NEFT (National Electronic Fund Transfer)

According to RBI. NEFT or National Electronic Funds Transfer is a nation-wide payment system facilitating one-to-one funds transfer. With the help of this,  individuals, firms and corporate can transfer their funds (Money) electronically from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country (India).

NEFT FaQs

How much time it takes for NEFT Transfer?

At average it take about 1 hour for a NEFT transaction to get completed. It can even take two hours or may get processed in 10 minutes depending on the time on initiating transfer.

According to RBI, the transfer can be expected to get completed on the same day which are done between 8 am to 5 pm. For transactions initiated in the last two batches (i.e., in the 6 and 7 pm batch), beneficiaries can expect to get credit in their account either on the same day or on the next working day morning (depending on the type of facility enjoyed by the beneficiary with his bank).

What is Minimum and Maximum amount that can be transferred through NEFT?

Though their is no limitations for transferring money in NEFT. But yes while registering a beneficiary you will be asked to set a limit of transfer to a account. You will not allowed to transfer more amount than the one you set for each transaction.  Some bank even keep restrictions on NEFT like HDFC allow only transfer of 10 lac in a day per beneficiary and SBI allow only 5 lac per day per beneficiary A minimum amount of Rs. 1 should be their to initiate a transfer.

How does NEFT works?

As per RBI, NEFT is processed in 5 steps.
Step-1 : An individual or firm or corporate who want to initiate transfer of funds through NEFT has to register a beneficiary with his account. While registration he has to provide the details of the beneficiary (like name, account number, Bank name, Branch IFSC of the beneficiary) and the amount to be transferred or remitted. The registration form will be available at the originating bank branch or at the Internet Banking of your Account. Customers enjoying net banking facility offered by their bankers can also initiate the funds transfer request online any time in NEFT hours. Some banks offer the NEFT facility even through the ATMs. Walk-in customers will, however, have to give their contact details (complete address and telephone number, etc.) to the branch. This will help the branch to refund the money to the customer in case credit could not be afforded to the beneficiary’s bank account or the transaction is rejected / returned for any reason.
Step-2 :  When the step 1 is completed. The originating bank branch prepares a message and sends the message to its NEFT service center (NSC) or  pooling center.
Step-3 : The NSC then forwards the message to the NEFT Clearing Centre, which is at present operated by National Clearing Cell, Reserve Bank of India, Mumbai. NEFT clearing center then set it to be included for the next available batch.
Step-4 : At Clearing Centre funds transfer are sorted by transactions destination bank-wise and prepares accounting entries to receive funds from the originating banks (known as debit) and give the funds to the destination banks(known as credit). Thereafter, bank-wise remittance messages are forwarded to the destination banks through their centre (NEFT Service Centre).
Step-5 : When the batch time comes the destination banks receive the inward remittance messages from the NEFT Clearing Centre and pass on the fund or say credit to the beneficiary customers’ accounts.

What are NEFT Batch timings?

RBI do 11 NEFT settlement batches everyday, Monday to Saturday. On 2nd and 4th Saturday NEFT holidays are observed.

Batch timings are the timings when your transfer requests are forwarded to beneficiary’s Bank by RBI. 

Below are the NEFT timings of Batches.

Monday to Saturday:-  09:00, 10:00, 11:00, 12:00, 13:00, 14:00, 15:00, 16:00, 17:00, 18:00 and 19:00 hrs.

On Sundays and 2nd & 4th Saturdays:- Holiday.

How to transfer money/fund online using NEFT? OR

How to set fund transfer online using NEFT?

To set Online fund transfer you will have to get create a Netbanking account at first. You can go to your bank base branch where you opened your account and ask them for activating Internet banking. When you have your Internet banking in access you will need to carry the following steps.

  • Log in to your Internet banking.
  • Add beneficiary. See how you can add beneficiary.
  • Open Fund transfers/ Third party transfers.
  • Select the transaction type i.e. Within same bank, To other bank etc.
  • After selecting you will be redirected on next page where you will have to fill following details.
  • Beneficiary account from the list you already added.
  • Amount to be transferred.
  • Account from which fund is to be transferred (in case you have multiple account connected in same Internet Banking ID)
  • Remarks of the payments.
  • Schedule type : Transfer Now, Schedule for later etc.

After all these steps you will be have to click proceed and you may as to enter the High Security password which you will receive on your registered mobile number.

The password security step may not be asked every-time or may be different for different banks.

Once this step is completed the request of fund transfer will be forwarded to RBI and RBI will pass it in next possible batch time.

Is it is possible to schedule a NEFT transfer in advance for upcoming hours or days?

Yes, NEFT or National Electronic Fund Transfer can be scheduled for later.  A option for this will be provided at time of completing final steps of NEFT.

Though the transfer will be depending on availability of funds in your account at the scheduled time.

What are the main conditions required for NEFT?

  • Originating and destination bank branches should be part of the NEFT network

  • Beneficiary details such as beneficiary name, account number and account type, name and IFSC of the beneficiary bank branch should be available with the remitter

  • For net banking customers, some banks provide the facility to automatically pop-up the IFSC once name of the destination bank and branch is highlighted / chosen /   indicated / keyed in.

The article is written with full care and no information in our eye is wrong. Though RBI and Banks reserve the right to change any policy at any time. We are morally but not legally liable if you found any of the above service in not found correct.

By:-

251 Comments

  1. Himanshu Yadav

    Sir is there any way to track my NEFT status?

    Reply
    1. Gagan Choudhary

      No there is no way to track NEFT status.

      Reply
      1. parth

        sir, NEFT transfer hdfc to sbi how much time take,and this NEFT transaction was safe.

        Reply
  2. hassain

    if i transfer money at 12.00PM to my firends AC at what time he can withdrawn the money.

    Reply
      1. Rohan

        My friend transferred money on Friday 6pm. Friday was national holiday. This is 323rd Sunday now. I did not receive the money. Its from ICICI to SBI. When I will get the money.

        Reply
        1. Gagan Choudhary

          You will get money today.

          Reply
    1. kavitha

      Sir, my friend has made NEFT payment on oct 3rd around 1.40pm still now i didnt receive amount in my account ..may i know still how long time it will take ??

      Reply
      1. Gagan Choudhary

        It was supposed to get credited on same day. Ask your friend to contact bank regarding that.

        Reply
  3. sandeep

    Neft transaction from lic take how much time to credit 2 my accont number

    Reply
    1. surya choudhury

      Sir i had transfered money yesterday evening at 9:oo clock from kotak to sbi when my friend will get money and now is saturday morning

      Reply
  4. Gunjan Wadhwani

    How to cancel the automatic NEFT transfer?

    Reply
  5. UTHRA

    Sir,
    I have initiated a NEFT between Canara bank and Karur Vysya bank on Sunday night – online ( Net banking)
    How long does it take to complete. My counterpart has not yet received the transfer amount.

    Appreciate your help here.

    Regards,
    Uthra

    Reply
    1. Gagan Choudhary

      I think NEFT did not go through. Either the amount has not been debited from your account or you will get refund by Thursday. If not, contact your bank.

      Reply
      1. UTHRA

        Thank you Gagan for the prompt response. Yes called the bank, nothing at either ends.
        Will try another now. don’t know what went wrong!

        Appreciate your quick reponse!

        Thanks!

        Reply
  6. sunil

    Sir, today i made a neft transaction from hdfc to sbi at 11 am and my account got debited instantly but still the party haven’t received the same. its already 10 hrs passed. what to do iam worried.

    Reply
    1. Gagan Choudhary

      Check if the details were correct. Wait till tomorrow morning if they were correct. And contact bank then. If you find wrong account number contact bank Customer care ASAP.

      Reply
  7. Lalitha

    Hi… I want to know how many NEFT transaction are free of charges for HDFC and SBI bank in a year?

    Reply
    1. Gagan Choudhary

      No transaction is free. There are charges for all the txns.

      Reply
  8. Vijay Makwana

    Hello!

    Party(Axis Bank) has done NEFT to my personal Account (SBI) at 4.36 PM on Thrusday. What time should i get the Money in my Account? Is there any Limit to the Transaction.?

    Thanks Gagan in Advance!

    Vijay

    Reply
    1. Gagan Choudhary

      You must have received that on Thursday itself around 6 pm.

      Reply
  9. Shafali

    Hello, I initiated Fund Transfer for the first time and i filled correct account details. Its from icici to boi bank transfer.

    When money will get transferred in boi account?

    Reply
    1. Gagan Choudhary

      Considering your comment time as the time you initiated the transfer, it will get processed by 12:30 pm.

      Reply
  10. Basit

    The party has transferred funds on Saturday at 9:50pm and I haven’t received it till now. Transfer has been made from icici bank Punjab to hdfc mumbai. The party says it will come within 3 working days. Is that true? When will I receive the money?

    Reply
    1. Gagan Choudhary

      It never takes that long, party is telling lie.

      Reply
  11. sandhya

    Hi
    Recently i registered internet banking in canara bank i made two transactions also but i want to check the transactions what is process can u tell

    Reply
  12. Pranav

    My client had transferred via NEFT on Saturday (4:00pm) with Axis Bank to my SBI.. Now saturday & sunday were holiday.. Money is not debited on my account till now.. But the client said he got credited as soon as he transferred.. How much time it will take and what actions should i take if its not tranferred.. Thank You!

    Reply
    1. Gagan Choudhary

      Since 2nd and 4th Saturday are observed as complete holiday now , your money will get reflected today.

      Reply
  13. saree

    I got a message on Friday at 7pm that money has been transferred to my bank account. But till today the money is not reflecting in my account. The bank account details that they have with them are correct. I am not sure what is going wrong. My Ac is with HDFC and I am not aware about the bank details of the persons who are transferring.

    Reply
    1. Gagan Choudhary

      You were supposed to receive them on Monday itself. I see no reason for delay. Try contacting your bank if the amount was more than 10000 and there is no PAN card attached. If this is not the case contact the bank from which money was transferred.
      Regards.

      Reply
  14. prasanna

    Sir neft transaction done on 6:30 pm .by what time opposite party will receive the money .please inform sir

    Reply
    1. Gagan Choudhary

      Will receive that today itself. By 8 pm.

      Reply
  15. Kanishka

    Sir I have transfered money from icici to SBI via neft at 12.30am. The amount has been deducted from my account of icici but there is no reflection in the SBI account. May I know how long will it take??

    Reply
    1. Gagan Choudhary

      It will reflect by 9 am today.

      Reply
  16. Kunal

    Sir, My friend has made NEFT payment from his HDFC bank on 3rd oct Saturday around 20:00hrs through HDFC bank to ICICI bank and the amount is also deducted from his HDFC acccount but still the payment is not posted so can you please tell how much will it take more

    Regards
    Kunal

    Reply
    1. Gagan Choudhary

      It will reflect in to your account with this hour.

      Reply

  17. sir .. i made a payment by net banking and choose the payment option of NEFT ,and i transfer the funds in BIO bank on sunday at 7.30AM,but amount has debited so please confirm when the A\c beneficiary will get amount,

    Reply
    1. Gagan Choudhary

      It will get credited tomorrow morning by 9am.

      Reply
  18. Subhash

    Sir i have done NEFT transfer from HDFC to CBI in the morning at 9am till money is not deposited to beneficiary account
    When i can expect to get it transfer.

    Reply
    1. Gagan Choudhary

      This should not be the case anyhow. But I still request you to wait till tomorrow morning just is case there is any technical error.

      Reply
  19. Rajeshwari

    How much time it will take if I transfer money from sbi to indus bank at 12 pm…?

    Reply
  20. tiger

    I transferred from ICICI to HDFC via NEFT today (3rd Saturday) at 17:30.
    When will that be credited to HDFC ?

    Reply
    1. Gagan Choudhary

      Possibility is high for today itself.

      Reply
        1. Gagan Choudhary

          Welcome. If not today it will be credited on Monday at 8 am.

          Reply
  21. Gowrishankar

    Dear Sir,

    I was done my NEFT transaction on 15th thursday. But it showing credited in my account but it was not credit to beneficiary (4 days gone). Is it possible to cancel my transaction.

    Reply
    1. Gagan Choudhary

      It must not take that much time. Contact your bank customer care

      Reply
  22. thayyib

    Sir,
    I’ve done fund transfer from vijaya bank to sbi through NEFT at 8:00 pm (Wednesday).after i’m proceeding, they have shown the message “your request is accepted”.but SBI a/c isn’t credited being amount debited from vijaya bank a/c.
    How long will it take time to transfer the amount ?

    Regards,
    Thayyib

    Reply
    1. Gagan Choudhary

      Dear thayyib it may take 2 days now as there will be NEFT holiday today. It will get credited tomorrow morning.

      Reply
  23. thayyib

    Sir,
    I’ve done fund transfer from vijaya bank to sbi through NEFT at 8:00 pm (Wednesday).after i’m proceeding, they have shown the message “your request is accepted”.but SBI a/c isn’t credited being amount debited from vijaya bank a/c.
    How long will it take time to transfer the amount ?

    Regards,
    Thayyib.

    Reply
  24. thayyib

    Is government holiday also holiday for NEFT ?

    Reply
  25. VIKASH

    Hi Gagan
    I transferred INR 8000/- from my standard Chartered account on 23rd (Friday) at 10 pm to SBI account (3rd party transfer). The status in the SC Online is still showing as ‘submitted’. I have checked the account no. and other details and everything is correct. Please tell me When will the amount will get transferred? .
    Thanks

    Reply
    1. Gagan Choudhary

      Hello vikash,
      Thanks for reaching me. It will be credited on Monday morning. As today is 4th Saturday and it is also a NEFT holiday.

      Reply
      1. VIKASH

        Hi,
        Thanks Gagan. You are just wonderful to give such an instant response. I was worried and didn’t knew what went wrong. I really appreciate your help.

        Thanks a lot!
        Regards
        Vikash

        Reply
        1. Gagan Choudhary

          Most welcome. It my readers like you who make me awesome.

          Reply
      2. Vivek

        Hi I made a online fund transfer from sbt to sbi on saturday night 9 pm. My friend didn’t received money stillnon Tuesday morning.please help

        Reply
        1. Gagan Choudhary

          If that was NEFT then contact your bank or else if that was a state bank transfer ask the receiver to contact his bank.

          Reply
  26. siva

    Hello Gagan,

    Its great to see you responses on the queries. I have done my EPF (Employee provided fund) money withdrawal and EPF send SMS to me on wed’day evng 5:40 PM stating that “payment sent through NEFT to my account”. I am bit worried that i have not created with the amount my account.

    I believe EPFO done this transaction through SBI to my Axis Bank account.

    Please help.

    Thanks in advance,
    -siva

    Reply
    1. siva

      Date of the SMS 21st Oct 15(evng 5:40 PM)

      Reply
      1. Gagan Choudhary

        Hello siva, thanks for appreciation. Your case may have two reasons. One could be that NEFT was not done instantly when message was sent. In this case you can wait till Monday,11 am . Second could be the reason that amount was more then 50000 and your PAN details are not updated with bank. In this case you need to contact your bank tomorrow and ask them if there is any new amount and not reflected in your account due to PAN or KYC Details.
        Regards and thanks.

        Reply
      2. Gagan Choudhary

        Hello siva, thanks for appreciation. Your case may have two reasons. One could be that NEFT was not done instantly when message was sent. In this case you can wait till Monday,11 am . Second could be the reason that amount was more than 50000 and your PAN details are not updated with bank. In this case you need to contact your bank tomorrow and ask them if there is any new amount and not reflected in your account due to PAN or KYC Details.
        Regards and thanks.

        Reply
        1. siva

          Hi Gagan,

          The amound is around 1,75000 and other one is 20,000. I dont know as its EPFO is govt organizaion and they have done this instant or not. For your second reason, i just spoke to axis bank that they confirmed about my PAN update is there and they have my pan number in their records. They also confirmed that there is no NEFT transaction hitting to my account from last 10 days.

          I think i have to wait till tommorow by 11 to get the confirmation about tranfer.

          Thanks for your quick reply. Appriciated.

          -Siva

          Reply

  27. Sir I have transfered money from HDFC to SBI via neft at 10.30am. The amount has been deducted from my account of hdfc but there is no reflection in the SBI account. May I know how long will it take??

    Reply
    1. Gagan Choudhary

      It should be done. If not call your bank in morning asking the status of NEFT.

      Reply
  28. Yakso

    i think NEFT trasfer has gotten slower compared to few months back , or is it just me?
    My friend transfer me cash sometimes from his SBI account to my Axis and it takes 2 days even on weekdays.

    Reply
    1. Gagan Choudhary

      No yasko that is not the case anywhere. Fortunately I did a NEFT today itself from SBI to Axis and it took 1hour 45 minutes.

      Reply
  29. ssingh

    If any person does NEFT to a wrong account No by mistake,
    let say for an account which does not exist with beneficiary bank.

    In that case will the sender get back his/her money into account?

    Reply
    1. Gagan Choudhary

      Yes if account number does not exist it get credited back.

      Reply

  30. Dear Sir,

    I was done my NEFT transaction on 6th Friday at 19:30. But it showing credited in my account but it was not credit to beneficiary (4 days gone). what is reason for money not trasformed yet.

    Reply
    1. Gagan Choudhary

      There is no reason for this. Contact your bank immediately.

      Reply

  31. First of all thanks for responding.
    sir when i added beneficiary account .i done enter name mistake but account number and other datails are correct. Is there any problem regarding to this.please inform sir.

    with regards ,
    riyaz

    Reply
    1. Gagan Choudhary

      No problem that all fine. :)

      Reply
  32. Nanda

    Hi sir if neft done at Saturday 6:17pm from yesbank to Icici when can I expect the amount can I am able get on Sunday?

    Reply
    1. Gagan Choudhary

      Hey Nanda, you gonna see tgat money in Your ICICI on Monday. As second and fourth Saturdays are also NEFT holidays now.

      Reply
  33. HARIKRISHNA

    hi sir, I transferred 5000 rupees amount from yes bank to sbi at the time of 6.35pm and how much time to take transfer to sbi account .

    Reply
    1. Gagan Choudhary

      It will get reflected tomorrow morning.

      Reply
  34. HARIKRISHNA

    hii sir, i need to send 2000 rupees from sbi to sbh can i transfer amount through quick transfer without addding benificiary and is any charges applicable for that?

    Reply
  35. Laxman Alave

    I have transfer amount from HDFC to SBI account on 03:45 pm.& Amount also debited from HDFC .So how much time it takes to credit in SBI.

    Reply
    1. Gagan Choudhary

      It will get credited by 5pm

      Reply

  36. I have transfer amount from IDBI to HDFC account on 09:45 pm.& Amount also debited from IDBI .So how much time it takes to credit in HDFC

    Reply
    1. Gagan Choudhary

      It will get credited tomorrow morning around 9am.

      Reply
  37. Harikrishna

    hi sir,
    i have yes bank acc, and i would like to know how much money how many times the money credited to my acc.
    If it is possible pls tell me ?

    Reply
  38. Sakthi Priya

    I have transfer amount from KVB to HDFC account on 19th dec 2015 around 3.45 pm. Amount also debited from KVB .So how much time it takes to credit in HDFC. Please reply me back ASAP. I already check with the party his account didnt credit by the amount. Kindly give your response soon.

    Reply
    1. Gagan Choudhary

      It will take 60-100 minutes.

      Reply
  39. gowthami

    Neft transaction from lic take how much time to credit 2 my accont number

    Reply
    1. Gagan Choudhary

      Once LIC initiate the transfer it comes in say day.

      Reply
  40. Mona

    Hi sir,
    The party have transfer the amount from Hdfc at 12.20 pm today to sbi account. how long will it take to credit in sbi ac? can you pls rely me ASAP.
    thank you sir.

    Reply
  41. nayan vadher

    Sir my friend did Neft from ICICI TO BOB in my account at Las night after 9:30 pm .. Still I’ve not received from my bob account.. Still how long it will take??

    Reply
    1. Gagan Choudhary

      It will get reflected now before 10:30 am.

      Reply
  42. kirthiraj

    hi gagan , you are doing really good and its very helpful to many.

    appreciations to you and happy new year bro, have a great year ahead!!

    Reply
    1. Gagan Choudhary

      Thanks for your kind words. Wish you same. :)

      Reply
  43. a user

    Sir, is there any unique reference from source bank to destination bank while executing NEFT transfer. is it possible to track a payment in source bank account and destination bank account using same tracking number / reference number.

    Reply
    1. Gagan Choudhary

      There is no such way as of now. You can however ask your Bank via Phone Banking about the status of NEFT.

      Reply
  44. Adarsh

    I made a quick transfer from State bank of Travancore(SBT) to Federal bank. the account number i entered was wrong. i entered 2017100013322, instead of 20170100013322. will i get the refund ?? I already send email to customer support of SBT

    Reply
    1. Gagan Choudhary

      If the account number you have entered belongs to no one, you will get your money back.

      Reply
  45. kumar

    sir, i won prize amount in online game, i requested payout, they transfored to my account on 28-12-2015 throungh third part by NEFT, but that amount not credited in my a/c till now. asking the same from organizer of game, they are saying the amount is transfored and they did get back the amount, and also they are giving transaction reference id.

    with that ref. id i tried to customer care of my sbi account, but unfortunately i have not having my registered mobile at me, and i am working in other city, not in account branch city, and my atm card last four digits are ruffed(unable to identified).

    without registation mobile no., atm card no., customer care of my a/c saying imposible to know the trancsations or transation ref.id

    plase say how to solve my problem, and the transaction done by approaching to nearly a month. if it croses 1 month is there any problem to find the transaction

    Reply
    1. Gagan Choudhary

      You can visit any SBI branch nearby and contact manager directly. Then can check the status. BTW I doubt if that website has really transfered anything. As NEFT hardly takes more than 3 days to reflect back to any account.

      Reply
  46. prasad

    Hi Gagan,

    I did my NEFT transaction today at 17:45 from ICICI to Bank of Baroda. Amount got deducted in ICICI account but it was not credit to BOB. How much time it will take to get credit in BOB. Tomorrow is holiday for NEFT.

    Thank you

    Reply
  47. ashley

    hello Gagan sir,

    I processed NEFT through IDBI hot payment to bank of baroda at 9:30 pm. The payment was deducted instantly and it said hot payment successful but no funds were credited in other account. How much will it take to be credited to account?

    thanks in advance!

    Reply
    1. Gagan Choudhary

      It will complete tomorrow morning.

      Reply
  48. SHIVANI YADAV

    Sir,
    Yesterday I did 45000 NEFT tranction from my Vijay bank account to Bank of India at 7:46 pm.I had received the msg from vijay bank of 45000 Debited from your a/c.But still the amount is not showing in my BOI a/c.
    Please give me the solution

    Reply
    1. Gagan Choudhary

      You will get that today.

      Reply
  49. SHIVANI YADAV

    Thank you Sooo much Gagan sir..for your reply..now m stressed free.
    You make people feel relaxed by your help.Great job..
    Thank you once again.

    Reply
    1. Gagan Choudhary

      Pleasure is all mine dear.

      Reply
  50. SHIVANI YADAV

    I’m happy to share with you that yes..I got the amount of NEFT..just now
    :-)

    Reply
  51. ravi

    Sir I have transfered money from Canara to HDFC via neft at 04.46pm. The amount has been deducted from my account of Canarabank but there is no reflection in the HDFC account. May I know how long will it take??

    Reply
    1. Gagan Choudhary

      Most probably other party will get that before 8 pm. If not it will be credited by tomorrow 11 pm Ravi.

      Reply
  52. ankit

    hello
    my friend transfer money throgh neft on friday arround 6:30pm & money debited his account but not received in my account.and after friday it was 2nd saturday.so when money transfer in my account.

    Reply
    1. Gagan Choudhary

      Most probably on Monday morning. Around 11 am.

      Reply
  53. kumar

    sir, i am not able to do online purchase using my sbi debit card, because the last four digits are not visable, i am working in other city(not home city), and i am not using my registered mobile for changing card.

    plz give me a solution to find the last 4 digits of sbi debit card.

    Reply
  54. vasu

    sir, my friend have done neft transaction on 19-02-16 at 8.30 p.m., but till now i didnt get amount. when can i expect the amount in my account.

    Reply
    1. Gagan Choudhary

      Tomorrow morning you will get that vasu. By 11 am.

      Reply
  55. rahul roy

    Hi Gagan,

    A friend of mine made a NEFT transfer at 11am from an ICICI bank account in Kerala to my account at Corporation Bank BAngalore. Its 8pm now…by when do you think it should reflect in my account.

    Reply
    1. Gagan Choudhary

      I see no reason for this delay. However sometimes bank hold the amount due to KYC issues. Wait till tomorrow morning 11 am and then take NEFT reference number from you friend and contact your bank.

      Reply
  56. shridevi

    I transferred funds from my AXIS Hyd Bank to SBH Kothaguda branch …both in Hyderabad, through NEFT at 8:00 AM today (4th Mar 2016). AXIS got debited instantly and SBH still does not show credit. AXIS shows status of transfer as successful. I see that in this thread maximum delays are with SBI and SB group Banks. I don’t know whom to reach out in Customer Care. Online it shows Mumbai number. Website does not have phone support. Getting tensed, as I had alternate options for transferring money and I chose this route and it has failed my purpose of transfer and intention. Don’t know whom to reach out.

    Reply
    1. Gagan Choudhary

      Don’t worry shridevi. It will get processed before 11:30 am.

      Reply
    2. Gagan Choudhary

      Don’t worry shridevi. It will get processed before 11:30 am. Thanks.

      Reply
      1. shridevi

        Thanks. It got credited after I sent you my concern. At 10:35 AM. So took 2 hrs 35 minutes to get credited.

        Reply
        1. Gagan Choudhary

          Yes that happens sometimes. Its just delay due to heavy traffic in banks like State bank, ICICI, HDFC Axis etc. Thanks for your comment. Happy to assist.

          Reply
  57. Supriyo Pal

    I have transfer nft form my ICICI Bank to SBI Savings A/c today 11:47 AM when it will transfer to my account.

    Reply
    1. Gagan Choudhary

      It will be processed within 30-40 minutes.

      Reply
      1. Supriyo Pal

        thank you for your quick response

        Reply
  58. Koppula prakash

    I had transferred sbi to sbi account money neft transfer on Friday 5:35pm but it still not credited to another sbi account

    Reply
    1. Gagan Choudhary

      Wait till 11 am. Thanks.

      Reply
      1. ravindra.K

        sir, i am making first time tfr from icici bank to sbi through neft, how much time it takes to credit in other ac

        Reply
  59. KwickSilver

    I had transferred money using NEFT from HDFC Bank to SBI in the morning around 10 am. But Beneficiary hasn’t received the amount yet.

    Can you tell me how how much time will it take to transfer the money to beneficiary account.

    Reply
    1. Gagan Choudhary

      Ideally this can not be the case. But still wait for the day and chances are high that you will get by 8 pm today.

      Reply
  60. Phalgun Babu

    Hi Gagan, i have made multiple NEFT transactions from my ICICI account to father-in-law’s Axis bank account. 5 of them i think. In which 3 were successfully transferred but 2 were not. So obviously the account details are correct. Money is debited from my account but not credit to beneficiary. Been more than 2 weeks.
    When my i ask my bank they say the money is debited from my account and that is all they can trace. In laws checked their bank and they say that they have not received anything. Now what can i do? Whom do i catch? Whats the best thing to do for a quick easy resolution?

    Reply
    1. Gagan Choudhary

      You need to contact Axis bank. They are most probably holding the money either due to KYC reason or due to account’s limitations. Keep NEFT reference number handy while contacting Axis.
      Thanks.

      Reply
  61. JOSHI SHAILESH

    I MADE NEFT ON 12.30 PM TODAY , IN HOW MANY TIME CREDIT MY FRIENFD ACCOUNT

    Reply
  62. Saini

    I have initiated neft from icici to sbi around 5.30 pm amt got deducted from my acc but beneficiary is yet to receive.how much time will it take usually?

    Reply
    1. Gagan Choudhary

      Beneficiary will get that by tomorrow 11 am.

      Reply
      1. Saini

        Heye Gagan, thank man for your prompt reply.

        Reply
  63. swmai debbarma

    i have transfered through NEFT hdfc to united bank of india but i have given the ifsc code wrong that ifsc code is from another brance of that bank and account number is correct.but sms has recived for that a particular amount has debited from the acxxxxxxxxxx ..so will it be credited to the beneficiery acount.

    Reply
    1. Gagan Choudhary

      Yes it will be credited. But be careful next time.

      Reply
      1. swmai debbarma

        after how many hours it will be credited to the beneficiery account?

        Reply
        1. Gagan Choudhary

          By tomorrow 11 am. Chances are high that it get processed today itself. Thanks.

          Reply
          1. swmai debbarma

            i have transfer at 3;35pm today through hdfc netbanking. so that means chances are high to be credited to beneficiery a/c right today is it? thanks for your kind reply

          2. Gagan Choudhary

            Yes.

  64. jhansi

    A friend of mine made a NEFT transfer on 2-4-2016 from an CITI bank account in Bangalore to my account at SBI Rajahmundry through net banking. its almost 3 days passed … still the amount not yet credited to my account…by when do you think it should reflect in my account.

    Reply
    1. Gagan Choudhary

      In no case this can take such long. Ask your friend about NEFT status from his bank.

      Reply
  65. jhansi

    A friend of mine made a NEFT transfer on 2-4-2016 from an CITI bank account in Bangalore to my account at SBI Rajahmundry through net banking. its almost 3 days passed … still the amount not yet credited to my account…by when do you think it should reflect in my account.

    Reply
  66. mary

    Sir my brother has trasferred money from his hdfc account to my sbi account on on 9th april 2016 sat night still now i have not recived the money can u tell me wen will i get the money

    Reply
    1. Gagan Choudhary

      You will get that before 11 am tomorrow. Delay is due to holidays. Thanks mary.

      Reply
  67. Ajay

    Hi sir
    I transferred a particular amount through NEFT from my BOB account to PNB account 0XXXXXXXXXXXXXXXX .
    The error I made is there is no zero at the beginning of the A/No.
    The amount has been debited. The question is Sir will my amount be reverted in my account .
    It has already been three days now
    Thank you
    Ajay.

    Reply
    1. Gagan Choudhary

      If the account number after the initial zeros is correct, your money is safe. Contact BOB and ask for status of NEFT. If they say its on hold with PNB, ask your beneficiary to contact PNB with that NEFT number.
      Thanks.

      Reply
  68. Ajay

    Hi Sir
    Thanx a ton for your immediate response.
    Well sir my beneficiary account is not credited as of now and on enquiry I was told that the money have been reverted in my account yet my account balance is not showing that!
    Also I haven’t got any message of the amount being reverted or credited in my account number.
    Will be glad Sir if you can guide through the next step.
    Thank you
    Ajay

    Reply
    1. Gagan Choudhary

      Wait till 5pm today. Then if your home branch is nearby reach them or lodge a complain online.

      Reply
      1. Ajay

        Hi sir
        I went but the home branch is closed today .
        Well Sir do I get update as an when the amount reaches my beneficiary account ? I mean update in my registered mobile number ? Or for that matter in general are the customers updated when the amount reaches to the beneficiary account?
        Thanks

        Reply
        1. Gagan Choudhary

          No if the amount is reaching to beneficiary there is no update to the one who has sent it. However if NEFT fails and money needs to come back to sender’s account then there CAN be a notification via SMS. Best way to check balance is still to check via ATM or net banking.

          Reply
  69. Ajay

    Well Sir let me tell you everything in detail.
    On 11th April through the bank branch BOB I transferred the amount but as I already told you about the error which I came to know on 12th when my beneficiary told that the money has not been credited in his account. That very same day I went to the branch and they told me To apply for new transaction which I did,also I was told that my money had been reverted.
    Now for the seconds transaction I dint got any update even of my money being debited from my account nor the amount of second transactions has reach my beneficiary( seems right as no money was debited from my account) .now when I check the balance in my account from ATm it’s still showing the same balance as it was after the debit of my first transactions.
    Sir the question is :
    1)if my money was reverted from first transaction and not debited from second transactions than it should show me the exact balance as it was before any of these two transactions ,which is not so !
    2) if my money was reverted from first transactions and possibly the second transaction was successful ( of course I dint get any debit update till now) than my beneficiary account would have been credited which is not so!
    Hope you got my point Sir and so sorry for bothering you again and again
    Thanks

    Reply
    1. Gagan Choudhary

      If it is not yet credited then you need to wait till Monday 11 am.

      Reply
        1. Gagan Choudhary

          Answer remains the same. ☺️

          Reply
  70. shekhar honey

    Hi Gagan sir.
    this is shekhar. sir i saw your reply for all the comments. those are very helpful to them. i thought that for me also you will help. trouble is that third person transfer money to my account through N.E.F.T from D.C.S bank to S.B.I bank on fourth Saturday. i got to know that Saturday was holiday, is that possible to transfer in 2nd and 4th Saturday? if it is, how much time to take transfer money?

    Reply
    1. Gagan Choudhary

      All the transactions happened on 2nd and 4th Saturday via NEFT gets credited on next working day i.e. Monday. Almost before 11:30 am on Monday.

      Reply
      1. shekhar honey

        but Gagan sir, now 1.30 pm still not yet came.

        Reply
        1. Gagan Choudhary

          May be the person has not transferred it or he made any mistake. There is also a chance that your bank is holding that amount due to KYC reasons. Ask your friend who transferred money to ask his bank about the status.

          Reply
  71. Vikad Sharma

    Sir I have done NEFT from online sbi on 25th April 2016 nearby 5:30P.m to Bank of Baroda and now its 29th and money has not credited in BOB, all details were OK I asked SBI they sai money has been debited and also asked BOB they said money is not credited and we have no role either Sbi or RBI is Responsible. SIR what should I do and whom should I contact to complaint. Its also checked wheter BOB acc is active or not but found active. PLEASE guide me sir
    REGARDS
    VIKAS SHARMA

    Reply
    1. Gagan Choudhary

      Vikas, sad to hear that. I can feel your problem. Lodge a complain on SBI customer support 1800112211 and they will look into it.

      Reply
  72. Rajiv

    Sir, today i made a neft transaction from yes bank to sbi at 11 am and my account got debited instantly but still the party haven’t received the same. its already 10 hrs passed. what to do iam worried.

    Reply
    1. Gagan Choudhary

      Though its not SBI holiday for NEFT but still you can wait till 11 am monday.

      Reply
  73. Priyanka

    Sir, I have transferred money from SBI to Cosmos bank via NEFT at 5.00 p.m. on today (Saturday). The amount has been deducted from my account of SBI but there is no reflection in Cosmos Bank account. May I know how long will it take?

    Reply
    1. Gagan Choudhary

      Hello Priyanka. It will get processed before 11 am of Monday . Chances are high that it gets processed today.

      Reply
  74. Rahul Raj

    Hello Gagan
    My uncle transferred some money from his SBI account to my AXIS bank account via NEFT at around 3pm. There it is showing successful but till now it has not been deducted or credited in my account. Moreover, when I checked his account summary it is showing only 28 rs in his account. My question is that if there are not sufficient funds in account, it is possible to transfer money? As when he transferred it was showing, successful.

    Reply
    1. Gagan Choudhary

      Hello Rahul. No transaction will happen. When a transaction gets successful it is subjected to funds availability.

      Reply
  75. sasangan

    sir,
    yesterday means on 13.05.2016 i did a NEFT transfer from SBI to IDBI bank from my home branch SBI bank at around 11 am till today i dint received any credits to the idbi account which i transferred could you tell me is that money is safe i will get it back as for next 3 days due to election and normal holidays banks will be closed.
    actually both the accounts are NRE account is there any problem in doing NEFT between the NRE accounts please let me know is that i have did any wrong transaction.

    Reply
    1. Gagan Choudhary

      IDBI will take time to process it as its a NRE account. You will not get before Monday. Its safe by the way.

      Reply
      1. sasangan

        Thank you sir for your reply let see till monday whats going to be…

        Reply
  76. shivani gupta

    Hello sir ,
    Yesterday means 15/05/2016 I did a NEFT transfer form ssbj to SBI via net banking at around 9 am , but I didn’t receive any credit to tha SBI a/c which I transfered could you tell about this process…
    Actually problem is that the a/c benificiery transfer his a/c (silchar ,Assam to hindaun city , Rajasthan ) BT by mistake i used silchar’s a/c ifsc code …so plz tell me about this problem ..

    Reply
    1. Gagan Choudhary

      NEFT might fail Shivani. As you have user IFSC of a entirely different bank. Wait till 11 am today. If not, contact your bank and inform about it. Don’t worry about your money, if account number was correct, its all safe.

      Reply
  77. Saif

    Hi Gagan
    Good Day
    I did NEFT at 8.30 pm. City bank to Indus ind bank.. how long will it take to reflect in indus bank..
    Please suggest
    Thanks

    Reply
    1. Gagan Choudhary

      You will get that before 11 am tomorrow. Thanks.

      Reply
      1. Saif

        Hi Gagan.
        Thanks for your reply..
        Its aleady 12:00 but money is not yet transfered..
        Pls suggest
        Thanks

        Reply
        1. Gagan Choudhary

          Call citibank and ask NEFT status and neft reference number. And then after 3 pm call Indusind bank and ask the status using that reference number.

          Reply
  78. Rajesh

    Money was transfer Indian Bank in Chennai to Icici bank for past 24hours and yet we have received the funds in our account. what might be the delay

    Reply
    1. Gagan Choudhary

      Contact Indian bank and ask NEFT reference number. Then ask ICICI bank about status of same.

      Reply
  79. Vajra

    Hello Sir, On Monday, 30th May at 4:30PM I made an NEFT transfer from HDFC to SBI Bank, and the party informed me on next day that they still have not received the funds. I contacted HDFC today regarding this issue, and they said to wait three working days before lodging a complaint with them, as sometimes it takes upto three days for the funds to be processed by the Payee’s bank. When I researched online, some information states that NEFT transfers from HDFC to SBI can sometimes take three days.

    What is your understanding on this matter? Thank you.

    Reply
    1. Gagan Choudhary

      There is no particular problem in HDFC to SBI but for some reason I have observed may delays in month end. So wait till today evening and then call HDFC for NEFT status and reference number. After that ask SBI about same

      Reply
  80. M.Agilan

    I transferred fund from hdfc to city unionbank at 7 am on 1.6.2016.at what time it will get credited to the beneficiary?..

    Reply
  81. Prasanna

    I transferred fund from Karur Vysya Bank to State Bank of India at 12.45 pm on 1.6.2016.at what time it will get credited to the beneficiary?..

    Reply
    1. Gagan Choudhary

      You mean kotak bank to SBI!! It will happen today.

      Reply
    1. Gagan Choudhary

      Sorry, my bad. Answer remains same.

      Reply
  82. Meiyappan

    Hi,i made a neft to SBI credit card from ICICI SB account, today morning by 8.am, usually it will get credited to my SBI card on the same day, but this time notthig happened, till no confirmation msg from SBI nor not reflecting on online portal. Worried now about the fund as it is 45k..

    Reply
    1. Gagan Choudhary

      Don’t worry. There is some problem with NEFT from last two days. It will happen by tomorrow.

      Reply
  83. Shreyas Sonkusare

    Hi Gagan ,

    I transferred Money From HDFC Account to SBI Account of my Father At 00:47 HRS on 03/06/2016. Can U tell Me will my father get money twomarrow morning?Thanks in Advance.

    Best Regards
    Shreyas Sonkusare

    Reply
    1. Gagan Choudhary

      Yes, by 11 am today. Thanks

      Reply
  84. kavita

    Hi,

    I have neft to my husband a/c @ 12:25 pm today. but till now its not credited in his a/c ( hdfc to standard chartered bank both belongs to delhi). Kindly let me know how much time it will take, i am quite worried its huge amount.

    Reply
    1. Gagan Choudhary

      It will not take much time. Wait till 3:15 pm

      Reply
  85. jagjeet singh

    sir,
    my friend made a neft transaction on yesterday( 17 Jun) . which time it received by party.it’s not recieved till now

    Reply
    1. Gagan Choudhary

      It must get credited before 11 am today.

      Reply
  86. prasannakathula

    My friend is transferred money from hdfc bank to andhra bank through neft on yesterday 12.38 pm.how many days it take to transfer into my account.

    Reply
    1. Gagan Choudhary

      It should happen by today 11 am.

      Reply
  87. prasannakathula

    Sir,still I don’t receive my money.what can I do

    Reply
  88. Rajesh

    Hi sir

    2 days back I have done hdfc NEFT schedule transaction to Saturday but still beneficiary didn’t get money.i have checked, beneficiary account details everything is correct what could be the problem.p lz give me reply

    Reply
    1. Gagan Choudhary

      It should happen by tomorrow 11 am.

      Reply
  89. Kaushiki

    Sir … My friend transfer money from axis bank on Saturday 12 a.m.. Nd today is monday i didn’t get money till now plzz help

    Reply
    1. Gagan Choudhary

      You will get that before 11 am today.

      Reply
  90. Kaushiki

    Sir, i didn’t receive money yet… What should i do??

    Reply
    1. Gagan Choudhary

      Contact sender and ask him yo call his bank and ask about status.

      Reply
  91. Mallikarjun

    Hi Sir
    The party has transferred money from ICICI to standard chartered account on Saturday but i didn’t get money till today . Saturday being 4th Saturday is there any delay . can you help me out plz

    Reply
    1. Gagan Choudhary

      I don’t see any reason for delay. Ask other person to call ICICI and ask status and NEFT UTR number.

      Reply
      1. Mallikarjun

        Thank you so much for your concern

        Reply
  92. Arindam Dutta

    Hi Gagan, is it possible to initiate a NEFT from SBI on a Monday after 6 pm? The beneficiary has a ICICI account, will the beneficiary possibly get the fund on that very day?

    Reply
      1. Arindam Dutta

        You mean it’s not possible to initiate the NeFT?

        Reply
        1. Gagan Choudhary

          You can initiate it but it won’t be credited to beneficiary.

          Reply
  93. Nity

    Friday at 5:00 pm my friend transfer an amount through neft and next day is second saturday . So I can get the money in second saturday if payment was done in Friday.

    Reply
    1. Gagan Choudhary

      No. You will get on Monday.

      Reply

      1. yesterday my sir credited my salary in my bank ,bank of baroda saving ac by Icici Bank office account at 4pm , so when will be my salary credited in my account

        Reply
        1. Gagan Choudhary

          Vincy you will also get on Monday.

          Reply
  94. Nity

    Can I cancel the amount .Which already send through neft at friday but not deliver due to 2nd saturday..

    Reply
  95. Nity

    At which time I get the money on monday.if payment is done on Friday 5:00 pm.plz reply me sir

    Reply
    1. Gagan Choudhary

      You can not cancel if money has been debited from your account. And on Monday it will be credited by 11 am.

      Reply
  96. Nity

    Agar aaj ke date mai imps krnge toh ja payega paisa sir?

    Reply
  97. Nity

    Airtel money se agar transfer krnge toh paisa aaj jayega sir je??

    Reply
    1. Gagan Choudhary

      Paytm se karo ho jaayega.

      Reply
  98. Nity

    My friend is send me money through airtel money. It will be come today or NOT .

    Reply
    1. Gagan Choudhary

      Sorry I have no idea of Airtel money.

      Reply
  99. swmai

    why the amount is not credited till now I have transfer money on last friday through sbi imps/phone banking to HDFC bank account.please help or give information regarding my issue

    Reply
    1. Gagan Choudhary

      No IMPS can not take that much time. Reach out to your bank.

      Reply
  100. Nity

    Dear sir friday ka neft kiya hua hai .avi takk paisa account mai nahi aaya. Kya ye aayega ya nahi

    Reply
    1. Gagan Choudhary

      Sir bank ko call kar k status pucho. Itta delay nahi hota kabhi.

      Reply
  101. AJ

    Sir

    I had transfer some amount from kotak to PNB by NEFT on 11july16… but beneficiary has not receive the amount till date.. kotak customer care said that payment is settled successfully from kotak bank side..

    Please tell me the solution…

    Thanks

    Reply
    1. Gagan Choudhary

      Sorry for the delay. You still need help?

      Reply
  102. Anurag Anand

    sir ,my friend transfer money on friday at 8 am vua NEFT still I dinnt rcieved money today today is sturday 12 PM .. How muchh time its takes?

    Reply
    1. Gagan Choudhary

      You will get today itself.

      Reply
  103. Deepak Uniyal

    Hello Sir,

    I have transferred money from my ICICI to SBI account through NEFT on 16/08/2016 at 5:05pm. And today(17/08/2016), I din’t receive money yet at my SBI account. Please tell me ,How mucth time it take to transfer money through NEFT.

    Reply
  104. Santosh

    Hi gagan

    My friend transfer the amount via neft yesterday first time but I am not yet recived it’s axis to Icici may know the reason

    Reply
    1. Gagan Choudhary

      Yesterday was a NEFT off. You will get that before 11 am today

      Reply
  105. Dinesh

    I have transfer amount from HDFC to ICICI account on 02:10 am.& Amount also debited from HDFC .So how much time it takes to credit in ICICI.

    Reply
    1. Gagan Choudhary

      It will take time. Wait till 11 am

      Reply
  106. Rhea

    How long will it take for a Citibank NEFT (transferred at 4.55 pm) take to be credited to my ICICI account? Thanks in advance for your help.

    Reply
    1. Gagan Choudhary

      Will happen before 7 today. Or else tomorrow morning.

      Reply

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