or international wire transfers.
NEFT Transfer Limit Set By Top Indian Banks
Below are the limits set by some of the major banks in India: ICICI Bank allows NEFT transfers of up to ₹10 lakh per day, with an extended limit of ₹20 lakh for transactions via iMobile Pay. IDFC First Bank has a daily NEFT transfer cap of ₹20 lakh.
Overview: RTGS transfers require a minimum of ₹2 lakh with no RBI maximum cap. Banks set daily limits between ₹25-50 lakh for individuals.
NEFT transactions done online are free w.e.f 1st Nov 2017.