Bank of India (BOI) NEFT

Bank of India allows customers to transfer funds through NEFT based on daily transfer limits set by the bank. These limits may vary based on the account type and the method of transfer (Net Banking, Mobile Banking, or Branch Transfer).

Note: For first-time beneficiary transfers, BOI may set a cooling period of up to 24 hours with lower limits.

Bank of India NEFT Timing

BOI NEFT Fees & Charges

Process to Transfer Money using BOI NEFT

Step 1: Visit the BOI website and click on the 'Retail' option that falls under the internet banking tab

Step 2: Once the browser connects to the 'Star Connect' page, key in your user ID and the password using the virtual keyboard

Step 3: Proceed to click 'Submit' and then choose the 'Transfer' tab from the menu

Step 4: Now choose 'NEFT Payment'. Please note here that in order to choose this step, you will have have to first register the beneficiary

Step 5: Add beneficiary details like name, amount to be transferred, remarks, if any, and choose the account from which the money has be to debited

Step 6: Verify all details and click 'Pay' and authorise the transaction by submitting user ID and password. Click 'Pay' again

Step 7: A confirmation message will be displayed on screen.

Process to Pay Credit Card Bill through BOI NEFT

1. Step 1: All users will have to log in to BOI internet/net banking account by providing the valid credentials
2. Step 2: The next step is to add the credit card as a payee/beneficiary using the 'Third Party Fund Transfer' option
3. Step 3: To add credit card as a payee, enter all details as you would to add a normal beneficiary. The details should be filled using the below format:

1. Step 4: It will take some time for the beneficiary to be activated. Once this is done, money can be sent through NEFT following the regular fund transfer process
2. Step 5: It will take around 48 hours for the payment to reflect in the bank account and credit card account. A confirmation message will nevertheless be received

How to add Beneficiary/Payee using BOI Internet Banking

1. Step 1: Log in to BOI net banking by entering all the required credentials
2. Step 2: Choose the type of fund transfer transaction and click on 'Add Beneficiary'
3. Step 3: Fill in the information as represented by the table below

Step 4: Once you enter all these details, you will have to re-enter the beneficiary account number, verify details and click 'Add Beneficiary'

Step 5: The next step is to authenticate the transaction by entering account credentials such as username and password

Step 6: A code will be sent to your registered phone number, make sure you key this in and submit

Step 7: It will take at least 1 day for the beneficiary to be activated. No fund transfers can be initiated unless the payee has been activated

What to Do if BOI NEFT Transaction Fails

If your NEFT transaction through Bank of India fails, follow these steps:

• Wait for Auto Reversal – Funds are generally credited back within 1 working day.
• Check Account Balance – To confirm if the deduction was reversed.
• Contact BOI Customer Care – Use the reference number for quick resolution.
• Email BOI Support – If the issue is not resolved, escalate via written complaint.

For unresolved cases, you can lodge a complaint with the Banking Ombudsman through the RBI portal.

Benefits of BOI NEFT Services

The benefits of BOB NEFT services are as listed below: 

1. Convenient Access: All Bank of Baroda customers can easily access NEFT services through their internet banking login. 

2. Online Transactions: NEFT transactions can be handled and completed online, removing the need to visit a Bank of Baroda branch. This allows customers to send money from any location with ease. 

3. Affordable Charges: NEFT fees and charges at Bank of Baroda are reasonable and competitive. For detailed information on specific charges and fees, refer to the 'Bank of Baroda NEFT Fees and Charges' table. 

4. Secure and Reliable: NEFT is one of the most secure and convenient methods for transferring payments between accounts. It is a highly dependable approach, achievable with just a click online.