{"id":15533,"date":"2025-01-21T17:06:38","date_gmt":"2025-01-21T11:36:38","guid":{"rendered":"https:\/\/razorpay.com\/learn\/?p=15533"},"modified":"2026-02-09T17:41:51","modified_gmt":"2026-02-09T12:11:51","slug":"boi-neft-charges","status":"publish","type":"post","link":"https:\/\/razorpay.com\/learn\/boi-neft-charges\/","title":{"rendered":"BOI NEFT Charges 2026: Complete Guide to Fees, Limits, and Process"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The National Electronic Funds Transfer (<\/span><a href=\"https:\/\/razorpay.com\/learn\/neft\/\"><span style=\"font-weight: 400;\">NEFT<\/span><\/a><span style=\"font-weight: 400;\">) is a popular online payment system that enables seamless transfer of funds between bank accounts. Bank of India (BOI), a leading public sector bank, offers NEFT services to its customers at competitive NEFT Transaction Charges in 2026. This article provides a comprehensive guide to BOI NEFT charges, transaction limits, timings, and the process to initiate an NEFT transfer.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69f8bb99c1075\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69f8bb99c1075\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/razorpay.com\/learn\/boi-neft-charges\/#BOI-NEFT-Charges-in-2026\" >BOI NEFT Charges in 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/razorpay.com\/learn\/boi-neft-charges\/#BOI-NEFT-Timings\" >BOI NEFT Timings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/razorpay.com\/learn\/boi-neft-charges\/#Bank-of-India-BOI-NEFT-Transaction-Limits-in-2026\" >Bank of India (BOI) NEFT Transaction Limits in 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/razorpay.com\/learn\/boi-neft-charges\/#How-to-Initiate-an-NEFT-Transaction-in-BOI\" >How to Initiate an NEFT Transaction in BOI?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/razorpay.com\/learn\/boi-neft-charges\/#Tips-to-Minimise-NEFT-Charges-in-Bank-of-India\" >Tips to Minimise NEFT Charges in Bank of India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/razorpay.com\/learn\/boi-neft-charges\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/razorpay.com\/learn\/boi-neft-charges\/#Frequently-Asked-Questions-FAQs\" >Frequently Asked Questions (FAQs)<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"BOI-NEFT-Charges-in-2026\"><\/span><b>BOI NEFT Charges in 2026<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">When it comes to <\/span><a href=\"https:\/\/razorpay.com\/learn\/neft-payment-charges-method\/\"><span style=\"font-weight: 400;\">NEFT transfer charges<\/span><\/a><span style=\"font-weight: 400;\">, the Bank of India has implemented a transparent and straightforward fee structure. Here&#8217;s a detailed breakdown of the charges based on the transaction amount:<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Transaction Amount<\/b><\/td>\n<td><b>Branch Charges<\/b><\/td>\n<td><b>Net\/Mobile Banking Charges<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Up to \u20b910,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b92 + GST<\/span><\/td>\n<td><span style=\"font-weight: 400;\">No charges<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Above \u20b910,000 to \u20b91 lakh<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b95 + GST<\/span><\/td>\n<td><span style=\"font-weight: 400;\">No charges<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Above \u20b91 lakh to \u20b92 lakhs<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b915 + GST<\/span><\/td>\n<td><span style=\"font-weight: 400;\">No charges<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Above \u20b92 lakhs<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b925 + GST<\/span><\/td>\n<td><span style=\"font-weight: 400;\">No charges<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">It&#8217;s important to note that:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">There are no charges for inward NEFT transactions, regardless of the amount.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">GST and other applicable surcharges will be levied on the branch charges mentioned above.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">NEFT transactions initiated through net banking or mobile banking are free of cost, irrespective of the transfer amount.<\/span><\/li>\n<\/ul>\n<h3><b>BOI NEFT Charges based on Account<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The Bank of India applies uniform NEFT charges across all account types, including savings, current, and overdraft accounts. This ensures a level playing field for all customers, making it easier to understand and manage transaction costs.<\/span><\/p>\n<h2 dir=\"ltr\" data-pm-slice=\"1 1 []\"><span class=\"ez-toc-section\" id=\"BOI-NEFT-Timings\"><\/span>BOI NEFT Timings<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\">NEFT Timing plays a crucial role in ensuring smooth and timely fund transfers. The Bank of India adheres to the RBI&#8217;s guidelines for NEFT operations, which are as follows:<\/p>\n<ul dir=\"ltr\">\n<li>\n<p dir=\"ltr\">Weekdays (Monday to Friday):<\/p>\n<ul dir=\"ltr\">\n<li>\n<p dir=\"ltr\">12 settlements from 8 am to 7 pm, processed in hourly batches.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p dir=\"ltr\">Saturdays:<\/p>\n<ul dir=\"ltr\">\n<li>\n<p dir=\"ltr\">6 settlements from 8 am to 1 pm, processed in hourly batches.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p dir=\"ltr\">Transactions initiated after the cut-off time will be processed in the next available batch.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">The half-hourly settlement schedule is as follows:<\/p>\n<ul dir=\"ltr\">\n<li>\n<p dir=\"ltr\">Weekdays: 23 half-hourly settlements between 8 am and 7 pm.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">First, third, and fifth Saturdays: Same as weekdays.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Second and fourth Saturdays: 6 settlements from 8 am to 1 pm.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p dir=\"ltr\">Transactions initiated after 6:30 pm on weekdays and 12:30 pm on Saturdays will be processed in the next working day&#8217;s first batch at 8 am.<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\">Understanding these timings will help you plan your NEFT transactions effectively and ensure timely receipt of funds by the beneficiary.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bank-of-India-BOI-NEFT-Transaction-Limits-in-2026\"><\/span><b>Bank of India (BOI) NEFT Transaction Limits in 2026<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">When it comes to NEFT transaction limits, the Bank of India offers ample flexibility to cater to the diverse needs of its customers:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Minimum transaction amount: \u20b91<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Maximum transaction amount: No upper limit<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Maximum number of transactions per day: No limit<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Maximum daily transaction limit: No cap on the total amount transferred per day<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">These generous limits make NEFT an ideal choice for both small and large value transactions,\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">accommodating the requirements of individuals and businesses alike.<\/span><\/p>\n<h2 dir=\"ltr\" data-pm-slice=\"1 1 []\"><span class=\"ez-toc-section\" id=\"How-to-Initiate-an-NEFT-Transaction-in-BOI\"><\/span>How to Initiate an NEFT Transaction in BOI?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\">Initiating an NEFT transaction with the Bank of India is a simple and straightforward process. Follow these steps to transfer funds seamlessly:<\/p>\n<ol dir=\"ltr\">\n<li>\n<p dir=\"ltr\">Gather the necessary details:<\/p>\n<ul dir=\"ltr\">\n<li>\n<p dir=\"ltr\">Beneficiary&#8217;s name<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Beneficiary&#8217;s account number<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Beneficiary bank&#8217;s IFSC code<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Amount to be transferred<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Sender&#8217;s account number and name<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p dir=\"ltr\">Choose your preferred transaction channel:<\/p>\n<ul dir=\"ltr\">\n<li>\n<p dir=\"ltr\">Branch: Visit your nearest BOI branch, fill the NEFT form, and provide the required details. The branch will process the transaction.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Net Banking: Log in to your BOI net banking account, navigate to the Funds Transfer section, select NEFT, enter the beneficiary and transaction details, review, and submit.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Mobile Banking App: Log in to the BOI mobile app, go to the Funds Transfer section, select NEFT, enter the necessary details, and confirm the transaction.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p dir=\"ltr\">For future transactions, you can use BOI&#8217;s online NEFT registration facility to register beneficiaries, eliminating the need for branch visits.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Once the transaction is processed, you&#8217;ll receive an SMS alert on your registered mobile number for both debit and credit confirmations.<\/p>\n<\/li>\n<\/ol>\n<p dir=\"ltr\">In case of any issues or discrepancies, reach out to the Bank of India&#8217;s customer care or visit your branch for prompt resolution, usually within 2 working days.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tips-to-Minimise-NEFT-Charges-in-Bank-of-India\"><\/span><b>Tips to Minimise NEFT Charges in Bank of India<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">While the BOI NEFT charges are already quite reasonable, here are a few tips to help you further minimise transaction costs:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Opt for net banking or mobile banking channels for NEFT transactions, as they are free of charge.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Consolidate multiple transfers into a single transaction to avoid multiple branch charges.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Keep an eye out for special promotions or offers that may waive or reduce NEFT charges during specific periods.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">By being mindful of these aspects, you can optimise your fund transfers and save on transaction fees.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><b>Conclusion<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The Bank of India&#8217;s NEFT charges, limits, and process in 2026offer a user-friendly and cost-effective solution for electronic fund transfers. With no charges for <\/span><a href=\"https:\/\/razorpay.com\/learn\/what-is-online-transaction\/\"><span style=\"font-weight: 400;\">online transactions<\/span><\/a><span style=\"font-weight: 400;\">, generous transaction limits, and a streamlined process, BOI ensures that customers can transfer funds with ease and convenience. By staying informed about the neft transfer charges and leveraging the bank&#8217;s extensive branch network and secure digital channels, you can make the most of NEFT services for your financial needs. <\/span><span style=\"font-weight: 400;\">With round-the-clock availability through Internet banking and competitive charges, BOI NEFT remains a preferred mode of funds transfer for many. <\/span><span style=\"font-weight: 400;\">Embrace the power of NEFT and experience seamless, reliable, and efficient fund transfers with the Bank of India.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently-Asked-Questions-FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><b>1. Are there any NEFT charges for BOI transactions under \u20b910,000?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Yes, for branch transactions under \u20b910,000, there is a nominal charge of \u20b92 + GST. However, NEFT transactions made through net banking or mobile banking are free of cost, regardless of the amount.<\/span><\/p>\n<h3><b>2. Does BOI charge for NEFT transactions made via internet banking or mobile banking?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">No, the Bank of India does not levy any charges for NEFT transactions made through internet banking or mobile banking channels, irrespective of the transfer amount.<\/span><\/p>\n<h3><b>3. Are NEFT charges applicable for BOI customers transferring money to other BOI accounts?<\/b><\/h3>\n<p>Yes, neft charges are applicable even for transfers between BOI accounts. The charges are based on the transaction amount and the channel used (branch or online).<\/p>\n<h3><b>4. Is there a charge for failed or reversed NEFT transactions in BOI?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">No, the Bank of India does not impose any charges for failed or reversed NEFT transactions. However, it&#8217;s essential to ensure that you enter the correct beneficiary details to avoid any failures or delays in the transfer process.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Electronic Funds Transfer (NEFT) is a popular online payment system that enables seamless transfer of funds between bank accounts. Bank of India (BOI), a leading public sector bank, offers NEFT services to its customers at competitive NEFT Transaction Charges in 2026. This article provides a comprehensive guide to BOI NEFT charges, transaction limits,<\/p>\n","protected":false},"author":151156614,"featured_media":16546,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1387],"tags":[1509,3854,3856,3855],"class_list":{"0":"post-15533","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-payments","8":"tag-neft","9":"tag-neft-charges","10":"tag-neft-fund-transfer-charges","11":"tag-neft-transfer-charges"},"_links":{"self":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/15533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/users\/151156614"}],"replies":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/comments?post=15533"}],"version-history":[{"count":4,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/15533\/revisions"}],"predecessor-version":[{"id":18837,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/15533\/revisions\/18837"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/media\/16546"}],"wp:attachment":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/media?parent=15533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/categories?post=15533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/tags?post=15533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}