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January 24th, 2017, 11:07 AM
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Join Date: Mar 2012
Re: NEFT Corporation Bank

As we all know that the corporation bank is provides NEFT charges for transfer fund.
The NEFT or National Electronic Funds Transfers works on Deferred Net Settlements which means that transactions are done in batches an hourly schedule.

If you debit the amount of money that you need to transfer within the time-frame that is stipulated by the bank, it will be credited to the beneficiary on the same day. If not, the amount will be credited on the following working day.

At Corporation Bank, the NEFT service is available on weekdays and Saturdays between 8.00 am 7pm, except on the 2nd and 4th Saturdays of the month which are Bank Holidays.

NEFT Timings:

Weekdays : 0800 hrs to 1900 hrs
Saturdays : 0800 hrs to 1300 hrs

Fund transfer through NEFT is done in hourly batches from 8:00 AM to 7:00 PM (SATURDAYS 8:00 AM to 1:00 PM.

This option can be used for carrying out multiple NEFT/RTGS transactions. Customers can enter the details of NEFT/RTGS in a file and upload the same for processing.

Service Charge for NEFT: NIL [Waived with effect from 14.01.2013]

Amount upto Fixed Charges Charges
W.e.f. 14.01.2013
1,00,000 NIL NIL

2,00,000 11 NIL

9999999999 28 NIL

Inward NEFT : NIL

Outward NEFT
Value Band Charges (exclusive of service tax)
Amounts up to Rs.10,000/- Rs.2.50
Amounts from Rs.10,001 to Rs.1 Lakh Rs.5.00
Amounts above Rs. 2 Lakh Rs.25.00


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