Bank of Baroda NEFT Form: Bank of Baroda brings to you Online NEFT / RTGS funds transfer, an initiative that extends convenience and comfort to your net banking experience. National Electronic Funds Transfer. With National Electronic Funds Transfer (NEFT) you can transfer funds and make Credit card payments to any bank across India. With this service your transactions are easier, and, with fewer restrictions, they reach further than before. Now check more details for Bank of Baroda NEFT From below.
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What is NEFT?
NEFT has paved the way for big fund transfers online. Earlier people would have been skeptical to use it because it is such high-end technology and it could cause confusion but with the success of this scheme, more and more people are using it and also spreading the word. There are charges attached to NEFT if the beneficiary has an account with the same bank. But if the remitter is transferring money to a beneficiary from another bank, there is a list of charges attached to it. It varies for the sum that is being transferred.
It is minimal and ranges from Rs 2.50 to Rs 25. As a result, it doesn’t even pinch the pocket and is very reasonable. This transfer is considered to be very safe and is encouraged because there is no cash involved. The Remitter and Beneficiary receive a message once the transaction is done, thus leaving both absolutely relaxed. Once the timings are known, which the bank provides, all you need to transfer and everything is taken care of.
Bank of Baroda NEFT Form
Minimum and Maximum Amount for Transfer
- Minimum: Rs.1
- Maximum: Rs 2 Lakhs
Bank of Baroda NEFT Charges
Reserve Bank of India has waived off the service charge applied by banks on NEFT transfers initiated online via internet banking and/or mobile banking. But, NEFT initiated at the bank branch is chargeable. Currently, BOB NEFT Charges are as follows:
| Transaction Amount | NEFT Charges |
| Up to Rs.1 lakh | NIL |
| Above Rs.1 lakh – Rs.2 lakh | Rs.15 per transaction |
| Above Rs.2 lakh | Rs.25 per transaction |
How to Send Payment via NEFT
There are two ways to send payment via NEFT and one of them is 1. NEFT via Online Internet Banking and 2nd is 2. NEFT via Bank Branch..
NEFT via Bank Branch : If you want to make NEFT via offline mode i.e from Bank Branch then you need to visit your nearest Bank of Baroda Branch and Request for NEFT Form or Slip and Fill all the require details asked in NEFT Form and submit to Cashier, Now you bank brach send payment to another person within 2 working hours
NEFT Via Internet Banking: You may also send money via NEFT by using your Bank of Baroda Internet Banking Service, To use Internet banking, you need to log in at the Bank of Baroda Website and then you will require to add new Beneficiary and then you are able to make payment via NEFT. Online NEFT is enabled for all customers of Bank of Baroda (Internet Banking) with full transaction right.
If you would like to avail Bank of Baroda NEFT Facility then please download the application form or visit to your Bank of Baroda Brach and submit the duly filled form to your base branch. If you are already a Bank of Baroda Connect customer with “view right” and would like to avail full transaction right, please resubmit your application form (can be downloaded from the above URL) to your base branch.
- Login to Bank of Baroda Retail NetBanking
- On the left hand side navigation bar, click on “Other Bank Transfer – NEFT” under the Funds Transfer section.
- Fill in all details like transfer amount, destination account number, IFSC Code, beneficiary name & payment details. After these details are filled in correctly, a unique transaction confirmation number would be generated. This number is to be quoted for any query related to this particular transaction.
What the customer must have for remittance
IFSC of the bank branch to which the remittance to be made (IFSC is 11 character code)
Beneficiary account number, Name and Address (to whom the remittance is intended to )
Approach the branch with the above details
How to get the IFSC of the branch
Indian Financial System Code (IFSC) means a unique code of 11 digits of NEFT/RTGS-enabled Branches. Normally, this code will be printed on the checkbooks OR it may be obtained from the branch where the account is maintained. It is also available on the RBI website. In case the IFSC of the beneficiary bank is not known, the same can be obtained by selecting the Bank and Branch while registering the beneficiary.
- It is available on the cheque leaf supplied by the bank
- Can also get from the branch
When is the amount credited in the beneficiary account?
- Transactions, once confirmed will be immediately debited from the source account and taken up for processing. Transactions initiated before the cut off time shall be processed on the same day.
- All transactions initiated outside the NEFT hours and on NEFT holidays will be processed (for onward transfer to beneficiary bank) only on the next working day. Please ensure that there are sufficient funds in your account to process the transaction. In case you are retrying, please check the status of your previous transaction
- Please note that once the amount is debited and processed from Bank of Baroda, the credit into the beneficiary account is completely dependent on the destination bank
Bank of Baroda NEFT:
Tel: 022-6759 2721, 6759 2719, 6698 1559
Fax: 022-6698 3246
Email: [email protected]
