Bank of Baroda · statement narration
NEFT CHG
NEFT CHG on your Bank of Baroda statement — A charge on an outward NEFT transfer. Under RBI rules NEFT sent through internet or mobile banking on a savings account carries no charge. The bank publishes a rate table, not one figure; the rates are below.
Read from Bank of Baroda — Service Charges on 2026-08-09.
Also printed as
NEFT CHARGES, NEFT COMM, NEFT OUTWARD CHG, NEFT TXN CHG.
Hinglish mein
NEFT transfer par lagne wala charge. RBI ke niyam ke hisaab se internet ya mobile banking se kiya NEFT savings account par free hai.
What it costs, including GST
Retail Banking Service Charges · General
NEFT — Other than Savings Bank accounts amount slab
| Rate | Bank’s figure | With 18% GST |
|---|---|---|
| Up to Rs 10,000 | ₹2.25 | ₹2.66 |
| Rs 10,001 to Rs 1,00,000 | ₹4.75 | ₹5.61 |
| Rs 1,00,001 to Rs 2 lakh | ₹14.75 | ₹17.41 |
| Above Rs 2 lakh | ₹24.75 | ₹29.21 |
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Other than Savings Bank accounts. Current official table shows the same amounts for digital and branch columns.
Retail Banking Service Charges · General
₹0
There is nothing to tax — this rule publishes no charge.
Applies when: Savings Bank accounts only. The current NEFT table explicitly labels SB account - NIL.
Why it happened
An outward NEFT transfer was made, usually at a branch counter rather than through digital banking.
How to avoid it
Send NEFT through your bank's internet or mobile banking app instead of the branch.