Yes Bank NEFT Form 2023: National Electronic Funds Transfer (NEFT) facilitates seamless fund transfers and allows for credit card payments to any bank in India. This service enhances the ease of transactions, providing broader accessibility with fewer restrictions. For more details on the Yes Bank NEFT Form, refer to the information below.
इस पोस्ट में क्या है ?
- 1 Understanding NEFT: A Quick Guide
- 1.1 Eligibility for Yes Bank NEFT Facility
- 1.2 Benefits to Customers
- 1.3 Yes Bank NEFT Form
- 1.4 Transfer Limits: Minimum and Maximum Amounts
- 1.5 Yes Bank NEFT Charges
- 1.6 How to Send Payment via NEFT
- 1.7 What the customer must have for remittance
- 1.8 How to get the IFSC of the branch
- 1.9 When is the amount credited to the beneficiary account?
- 1.10 Cut off time for remittance through Yes Bank NEFT
- 1.11 What is the difference between RTGS and NEFT?
- 1.12 What are the Benefits of Yes Bank NEFT?
- 1.13 Can I stop NEFT Payment be initiated?
- 1.14 Important Instructions for Yes Bank NEFT
- 1.15 Yes Bank NEFT Form 2023 FAQ
Understanding NEFT: A Quick Guide
National Electronic Funds Transfer (NEFT) is a convenient service that empowers you to transfer funds from your YES BANK account to accounts in other banks, provided the beneficiary’s bank is part of the RBI National Electronic Funds Transfer (RBI-NEFT) scheme.
Eligibility for Yes Bank NEFT Facility
This service is available to customers holding Savings or Current Accounts at the branch. Additionally, walk-in customers can utilize NEFT for transactions below Rs. 50,000.
Benefits to Customers
- Facilitates instantaneous fund transfers to accounts in other bank branches.
- Nominal charges apply for this quick and efficient service.
Yes Bank NEFT Form
For further details and to access the Yes Bank NEFT Form, continue reading below.
Click Here to Download Yes Bank RTGS, NEFT Form
Transfer Limits: Minimum and Maximum Amounts
- Minimum: Rs.1
- Maximum: No Limit
Yes Bank NEFT Charges
Mode of Transaction | Charges |
Online modes (i.e. internet banking, Mobile app) | No Charges |
NEFT Payment Charges – Branch
Transaction Amount | Yes Bank NEFT Charges* |
---|---|
Upto Rs.10,000/- | Rs. 2.50 per transaction |
Upto Rs.1 lakh (10,001 upto 1 Lac) | Rs. 5.00 per transaction |
Above 1 lakh to 2 lakh | Rs. 15.00 per transaction |
Rs.2 lakh and above | Rs. 25.00 per transaction |
The charges do not include GST and other taxes if applicable.
NEFT Payment Charges – NetBanking/ Mobile Banking = Free
How to Send Payment via NEFT
There are two ways to send payment via NEFT, and one of them is NEFT via Online Internet Banking and the second is NEFT via Bank Branch.
NEFT via Bank Branch: If you want to make NEFT via offline mode, i.e., from Bank Branch, then you need to visit your nearest Yes Bank Branch and request an NEFT Form or Slip. Fill in all the required details asked in the NEFT Form and submit it to the cashier. Now, your bank branch will send payment to another person within 2 working hours.
NEFT Via Internet Banking: You may also send money via NEFT by using your Yes Bank Internet Banking Service. To use Internet banking, log in to the Yes Bank Website. Then, add a new beneficiary, and you’ll be able to make payment via NEFT. Online NEFT is enabled for all Yes Bank customers (Internet Banking) with full transaction rights.
- Login to YES BANK Retail NetBanking
- On the left-hand side navigation bar, click on “Other Bank Transfer – NEFT” under the Funds Transfer section.
- Fill in all details like transfer amount, destination account number, IFSC Code, beneficiary name & payment details. After these details are filled in correctly, a unique transaction confirmation number would be generated. This number is to be quoted for any query related to this particular transaction.
What the customer must have for remittance
- IFSC of the bank branch to which the remittance is to be made (IFSC is an 11-character code).
- Beneficiary account number, name, and address (to whom the remittance is intended).
- Approach the branch with the above details.
How to get the IFSC of the branch
Indian Financial System Code (IFSC) means a unique code of 11 digits of NEFT/RTGS enabled branches. Normally, this code will be printed on the cheque books or it may be obtained from the branch where the account is maintained. It is also available on the RBI website. In case the IFSC of the beneficiary bank is not known, the same can be obtained by selecting the bank and branch while registering the beneficiary.
- It is available on the cheque leaf supplied by the bank.
- Can also be obtained from the branch.
When is the amount credited to the beneficiary account?
YES BANK NEFT is open 24×7, 365 days. Transactions, once confirmed, will be immediately debited from the source account and taken up for processing. Transactions initiated before the cutoff time shall be processed on the same day. All transactions initiated outside the NEFT hours and on NEFT holidays will be processed (for onward transfer to the beneficiary bank) only on the next working day. Please ensure that there are sufficient funds in your account to process the transaction. In case you are retrying, please check the status of your previous transaction. Please note that once the amount is debited and processed from YES BANK, the credit into the beneficiary account is completely dependent on the destination bank.
Cut off time for remittance through Yes Bank NEFT
YES BANK NEFT request can be initiated anytime as it is open 24×7, 365 days.
Importance Account Number:
- Outward: While remitting the funds, the Account Number of the beneficiary is to be mentioned correctly in the voucher (to whom the remittance is intended).
- Inward: While seeking remittance from other bank customers, it is mandatory to quote your 15-Digit Finacle Account Number compulsorily.
What is the difference between RTGS and NEFT?
Both RTGS (Real Time Gross Settlement) and NEFT are facilitated by RBI for doing online funds transfer between various member banks. Effective 15th November 2010, as per RBI guidelines, RTGS (Real Time Gross Settlement) is available only for transactions of Rs.2,00,000/- and above. For any transaction below Rs.2,00,000/- NEFT should be used.
What are the Benefits of Yes Bank NEFT?
- Yes Bank NEFT is available to all – All Net banking (existing & new) users are eligible to utilize this online facility.
- Yes Bank NEFT Facility is simple, convenient, quick, and secure – Users can transfer funds to beneficiaries in other banks in a simple, convenient, and seamless manner. Funds transfer to other banks is faster, secure, and safe.
- Customers can use Yes Bank NEFT anytime, anywhere – Simple and easy to operate from home/office anytime, anywhere, save time and energy.
- Get more for less – Yes Bank NEFT costs less than conventional modes of remittance such as DD/MT.
Can I stop NEFT Payment be initiated?
No. Once the transaction is put through, payment cannot be stopped.
Important Instructions for Yes Bank NEFT
- The actual time taken to credit the account depends on the time taken by the Payee’s Bank to process the payment.
- The money will reach the Payee’s bank within the time stipulated by the Reserve Bank of India.
- General notes for Yes Bank NEFT:
- The funds transfer option is applicable for all beneficiary bank branches participating in the NEFT scheme.
- Ensure that the Beneficiary Details are correct before the execution of the transfer.
- Please note down the transaction reference number for any clarifications/communications with regards to NEFT transactions. This reference number should be used to follow up with the destination bank for credit into the recipient’s account.
- Please note that NEFT transactions are to be used only for transferring funds from YES BANK to other banks. For transferring funds to another YES BANK account, please use the Third Party Transfer option.
Yes Bank NEFT Form 2023 FAQ
National Electronic Funds Transfer (NEFT) is a facility that allows you to transfer money from your YES BANK account to an account in any other bank, subject to the beneficiary’s bank participating in the RBI National Electronic Funds Transfer (RBI – NEFT) scheme.
Customers of the branch where they have Savings/Current Accounts. Walking customers for amounts below Rs. 50,000.
Customers can remit funds to the account of another bank branch, and the funds are transferred instantaneously at nominal charges.
Aadhar card
Residence proof
Income proof
Education proof
Age proof
Caste certificate
Candidate’s photograph
Candidate’s signature
Upto Rs. 10,000: Rs. 2.50 per transaction
Upto Rs. 1 lakh (10,001 upto 1 Lac): Rs.