Andhra Bank
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Toll Free Number: 1800 425 1515

Call 040-23122297 for Internet & Mobile Banking/ATM -24x7 Helpdesk or mail to us on adchelpdesk@andhrabank.co.in

Anytimers
 
National Electronic Funds Transfer
 
 National Electronic Funds Transfer


National Electronic Funds Transfer (NEFT - On line Funds Transfer to other banks) Called AB Xpress

 
What is NEFT?


National Electronic Funds Transfer (NEFT) is a funds transfer mechanism where transfer of money takes place from one bank to another on the same day . In other words, this is an electronic payment processing environment wherein transactions are settled as soon as they are processed.

 
  Who can avail this facility


Customers of the branch where they are having Savings/Current Accounts

Walking customers for below Rs. 50,000. 
 
  In what way it is beneficial to the Customers


Customer can remit funds to the account of another bank branch
The funds are transferred instantaneously at nominal charges

 
  Min Amount for Transfer


Rs.1

 
 Max Amount for Transfer


No Limit

 
 Charges
  
 Inward Transaction  Free

Outward Transaction Slab Charges not exceeding
Upto Rs.10,000/- Rs. 2.50 per transaction
Upto Rs.1 lakh 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
 
 What the customer must have for remittance


IFSC of the bank branch to which the remittance to be made (IFSC is 11 characters code)
Beneficiary account number, Name and Address (to whom the remittance is intended to )
Approach the branch with the above details

 
 How to get the IFSC of the branch
  • It is available on the cheque leaf supplied by the bank
  • Can also get from the branch
 
 What is the time frame for reaching the funds at the other end


Within 2 hrs of remittance on the same day

 
Cut off time for remittance through NEFT


Monday to Saturday :  08:00 hrs to 19:00 hrs

NEFT works on all days except on 2nd & 4th Saturday of the month, Sundays and National Holidays

 
Importance Account Number


Outward :
While remitting the funds, Account Number of the beneficiary is to be mentioned correctly in the voucher (to whom the remittance is intended to ).
Inward : While seeking remittance from other bank Customers it is mandatory to quote your 15 Digit Finacle Account Number compulsorily.

 
Helpline


For further details and redressal of NEFT complaints, please contact at following address:
Andhra Bank, Service Centre,
11, Homi Modi Street, Bansilal Building
Fort, MUMBAI 400 001
Phone : 022-22610228/22610106
email: neftcell@andhrabank.co.in

 
Click here for NEFT enabled branches

Click here for NEFT Customer Facilitation Centers for rederessal of NEFT Complaints

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