NEFT Limit — What is the Maximum & Minimum for NEFT Transfer Limit Per Day?

Transferring funds from one bank account to another has never been easier. One of the most widely used systems in India is National Electronic Fund Transfer, commonly known as NEFT. However, many users still wonder about how much money can be moved in a single transaction, or within a day. This guide explains everything about NEFT transfer limits, both maximum and minimum, so you can make informed decisions about your money transfers. 

What is the NEFT Fund Transfer Limit?

The NEFT transfer limit refers to the range of minimum and maximum amount you can send via NEFT, either per transaction or per day, depending on the bank and type of account. Unlike some other systems such as RTGS or UPI, NEFT is more flexible when it comes to small to medium-size payments. While there is no set minimum amount required for transfer, the upper limit may vary depending on whether you are using internet banking or mobile banking, or visiting a bank branch in person. In most cases, your bank’s internal policies, account types, and Reserve Bank of India (RBI) regulations will determine the applicable transfer limit. 

NEFT Limit Per Day

There is no universal daily cap set by the RBI. Instead, the NEFT limit per day depends entirely on the one bank you use. Here’s how it usually breaks down: 

• Saving account holders. INR 2 lakh to INR 10 lakh per day, depending on the bank.
• Corporate or current account holders. Often enjoy higher limits. 
• NEFT via net banking. Usually comes with slightly lower daily limits.
• NEFT via branch. Banks may allow higher limits if done in person. 

The actual amount limit may be adjusted per RBI guidelines, especially in cases involving new payees, high-risk accounts, or fraud prevention policies. In most banks, there's a cooling period for newly added beneficiary accounts which can temporarily restrict the maximum amount.

NEFT Minimum Limit

Unlike RTGS, which requires a minimum of INR 2 lakh per transaction, NEFT fund transfer has no lower limit. You can initiate a transfer for INR 1 or more. This makes NEFT ideal for: 

• Small business payouts;
• Freelance payments;
• Utility bills;
• Government benefits.

Even though there’s no minimum, some issuing and acquiring banks may request a service fee for in-branch NEFTs of very small value, to encourage digital transactions . 

NEFT Maximum Limit

The maximum limit for NEFT transactions isn’t fixed across the system, it depends on: 

• Your bank;
• The channel (mobile/ online/ in-branch);
• Whether you’re a retail or corporate user.

These criteria directly adjust the transaction cost. Here’s an example:

If you’re planning to transfer funds above INR 10 lakh, you’ll need to look at RTGS or IMPS as alternatives. For a comparison between major methods, check our article on the difference between IMPS and NEFT. 

National Electronic Fund Transfer Limit by Top Banks in India

Let’s break down how the NEFT fund ceiling varies among leading institutions:
 

Banks in India may update these numbers depending on regulatory updates, risk monitoring, and customer category. 

Factors That Affect NEFT Transfer Limits

Several key elements influence how much money you can send via NEFT in a single day or per transaction: 

• Account type. Savings account usually has lower UPI limits than current or business accounts;
• Time of transaction. NEFT works 24/7 in batch mode, but some banks impose time-based caps;
• Banking method. Transfers via internet banking or mobile apps often come with different limits;
• New beneficiaries. You may be temporarily restricted to INR 50,000 per day;
• Security protocols. Banks follow fraud control rules set by RBI, sometimes reducing limits if suspicious activity is detected.
• Customer segment. Premium or priority customers may enjoy higher ceilings. 
• Transfer channel. In-person requests at bank branches may allow higher transfers with documentation.

Understanding these variables helps avoid delays and ensures smoother fund transfers. 

Final Thoughts

The NEFT Limit system offers both flexibility and security, especially for routine money movement. There’s no minimum threshold, making it great for small payments, and a reasonable upper limit that varies across institutions. While NEFT fund transfers are ideal for most use cases, large corporate users or those requiring instant high-value transfers may need to explore RTGS.

Always check your bank’s latest rules, especially if you’re planning a significant transfer or adding a new beneficiary. And remember, trying to bypass transfer limits through multiple fake accounts or apps may lead to security alerts or violations. Learn more about such risks of bypassing transfer limits.