Canara Bank NEFT Charges - Benefits, Timings, NEFT Form and How to Transfer

Canara Bank offers a range of banking products and services to cater to diverse customer needs. Among its many fund transfer facilities, the bank provides the National Electronic Funds Transfer (NEFT) service. NEFT is a convenient option for all Canara Bank account holders to transfer funds online and offline. The Reserve Bank of India regulates NEFT, making it one of the safest methods for transferring funds to individual accounts, paying merchants, and settling online bills. 

This blog explains everything you need to know about Canara Bank NEFT charges, including how to pay credit card bills using Canara Bank NEFT and more.

What are Canara Bank NEFT Charges in 2025?

For all the inward transactions, no fees are levied on funds received via NEFT. A nominal fee is applicable for NEFT outward transactions conducted at a bank branch:

• Up to ₹10,000: ₹2.25 + GST per transaction
• ₹10,001 to ₹1 lakh: ₹4.75 + GST per transaction
• ₹1 lakh to less than ₹2 lakhs: ₹14.75 + GST per transaction
• Above ₹2 lakhs: ₹24.75 + GST per transaction

In addition, Canara Bank has waived all NEFT charges for savings account holders when transactions are initiated online via internet banking or the bank’s mobile applications. 

How to Make Transfers in NEFT?

Canara Bank offers online and offline NEFT transfer options, making it convenient for customers to transfer funds securely. Each method to transfer funds is listed below:

NEFT Payments from Canara Bank to Other Banks

Online Process

This is the most convenient and widely used method for NEFT transactions. Only Canara Bank savings account holders can use this service online. Here is how to proceed:

• Access the Canara Bank net banking portal or mobile application (CanMobile). Enter your user ID and password to log in.
• Go to the “Payments” section and click “Transfers” located on the left-hand menu.
• Under the “Transfers” tab, select “NEFT” from the displayed options. Click “Make New Payment” and choose the account for the transfer.
• Suppose the beneficiary (payee) has not already been added. In that case, you must register them by providing their name, account number, and IFSC code. If registered, select the beneficiary’s name; the details will auto-fill.
• Input the amount to be transferred and select “Indian Rupee” as the currency. Save this transaction as a template for future use.
• Double-check all the details and click “Save and Submit” to proceed.
• Enter your Transaction Password or One-Time Password (OTP) sent to your registered mobile number. Once confirmed, a reference number will be displayed for future reference.

Offline Process

For those who prefer in-person banking, NEFT transfers can be done offline by visiting a Canara Bank branch:

• Visit any NEFT-enabled Canara Bank branch.
• Please complete the NEFT form with your details and the beneficiary information (name, account number, IFSC code, etc.).
• The bank will process your request and provide an acknowledgement receipt.
• You will receive an acknowledgement SMS with your registered mobile number.

Transferring Funds from Canara Bank to Canara Bank

To transfer funds between two Canara Bank accounts, follow the same steps mentioned above. You can initiate the fund transfer using internet banking, mobile banking, or by visiting a Canara Bank branch. You must accurately enter the beneficiary name, account number, and IFSC code. Verify the entered details to ensure correctness and avoid transaction failures.

Limitations of Canara Bank NEFT Service

NEFT transactions are settled in batches throughout the day. This means that money transfers will take up to a few hours to be processed, unlike other payment methods such as RTGS (Real Time Gross Settlement). A transaction initiated after a designated settlement time will be processed in the next slot.

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

Paying your credit card bill through Canara Bank’s NEFT service is straightforward. Follow these steps to ensure a smooth transaction:

• Log in to your Canara Bank internet banking account. Enter your user ID and password to log in securely.
• Go to the “Payments” or “Transfers” section. You must add your credit card as a payee/beneficiary here.
• Add a new beneficiary by entering the IFSC code CNRB0001912 (Canara Bank Card Division). This IFSC is different from the savings account IFSC code.
• Enter the account number as the 16-digit Canara Bank credit card number for which the payment is being made.
• Specify the amount you wish to pay towards the credit card bill.
• Once the beneficiary is activated, initiate a new fund transfer transaction. Enter the amount paid toward the credit card bill, verify the details, and click “Submit” to complete the transaction.
• NEFT payments for credit card bills typically take 2 to 3 working days to reflect on your bank app.

Canara Bank NEFT Timing

NEFT online services are available 24×7 throughout the year, including weekends and holidays. For NEFT through a Canara Bank branch, the operational hours are 8 a.m. to 7 p.m. on weekdays and 8 a.m. to 1 p.m. on Saturdays. 

Things to Know About Canara NEFT and RTGS Transactions

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

• Non-account holders can use NEFT by visiting any participating NEFT bank branch. The bank limits such transactions to a maximum of ₹50,000 per transfer by cash.
• NEFT fund transfers can be conducted 24x7 through internet banking or mobile banking for Canara Bank account holders.
• 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.

Canara Bank NEFT Form

The Canara Bank NEFT/RTGS form includes the following sections:

• Date and PAN number fields for identification and verification purposes.
• Space to mention the transfer amount in both figures and words.
• Payment mode selection, allowing options such as cash, cheque, or account debit.
• Remitter’s details, including name, account number, cheque number (if applicable), address, and mobile number.
• Beneficiary’s details, including name, account number, bank name, IFSC code, and branch address.
• Additional section for sender-to-receiver instructions, if any.
• Terms and conditions outlining the bank’s policies for NEFT/RTGS transactions.
• Signature section for the primary applicant and joint applicants, if applicable.
• Bank acknowledgment section with reference number, date, time, and official bank seal upon submission.

Canara Bank NEFT Transaction Requirements

To successfully initiate an NEFT transaction through Canara Bank, 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, 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 authorization.
• Acknowledgment section with the bank seal, reference number, date, and time of request submission.

Final Word

Canara Bank’s NEFT facility provides a reliable way for customers to transfer money. Users can make the most of these convenient payment options in their everyday transactions by understanding the requirements, fees, and procedures associated with these services. With a commitment to being available 24/7 and user-friendly processes, Canara Bank strives to cater to a wide range of financial needs, ensuring that banking is smooth and convenient for everyone.

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