Indian Bank NEFT Form – Complete Guide & How to Fill

Key Takeaways
 

1. You can easily fill out or download the Indian Bank NEFT form online to transfer money securely across India.
    
2. Online NEFT transfers are free and available 24/7, while branch NEFT follows specific working hours.
    
3. Always double-check the account details and IFSC code before submitting the form to avoid transaction delays.
    

The Indian Bank NEFT form is a simple document that helps customers transfer money safely from one bank account to another within India. It records details like the sender’s and receiver’s names, account numbers, and IFSC codes.

For example, I once needed to send ₹25,000 to my daughter’s account in Delhi. I filled out the Indian Bank NEFT form, entered the correct details, signed it, and submitted it at my branch. The amount was credited the same day.

In this blog, we’ll explain how to fill the Indian Bank NEFT form, its requirements, charges, and timings in detail.

What is the Indian Bank NEFT Form?

The Indian Bank NEFT form is a paper application that customers use to request a National Electronic Funds Transfer (NEFT) at an Indian Bank branch. It allows you to transfer money electronically within India safely and quickly. 

The Indian Bank NEFT form includes sections for the sender’s and receiver’s details, the amount to be transferred, and other necessary transaction information.

How to Download the Indian Bank NEFT Form?

You can easily download the Indian Bank NEFT form PDF from the official Indian Bank website. The form allows you to make secure fund transfers between bank accounts across India.

For instance, Meera wanted to send money to her friend in Chennai. She visited the bank’s website, downloaded the Indian Bank NEFT form PDF, filled in all the required details, and submitted it at her nearest branch. The process was quick and convenient.

Click https://taxheal.com/wp-content/uploads/2018/06/indian-bank-rtgs_NEFT_Form.pdf to download the form and follow the simple steps to complete your NEFT transaction smoothly.

How to Fill Indian Bank NEFT Form (step-by-step Guide)?

If you need to make a funds transfer using NEFT at Indian Bank, this guide shows how to fill the Indian Bank NEFT form in a clear and structured way.

Steps: How to fill the Indian Bank NEFT form
 

1. Obtain the correct form: Ask at the counter for the NEFT/RTGS form. This is the first step on how to fill the Indian Bank NEFT form.
2. Date and branch code: Write the date on which you are filling the form and note the branch code of Indian Bank at the top.
3. Your account details: Enter your account number, account name (exactly as in bank records), and select the account type. This is part of how to fill the Indian Bank NEFT form.
4. Beneficiary’s name: Write the full name of the person or organisation receiving the funds.
5. Beneficiary’s bank and branch: Fill in the name of the beneficiary’s bank, branch name, branch IFSC code, and branch address.
6. Beneficiary’s account number: Carefully enter the beneficiary’s account number.
7. Amount to be transferred: Write the amount you wish to transfer in figures and words.
8. Purpose of transaction: Select or write the reason for the transfer (such as “payment for services”, “gift”, etc.).
9. Mode of transfer and charges: Tick NEFT, and note whether the charges will be borne by you or the beneficiary (if applicable).
10. Your signature: At the bottom of the form, sign exactly as your bank account signature appears in bank records.
11. Submit the form: Hand over the completed form to the bank clerk at the counter and retain the receipt slip.

By following these instructions on how to fill the Indian Bank NEFT form step by step, you’ll ensure your transfer request goes through smoothly. Always review the details carefully before submission and keep your receipt for future reference.

Required Documents for the Indian Bank NEFT Form

When you plan to make a fund transfer, you must keep certain details and documents ready. Whether you are using the physical form or the Indian Bank NEFT form online, providing accurate information helps ensure a smooth and error-free transaction.

1. Remitter (Sender) Details:

You will need to provide the following information about yourself while filling the Indian Bank NEFT form online or at a branch:

• Your name and address
• Your account number
• PAN number (if applicable)
• Cheque number and date (if payment is made through cheque)
• Your mobile or contact number

Correct remitter details help Indian Bank verify your identity and process the NEFT transaction without errors or delays.

2. Beneficiary (Receiver) Details:

The bank also requires complete information about the person or organisation you wish to send money to. While filling the Indian Bank NEFT form online, make sure to include:

• Beneficiary’s full name
• Beneficiary’s account number
• Beneficiary’s bank name
• Beneficiary’s bank’s IFSC (Indian Financial System Code)
• Beneficiary’s branch address
• Account type (such as savings or current)

Accurate beneficiary details ensure the NEFT amount reaches the intended bank account safely and without any transaction failure.

3. Other Required Information:

Along with the above details, you must also:

• Mention the amount to be remitted clearly in figures and words
• Provide your signature (if using the paper form) to authorise the transaction

Always double-check every field before submitting the Indian Bank NEFT form online or offline. Accurate details help your transaction get processed quickly and prevent any delays or rejections.

Bonus Tip: Taxpayers making Advance Tax payments through NEFT, RTGS, or Over the Counter (OTC) must first generate a Mandate or Challan form using the e-Pay Tax facility available on the Income Tax Department’s e-filing portal before completing the payment.

Indian Bank NEFT Charges

Indian Bank does not charge any fee for online NEFT transactions made through mobile banking or internet banking. However, if you carry out an NEFT transaction at a branch, the bank applies small service charges depending on the amount you transfer. These charges are exclusive of GST.

Always check the latest charge list before initiating your transfer, as Indian Bank NEFT charges may change from time to time.

Indian Bank NEFT Timings

Indian Bank provides flexible NEFT services for both online and branch users. Here’s a clear breakdown of the timings:

• Online NEFT Transactions:
  • Available 24/7, 365 days a year.
  • You can transfer funds anytime through internet banking or mobile banking, as per RBI guidelines.
• Branch NEFT Transactions:
  • Monday to Friday: 8:00 AM to 7:00 PM
  • 1st, 3rd, and 5th Saturdays: 8:00 AM to 1:00 PM
  • 2nd and 4th Saturdays, Sundays, and Bank Holidays: Not available in branches
• Important Note:
  • Online NEFT runs round the clock, but branch NEFT follows working-day timings.
  • Plan your visit in advance if you prefer making payments at the branch.

Indian Bank ensures smooth and flexible NEFT services for all customers. You can make transfers anytime through online banking, while branch NEFT services remain available during working hours, giving you the convenience to choose the option that suits you best.

Conclusion

The Indian Bank NEFT form is a simple and reliable way to transfer funds securely within India. Whether you fill it out at a branch or use the Indian Bank NEFT form online, providing accurate details ensures your money reaches the right account without delay. 

Always double-check all information before submission to make your transaction smooth and hassle-free.

FAQs

1. What should I do if my NEFT transfer fails after submitting the Indian Bank NEFT form?
You should contact your Indian Bank branch with the receipt. Failed NEFT amounts are usually reversed to the sender’s account within two working days.

2. How long does an NEFT transfer take after submitting the form at a branch?
Branch NEFT transfers are usually processed on the same working day, depending on the time of submission and batch processing.

3. Can I cancel an NEFT transaction submitted through the Indian Bank NEFT form?
Once the form is submitted and processed, the NEFT transaction cannot be cancelled. You should verify all details carefully before submission.

4. Is PAN mandatory for filling the Indian Bank NEFT form?
PAN is required only for higher-value transactions or when mandated by bank or tax regulations. Small-value transfers usually do not require a PAN.

5. What happens if I enter the wrong IFSC code on the NEFT form?
An incorrect IFSC may cause transaction failure or delay. In such cases, the amount is generally credited back to your account after verification.

6. Can I submit the Indian Bank NEFT form on behalf of someone else?
Yes, you can submit the form on behalf of the account holder, but the account holder’s signature must match bank records.

7. Is a cheque compulsory when submitting the Indian Bank NEFT form at a branch?
No, a cheque is not compulsory. You can authorise the transfer by signing the NEFT form if a sufficient balance is available in your account.
 

Apply for Loans Fast and Hassle-Free

Apply Now

About the Author

LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.