Neft Timings in PNB – Neft Limit & Charges

The banking system is possibly one of the most prominent sectors in the country when it comes to utility. The system has also been long helping customers enhance their user experience.

Today, we would be discussing one such service from the banks that help users enjoy the experience, NEFT. We would be sharing all that you would be needing to go through an NEFT transaction in PNB.

What is NEFT?

NEFT stands for National Electronic Funds Transfer. Thus, as the name suggests, NEFT is the process of nationwide transfer of funds from one account holder to another account holder. This can also take place between two accounts of a separate branch or even separate banks as a whole.

NEFT Timings In PNB

This is an important part of NEFT, The timings. One has to keep in mind that one cannot do any NEFT throughout the day even if one tries that through their internet banking.

NEFT for PNB is available between 8 am in the morning to 7 pm in the evening on weekdays. On Saturday, the bank avails of NEFT services from 8 am to 1 pm.

Important: If one does NEFT after or before the allotted hours, the transaction would be withheld until the NEFT working hour comes into effect the next effective day. Thus, make sure that you take care of the time when working with NEFT of PNB bank.

Days NEFT Timings
Monday to Friday 8 am to 7 pm
Saturday 8 am to 1 pm

Neft Timings in PNB

Limits On NEFT Transactions In PNB

Well, when it comes to Punjab National Bank, there is no lower limit for NEFT. However, the highest limit is set at Rs 500 lakhs. For most users that would act as unlimited.

For Retail Internet Banking User – Rs.2 lac as Maximum amount limit per transaction within the overall per day funds transfer limit of Rs.15 lac.

For Corporate Internet Banking User – no maximum amount limit per transaction

Minimum Limit Maximum Limit Retail Internet banking Limit Corporate Internet Banking Limit
No Limit Rs. 500 lacs 2 lac per transaction and overall 15 lac per day  No Limit

What are the charges for NEFT?

For inward transactions, the fees would be Rs 0.00. However, when one is doing an NEFT, the fees would be as follows:

For any amount within Rs 10,000, the charges would be Rs 2.00+ GST.
For any amount within Rs 10,000 to 1,00,000 the charges would be Rs 4.00+ GST.
For any amount within Rs 1,00,000 to 2,00,000 the charges would be Rs 12.00+ GST.
For any amount above Rs 2,00,000, the charges would be Rs 20.00+ GST.

Amount NEFT Charges (From Branch) NEFT Charges ( IBS/MBS User)
Upto Rs. 10000 Rs. 2.00 + GST NIL
Rs. 10000 to Rs. 1 Lac Rs. 4.00 + GST NIL
Rs. 1 Lac to 2 Lacs Rs. 12.00 + GST NIL
Above 2 Lacs Rs. 20.00 + GST NIL

Can I do NEFT from any PNB branch?

For now, out of the approximately 80,000 branches that the company has across the nation, a little over 70,000 have NEFT facilities. Thus you would mostly have NEFT enabled, but still, you should check out if your bank supports it.

Updated: 11 Jan, 2022

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