Federal Bank Limited · statement narration
NEFT CHG
Also printed as: NEFT CHARGES · NEFT COMM · NEFT OUTWARD CHG · NEFT TXN CHG
Decoded
A charge on an outward NEFT transfer. Under RBI rules NEFT sent through internet or mobile banking on a savings account carries no charge.
Hinglish meinNEFT transfer par lagne wala charge. RBI ke niyam ke hisaab se internet ya mobile banking se kiya NEFT savings account par free hai.
NEFT CHG on your Federal Bank Limited 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.
NEFT transfer charge: what other banks publish
Bank’s own figures, before GST. Where a bank publishes several rates, the bar runs from its lowest to its highest — its table below says which applies to whom. Tap a figure for its source.
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What it costs, including GST3 rules · rate table, conditions and waiver
Retail Banking Service Charges · Branch
NEFT outward through a branch: Rs 2 up to Rs 10,000, Rs 4 from Rs 10,001 to Rs 1,00,000, Rs 14 from Rs 1,00,001 to Rs 2,00,000, Rs 20 from Rs 2,00,001 upward.
| Rate | Bank’s figure | With 18% GST |
|---|---|---|
| Up to Rs 10,000 | ₹2 | ₹2.36 |
| Rs 10,001 to Rs 1,00,000 | ₹4 | ₹4.72 |
| Rs 1,00,001 to Rs 2,00,000 | ₹14 | ₹16.52 |
| Rs 2,00,001 and above | ₹20 | ₹23.60 |
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Federal Bank liability products; NEFT outward initiated at a branch. The same schedule prices NEFT through FedNet and FedMobile at nil and inward NEFT at nil, both of which are stored as separate rules rather than folded into this one. GST is additional.
Retail Banking Service Charges · Other
₹0
There is nothing to tax — this rule publishes no charge.
Applies when: Federal Bank liability products; NEFT initiated through FedNet internet banking or FedMobile mobile banking. The channel value groups only those two source-named digital channels and does not extend to branch NEFT, which is charged.
Retail Banking Service Charges · General
₹0
There is nothing to tax — this rule publishes no charge.
Applies when: Federal Bank liability products; inward NEFT credited to a Federal Bank account.
Why it happened and how to avoid it
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.
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Official source1 document
- Federal Bank — Charges for Savings/Current Accounts and Other Liability Products
Retrieved 2026-09-05
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