How to Use the Indian Bank NEFT Form Offline Effectively?

NEFT Transaction Overview

Enhancing transaction flexibility, Indian Bank offers an offline approach for NEFT transactions, supplementing the online option. Customers can conduct fund transfers by filling out and submitting the Indian Bank NEFT form at the branch. This method permits cash transactions, beneficial even for non-account holders.

Download the NEFT form in PDF or obtain it from a branch. Accurate details are vital, such as the transaction date, remitter/applicant information (name, account number, IFSC), and beneficiary account details. The amount should be clearly stated in words and numbers alongside a cheque number. For transactions beyond Rs 50,000, the remitter's address, phone number, and PAN card details are necessary.

Branch Transaction Fees

Branch transaction fees apply:

• Up to Rs 10,000: Rs 2.50
• Rs 10,001 to Rs 1 lakh: Rs 5.00
• Rs 1 lakh to Rs 2 lakhs: Rs 15.00
• Above Rs 2 lakhs: Rs 25

Transaction Timings

Note: These charges do not affect online transactions. NEFT services are available online 24/7/365, but branch transactions are limited to:

• Monday to Friday: 0800 to 1900
• Saturdays (1st, 2nd, 5th): 0800 to 1300

Offline Fund Transfer

Utilizing the NEFT form, enjoy efficient and secure offline fund transfers.

Abbreviations

Abbreviations:

• NEFT: National Electronic Funds Transfer
• RBI: Reserve Bank of India
• MSMEs: Micro, Small and Medium Enterprises
• NSE: National Stock Exchange
• BSE: Bombay Stock Exchange
• UX: User Experience
• NPAs: Non-Performing Assets
• NRI: Non-Resident Indian
• RTGS: Real Time Gross Settlement
• IMPS: Immediate Payment Service
• EMIs: Equated Monthly Installments
• IVR: Interactive Voice Response
• HUF: Hindu Undivided Family
• NRIs: Non-Resident Indians
• PAN: Permanent Account Number
• TPA: Third-Party Administrator
• TDS: Tax Deducted at Source
• STT: Securities Transaction Tax
• CPC: Central Processing Centre
• BOI: Body of Individuals
• AOP: Association of Persons
• LLP: Limited Liability Partnership
• OCI: Overseas Citizens of India
• Income Tax Act: Income Tax Act
• NBFC: Non-Banking Financial Company
• IRDAI: Insurance Regulatory and Development Authority of India
• NBFCs: Non-Banking Financial Companies
• HLPP: Home Loan Protection Plan
• GST: Goods and Services Tax
• IMF: International Monetary Fund
• KWD: Kuwaiti Dinar
• INR: Indian Rupee
• SGD: Singapore Dollar
• MAS: Monetary Authority of Singapore
• GBP: British Pound Sterling
• EMI: Equated Monthly Installment
• OD: Overdraft
• EBLR: External Benchmark Lending Rate
• MCLR: Marginal Cost of Funds Based Lending Rate
• FATCA: Foreign Account Tax Compliance Act
• OECD: Organisation for Economic Co-operation and Development
• HUFs: Hindu Undivided Families
• PPF: Public Provident Fund
• EPF: Employees’ Provident Fund
• UPI: Unified Payments Interface
• PMJJBY: Pradhan Mantri Jeevan Jyoti Bima Yojana
• PMSBY: Pradhan Mantri Suraksha Bima Yojana
• APY: Atal Pension Yojana
• SIP: Systematic Investment Plan
• RTGS: Real-Time Gross Settlement
• TDR: Ticket Deposit Receipt
• RAC: Reservation Against Cancellation
• CIBIL: Credit Information Bureau (India) Limited
• MICR Code: Magnetic Ink Character Recognition Code
• F&O: Futures and Options
• KYC: Know Your Customer
• VAT: Value-Added Tax
• IFSC: Indian Financial System Code
• GRN: Goods Received Note
• PIN: Personal Identification Number
• OTP: One-Time Password
• SEBI: Securities and Exchange Board of India
• RTO: Regional Transport Office
• PUC: Pollution Under Control
• HNIs: High-Net-Worth Individuals
• UIDAI: Unique Identification Authority of India
• NSC: National Savings Certificate
• Sukanya Samriddhi Yojana: Sukanya Samriddhi Yojana
• ATM: Automated Teller Machine
• SFB: Small Finance Bank
• NGO: Non-Governmental Organization
• MED: Micro Enterprises Development
• PDF: Portable Document Format
• EPFO: Employees’ Provident Fund Organization
• LIC: Life Insurance Corporation
• NSDL: National Securities Depository Limited
• PFRDA: Pension Fund Regulatory and Development Authority
• NAV: Net Asset Value
• SWIFT: Society for Worldwide Interbank Financial Telecommunication
• ESG: Environmental, Social, and Governance
• ATMs: Automated Teller Machines
• NRE: Non-Resident External Accounts
• GSM: Global System for Mobile Communications
• NPS: National Pension System
• AMC: Asset Management Company
• FACS: Foreign Account Tax Compliance Act of Singapore