South Indian 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.
- You pay
- SB NRO Gold Savings Account
NEFT CHG on your South Indian 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 charge is ₹0.
Read from South Indian Bank — SB NRO Gold Savings Account on 2026-08-15.
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SB NRO Gold Savings Account · General
₹0
There is nothing to tax — this rule publishes no charge.
Applies when: South Indian Bank SB NRO Gold Savings Account only. The official product page states modified features applicable from 01-Sep-2023, including free and unlimited NEFT/RTGS. No broader savings-account or channel scope is inferred.
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.
Dispute this chargeRBI dispute template, ready to copy
Official source1 document
- South Indian Bank — SB NRO Gold Savings Account
Retrieved 2026-08-15
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