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Are there any limits on the amount I can transfer through NEFT?

Curious about NEFT (National Electronic Funds Transfer)

Are there any limits on the amount I can transfer through NEFT?

Yes, there are limits on the amount that can be transferred through NEFT. As per the current guidelines, there is no minimum or maximum limit for NEFT transactions. However, individual banks may set their own transaction limits based on various factors such as customer profile, transaction history, and other riskrelated parameters. Therefore, it is advisable to check with your bank for the specific transaction limits for NEFT transfers. Additionally, it is important to note that transactions above a certain threshold limit may require additional documentation and scrutiny.

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