Indian Overseas Bank · 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
IOB Salary Account — Diamond / Platinum · General
₹0
There is nothing to tax — this rule publishes no charge.
Applies when: Indian Overseas Bank Salary Account — Diamond or Platinum sub-scheme only; Gold is excluded because the official table says applicable charges.
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.