The National Electronic Funds Transfer (NEFT) system is a nationwide payment mechanism that enables seamless funds transfer from one bank account to another. With the rise of online banking, NEFT has become one of the most popular and efficient ways to transfer money electronically, eliminating the need to visit a bank branch for such transactions.

Bank of Baroda provides convenient NEFT (National Electronic Funds Transfer) online and offline services for its customers. Account holders can quickly transfer funds using online banking or mobile banking. For those who have not activated these digital services, NEFT transfers can be made by visiting any bank branch. 

Continue reading the blog to comprehensively understand Bank of Baroda NEFT charges, process, prerequisites, and benefit

What are BOB NEFT Charges in 2025?

While the RBI does not levy any charge for processing NEFT transactions, the Bank of Baroda has its own charges applicable for offline transfers (NEFT through branch). As per RBI instructions, no NEFT charge is levied on transactions that are done online or from savings accounts.

Here are all the Bank of Baroda NEFT transfer charges based on the transaction amount:

• Up to ₹10,000: ₹2.25 + GST
• ₹10,001 to ₹1,00,000: ₹4.75 + GST
• ₹1,00,001 to ₹2,00,000: ₹14.75 + GST
• Above ₹2,00,000: ₹24.75 + GST

How to Make Transfers in NEFT?

There are several ways in which individuals can make BOB NEFT transfers. Here is a step-by-step guide on how you can make the payments seamlessly:

NEFT Payments from BOB to Other Banks

Online Process

• Log in to your Bank of Baroda internet banking account using your username and password.
• Navigate to ‘Other Bank Transfer - NEFT’.
• Ensure the payee (beneficiary) is added to your account. Then, provide the required details: beneficiary’s name, amount, bank name, account number, and IFSC code.
• Confirm the transaction using a confirmation code sent to your registered mobile number.

Offline Process

Customers can make NEFT transfers offline by visiting a branch and filling out an NEFT form.

• Visit any NEFT-enabled Bank of Baroda branch.
• In the form, write the branch name and date. Choose the “NEFT” option. Provide details of both the sender (account number, name) and the beneficiary (IFSC code, account number, name, bank name, and branch).
• Hand the completed form and payment (cash or cheque) to the bank official for processing.
• The bank will process your request and provide an acknowledgement receipt.

Transferring Funds from BOB to BOB

Customers can utilise the BOB NEFT facility for reliable and efficient fund transfers within a strong banking network:

• Access your Bank of Baroda online banking account.
• Select the ‘NEFT’ option under ‘Funds Transfer’ and click ‘Add Beneficiary’.
• Fill in the beneficiary’s details, including their name, A/C number and other required details.
• Confirm the addition of the beneficiary. (Note: It may take 30 minutes for a new beneficiary to be activated.)
• Once the beneficiary is active, enter the amount to be transferred, select their name, and click ‘Submit’.
• If it is your first time using NEFT, you may be required to enter an OTP sent to your registered mobile number.
• Confirm the transaction. You will receive a confirmation via SMS once the funds are successfully transferred.

Limitations of Bob Bank NEFT Service

NEFT transactions are processed only during the bank’s working hours. The service is unavailable on bank holidays, potentially delaying time-sensitive payments.

How Do You Pay Your Credit Card Bill Through the NEFT of BOB?

Paying your Bank of Baroda (BOB) credit card bill via NEFT is simple and convenient. Follow these steps to ensure a smooth transaction:

• Access your net banking account by visiting the Bank of Baroda website and entering your username and password.
• Go to the ‘Third Party Transfer’ section and enter the required details to add your credit card as the beneficiary.
• Write the IFSC code for the credit card, and in the account number field, enter the 16-digit Bank of Baroda credit card number.
• Specify the account number from which the payment will be made. Enter the amount to be paid, select ‘NEFT’ as the transaction type, and click ‘Submit’ to process the payment.

BOB NEFT Timing

NEFT transactions are available for processing daily between 8:00 a.m. and 6:45 p.m., except Saturdays when the timing is 8 a.m. and 12:45 p.m. However, customers can access NEFT services through internet banking anytime, 24/7. Additionally, there are no Bank of Baroda NEFT charges for online fund transfers using the NEFT system.

Things to Know About BOB NEFT and RTGS Transactions

Here are some key things to know about Bank of Baroda NEFT services:

• Non-account holders can use NEFT by visiting any NEFT-enabled bank branch, including Bank of Baroda. They must deposit cash and provide the necessary details, such as their address and phone number, to initiate the transaction.
• The beneficiary must have a savings or current bank account to use NEFT. However, individuals without a bank account can still initiate NEFT transactions by visiting an NEFT-enabled bank branch.
• For quick NEFT transfers, the maximum daily limit for retail customers is Rs. 25,000. For corporate customers, the daily limit is Rs. 50,000. Customers will want another transfer mode, such as RTGS, for bulk transfers. 
• If the beneficiary is not pre-added, the sender must complete a one-time addition of beneficiary details before initiating a transaction. This process typically takes up to 30 minutes for activation but can take longer, delaying transfers.
• Delays in NEFT settlement can occur due to technical issues, bank cut-off times, or system maintenance. Stay updated about these factors to transfer funds on time. 

BOB Bank NEFT Form

Here is an example of an NEFT form of the Bank of Baroda: 

BOB Bank NEFT Transaction Requirements

To successfully initiate an NEFT transaction through the Bank of Baroda, you must provide the following details as per the form:

• The account number from which the funds will be debited.
• The cheque number and cheque date if paying via cheque.
• The full name, address, and mobile number of the remitter.
• The total amount to be remitted is entered in both figures and words.
• The beneficiary’s name, account number, and IFSC code for accurate fund transfer.
• The beneficiary’s bank name and branch address for transaction verification.
• Any specific instructions or additional information the sender wishes to convey.
• The signature(s) of the remitter(s) for authorisation.
• The acknowledgement section contains the bank seal, reference number, date, and request submission time.

Final Word

Bank of Baroda facilitates convenient electronic fund transfers with minimal Bank of Baroda NEFT charges, making it an excellent choice for personal and business transactions. With just a few simple steps, you can confidently manage your financial needs through NEFT, ensuring your funds reach their destination quickly and securely.

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