POSB NEFT & RTGS Facility in Post Offices: IFSC Code, Transaction Limits, Charges, and Online Banking Guide

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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.

Post Office Savings Bank (POSB) – NEFT & RTGS Facility

Reference : https://www.potoolsblog.in/2022/07/limits-for-neftrtgs-transactions-at.html#gsc.tab=0

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

India Post Payments Bank (IPPB) – Fund Transfer Options

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.

IFSC: IPOS0000DOP Net Banking Mobile Banking Post Office Counter

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.

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