IDFC FIRST Bank has set a maximum money transfer limit of Rs 20,00,000. However, some banks have set the upper limit. ![]() To encourage it, RBI has not stipulated any maximum limit, except for the per transaction limit of Rs 50,000. When it comes to NEFT, you can send money starting from Re 1. From Monday to Friday: You can make NEFT fund transfer from 8 am to 7 pm.As for the NEFT clearance, there are permitted timings: ![]() Nevertheless, both the accounts should be NEFT-enabled. The Reserve Bank of India (RBI) offers three common methods of digital payments, and they are: National Electronic Fund Transfer (NEFT)Īn electronic funds transfer system introduced and maintained by RBI, NEFT helps with money transfer from your bank account to the beneficiary’s account, irrespective of it being in any other bank.
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