Federal bank one of the largest private bank in India does levy fund transfer charges if you are transferring money from your Federal bank account to other using any NEFT, RTGS, IMPS, UPI Modes. Lets see below the Money Transfer Charges, Transaction Limit for transferring money from Federal bank and Timings for transferring amount.
Federal Bank Money Transfer Charges
Federal Bank Money Transfer charges are based on the transfer mode you make.
Federal Bank NEFT Charges
All the Customer inward transactions to the Federal Bank account is free, bank doesn’t charge money for any NEFT inward transactions.
For outward transactions if the transfer amount is less than Rs 10,000 then Rs 2 per NEFT transaction is charged, if between Rs 10,001 to Rs 1,00,000 then Rs 4 per transaction, if under Rs 2,00,000 then Rs 14 per transaction and for NEFT transaction greater than Rs 2,00,001 Rs 20 per transaction is levied.
NEFT payment can be done 24*7, 365 days and the settlement is done as per RBI batches.
Federal Bank IMPS Charges
Using Federal Bank IMPS mode you can transfer funds instantly
If the Transaction Amount is Less than Rs 1000 then it is free of charge.
If the Transaction Amount is above Rs 1000 and less than Rs 1,00,000 then Federal bank charges Rs 5 will be charged.
If the Transaction Amount is greater than Rs 1,00,000 then Rs 10 will be charged.
Federal Bank RTGS Charges
Federal Bank RTGS transfer is only for High-value transactions where the Amount must be greater than Rs 2 Lakhs
For transaction amounts between Rs 2 Lakhs to Rs 5 Lakhs, Rs 20.00 per transaction is charged.
For amount above Rs 5 lakhs, Rs 45.00 per transaction is levied.
Federal Bank UPI Charges
Federal Bank UPI fund transfer is done instantly, and Federal bank UPI Maximum Limit is Rs 1 Lakh.
No charges for transferring via UPI mode.