IndusInd Bank Limited · statement narration
NEFT CHG
A charge on an outward NEFT transfer. Under RBI rules NEFT sent through internet or mobile banking on a savings account carries no charge.
In plain English
A charge on an outward NEFT transfer. Under RBI rules NEFT sent through internet or mobile banking on a savings account carries no charge.
Also printed as NEFT CHARGES, NEFT COMM, NEFT OUTWARD CHG, NEFT TXN CHG.
Hinglish mein
NEFT transfer par lagne wala charge. RBI ke niyam ke hisaab se internet ya mobile banking se kiya NEFT savings account par free hai.
What it costs, including GST
Indus Delite Savings Account · Branch
NEFT branch transaction amount slab
| Rate | Bank’s figure | With 18% GST |
|---|---|---|
| Up to Rs 50,000 | ₹0 | — |
| Above Rs 50,000 to Rs 1 lakh | ₹4 | ₹4.72 |
| Above Rs 1 lakh to Rs 2 lakh | ₹14 | ₹16.52 |
| Above Rs 2 lakh | ₹24 | ₹28.32 |
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Indus Delite Savings Account; NEFT outward initiated at branch. Current schedule separately states Net Banking/Mobile Banking NEFT has no charge.
Indus Delite Savings Account · Other
₹0
There is nothing to tax — this rule publishes no charge.
Applies when: Indus Delite Savings Account. 'Other' groups only the two source-named digital channels: Net Banking and Mobile Banking.
Why it happened
An outward NEFT transfer was made, usually at a branch counter rather than through digital banking.
How to avoid it
Send NEFT through your bank's internet or mobile banking app instead of the branch.