Do Follow WhatsApp Channel for updates https://whatsapp.com/channel/0029VaEu7cBLo4heXmDvOw0M
Post Office NEFT, RTGS, IPPB - Sweepin, Sweepout, NEFT, RTGS and IMPS Transactions limit
⚖️ Key Points
- RTGS is now available for POSB customers both at counters and via eBanking/mBanking.
- Counter RTGS allows up to ₹15 lakh per transaction, but charges a flat ₹25 + GST.
- Online RTGS is free of charge, capped at ₹10 lakh daily, with a minimum of ₹2 lakh per transaction.
- NEFT remains more flexible for smaller amounts, while RTGS is designed for high-value transfers.
| Method | Time Limit / Availability | Transaction Limit | Fee | Notes |
|---|---|---|---|---|
| NEFT (Counter) | During Post Office business hours | Min ₹1, Max ₹15,00,000 per transaction |
Up to ₹10,000 → ₹2.50 + GST ₹10,001–1,00,000 → ₹5 + GST ₹1,00,001–2,00,000 → ₹15 + GST Above ₹2,00,000 → ₹25 + GST |
IFSC: IPOS0000DOP |
| NEFT (eBanking / mBanking) | 24x7 (with fraud risk cap) |
Max ₹2,00,000 per transaction Max 5 transactions/day Daily limit ₹10,00,000 Between 8 PM–8 AM: ₹2,00,000 cap |
No charges | Requires active POSB account |
| RTGS (Counter) | During Post Office business hours | Min ₹2,00,000, Max ₹15,00,000 per transaction | ₹25 + GST (flat) | Available only at counters |
| RTGS (eBanking / mBanking) | 24x7 |
Min ₹2,00,000 per transaction Max 5 transactions/day Daily limit ₹10,00,000 |
No charges | Same IFSC: IPOS0000DOP |
| Method | Time Limit / Availability | Transaction Limit | Fee | Notes |
|---|---|---|---|---|
| NEFT | 24x7 (branch hours for counter) |
Min ₹1 Max ₹2,00,000 per transaction Daily limit ₹5,00,000 Max 10 transactions/day |
Up to ₹10,000 → ₹2.25 ₹10,001–1,00,000 → ₹4.75 ₹1,00,001–2,00,000 → ₹14.75 Above ₹2,00,000 → ₹24.75 (all + GST) |
Free via Mobile Banking (Savings A/c) |
| RTGS | 24x7 (branch hours for counter) |
Min ₹2,00,000 Max ₹5,00,000 per transaction Daily limit ₹10,00,000 Max 5 transactions/day |
₹24.50 (2–5 lakh) ₹49.50 (>5 lakh) |
Subject to balance availability |
| IMPS | 24x7 |
Min ₹5 Max ₹50,000 per transaction Daily limit ₹2,00,000 Max 10 transactions/day |
₹10–₹50 depending on slab | Assisted mode limits apply |
| UPI | 24x7 |
Min ₹1 Max ₹25,000 per transaction Daily limit ₹50,000 Max 20 transactions/day |
Free | Cooling period: ₹5,000 in first 24 hrs |
| Intra-bank (IPPB→IPPB) | 24x7 |
Max ₹2,00,000 per transaction Max 10/day |
Free | Across MB App, mATM, CBS |
⚖️ Key Takeaways
- POSB NEFT is limited to NEFT only, with higher transaction caps (₹15 lakh at counter) but restricted timings (Post Office hours).
- IPPB offers multiple channels (NEFT, RTGS, IMPS, UPI, intra-bank) with 24x7 availability, but transaction limits are lower compared to POSB.
- Fees: POSB charges at counters but is free via eBanking/mBanking. IPPB charges vary by method, though intra-bank and UPI are free.
NEFT/RTGS Facility for POSB Customers
POSB account holders can transfer and receive funds to and from other banks. NEFT/RTGS facility was introduced on 18 May 2022 via SB Order No. 8/2022.
Access channels
- Net Banking: Available for outward NEFT/RTGS.
- Mobile Banking: Available for outward NEFT/RTGS.
- Post Office counters: Service available during business hours.
Service charges (counter NEFT outward)
- Up to ₹10,000: ₹2.50 + applicable GST
- ₹10,001 – ₹1,00,000: ₹5 + applicable GST
- ₹1,00,001 – ₹2,00,000: ₹15 + applicable GST
- Above ₹2,00,000 up to ₹15,00,000: ₹25 + applicable GST
No charges for outward NEFT initiated via eBanking or mBanking.
Transaction limits
Counter NEFT
- Per transaction: ₹1 to ₹15,00,000
Online NEFT (eBanking/mBanking)
- Per transaction: Max ₹2,00,000
- Transactions per day: Max 5
- Daily limit: ₹10,00,000
- Time-based cap: From 8 PM to 8 AM, max ₹2,00,000 (fraud risk mitigation)
Operational guidelines
- Counter documentation: NEFT mandate form + SB-7/POSB cheque required.
- Outward return (N07i): Only transaction amount is reversed; service charges are not reversed.
- Failure at IPPB CBS/SFMS: Transaction amount and service charges are reversed.
- RBI rejection (N03): Transaction amount and service charges are reversed.
Grievance redressal
- Customer care: 1800 2666 868
- Website: Complaint Registration → Financial Services → Savings Bank → NEFT
- SAP-CRM: Register at any Post Office branch.
- Post Office end user: Log complaints under Savings Bank in SAP-CRM.
- UTR number: Mandatory for NEFT complaint registration.
- Nodal Office (operations): Bengaluru — postatm@indiapost.gov.in
Fund transfer to PPF/SSA
- No pending defaults: Clear previous years’ defaulted subscriptions at a CBS Post Office.
- Matured PPF: Submit extension form with passbook within one year from maturity.
- Amount format: Multiples of ₹50 only.
- Annual cap: Maximum ₹1,50,000 per financial year.
Additional notes
- Technical failure reversal: Amount is reversed within one working day.
- Passbook printing: IFSC code to be printed on the first page and title page of passbooks.
- References: SB Order No.8/2022, SB Order No.9/2023, and SB Order No.21/2022.
Keywords:
POSB NEFT RTGS facility
IPPB fund transfer options
India Post NEFT charges
POSB RTGS transaction limit
IPPB NEFT transaction fee
POSB IFSC code
IPOS0000DOP IFSC
NEFT via post office
RTGS via post office
POSB online banking
POSB NEFT charges
POSB RTGS charges
IPPB NEFT timings
IPPB RTGS timings
POSB NEFT limit
POSB RTGS limit
IPPB IMPS limit
IPPB UPI limit
IPPB intra-bank transfer
POSB mobile banking
POSB net banking NEFT
POSB mobile banking RTGS
IPPB mobile app fund transfer
India Post NEFT online
India Post RTGS online
POSB branch NEFT
POSB branch RTGS
IPPB branch timings
NEFT mandate form POSB
POSB cheque NEFT
NEFT fee POSB
RTGS fee POSB
NEFT fee IPPB
RTGS fee IPPB
NEFT transaction cap POSB
RTGS transaction cap POSB
NEFT transaction cap IPPB
RTGS transaction cap IPPB
UPI limit IPPB
IMPS fee IPPB
POSB NEFT grievance
IPPB NEFT complaint
India Post NEFT support
POSB NEFT reversal policy
IPPB NEFT reversal policy
NEFT UTR complaint India Post
SB Order NEFT RTGS
India Post IFSC passbook
POSB PPF NEFT transfer
SSA NEFT transfer POSB
Updates:
Follow us on WhatsApp, Telegram Channel, Twitter and Facebook for all latest updates
إرسال تعليق