HDFC Bank charges Rs5.52 per NEFT Transaction

National Electronic Funds Transfer (E-Monies NEFT) system is a nation wide funds transfer system to facilitate transfer of funds from any bank branch to any other bank branch. Most of the Morden banks offer this service free ( like ICICI Bank). But HDFC Bank said that effective 10th May 09, eMonies National Electronic Funds Transfer through Netbanking will be charged at Rs 5 (plus taxes) per transaction.

Update :

HDFC Bank withdraws the NEFT charges from 1.07.2009

Effective 1st July '09, eMonies National Electronic Funds Transfer will be FREE for all HDFC Bank customers.

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