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Priyansh was in Chennai. His sister urgently required ₹50,000 for hostel fees, who was studying in Delhi. He chose to use the Indian Overseas Bank NEFT Form rather than get stressed out. He downloaded the form from the internet, carefully filled it out, and submitted it at the closest branch. The money was securely credited to her account in a matter of hours.
You can safely move money from your IOB account to any other bank account that uses the NEFT system by using the Indian Overseas Bank NEFT Form. Let’s walk through every step of Priyansh's journey, from downloading the form to completing the transaction.
Priyansh sits at his laptop and downloads the Indian Overseas Bank NEFT form from the bank’s website. Here are the steps he followed:
Print or fill, sign it, and submit the Indian Overseas Bank NEFT Form at your nearest branch.
Priyansh starts filling IOB NEFT application form and checking every detail after downloading the form from the website. Here are the sections you need to fill out carefully:
Fill every detail in capital letters for clarity and understanding. Verify the IFSC code and account numbers. Keep the acknowledgment slip at the end of the form to be kept with the remitter.
Here are the documents you need to check for filling the Indian Overseas Bank NEFT Form:
Priyansh ensured that he carried all the documents along with the form to his nearest Indian Overseas Bank branch.
Priyansh looked at the NEFT charges at the bank before submitting his Indian Overseas Bank NEFT form. These are the charges you need to pay:
*T&C Apply
₹10,001 – ₹1,00,000
Priyansh also got to know that online transfers are completely free and have no charges.
Priyansh was submitting his form at 11 AM. His timing was absolutely correct as the branch processes NEFT throughout the working days.
Branch NEFT form acceptance and cut-off time may vary by location. Customers should confirm the exact NEFT submission time with their local Indian Overseas Bank branch. Online NEFT is available 24×7 as per RBI guidelines.
Priyansh gets a call from his sister in the same afternoon and confirms the amount has been credited. A simple NEFT transfer by visiting the bank solved a problem within a few hours.
You can also complete your NEFT transfer through the Indian Overseas Bank by following the simple steps. The transfers made by NEFT remain a secure fund transfer option for keeping the official record of the payments.
How can I track my NEFT transaction status in the Indian Overseas Bank?
You can check the transaction status through net banking or the mobile App. You can also visit the branch with your acknowledgment slip.
Can I cancel an NEFT transfer after submitting the Indian Overseas Bank NEFT form?
No. The transfer cannot be cancelled or reversed after the NEFT request is processed.
What happens if I enter the wrong IFSC code in the Indian Overseas Bank NEFT Form?
The transaction will fail, and the amount will be refunded to your account within 2 working days.
Can I do NEFT from an IOB Current Account?
Yes. Indian Overseas Bank allows NEFT transfers from current accounts, subject to the account’s operating limits and branch verification rules.
Is NEFT transfer through the Indian Overseas Bank secure?
NEFT transactions are processed under the RBI’s regulated payment framework, which follows strict security and monitoring standards to protect customer funds.
