NEFT on Binance
- Our rating
- 4.2
- Offered in
- 1 country
- Type
- Domestic bank rail
- Rail reviewed
- 2026-08-18
- Review updated
- 2026-08-12
Yes. Binance takes NEFT in India. NEFT runs round the clock on all days and settles in half hourly batches, with the beneficiary bank required to credit the account within two hours of the batch settling. By reach it is 23rd of the 38 rails on our record for Binance; Credit or debit card is offered in more countries.
What NEFT is
NEFT, National Electronic Funds Transfer, is a nationwide centralised payment system owned and operated by the Reserve Bank of India. It moves rupees between bank accounts using the beneficiary's account number and IFSC code, and unlike UPI it settles in batches rather than payment by payment. It is the usual fallback for an exchange deposit larger than a UPI transaction will carry.
- Speed
- NEFT runs round the clock on all days and settles in half hourly batches, with the beneficiary bank required to credit the account within two hours of the batch settling.
- Cost of the rail
- Banks may not charge savings account customers for NEFT initiated online, and the RBI caps other outward charges on a sliding scale topping out at 25 rupees plus GST above 200,000 rupees; inward transfers carry no charge.
- Limits
- The RBI sets no minimum or maximum for NEFT, though banks apply limits of their own, and a cash based NEFT by a walk in customer is capped at 50,000 rupees per transaction.
Where Binance offers NEFT
Each country opens the Binance page for that market, with its rank there and every rail it takes. The number is Binance's rank in that country's guide.
Asia (1)
IndiaWhat NEFT costs on Binance
SEPA and many local bank transfer methods are free or low cost; card deposits carry a processing fee.
Other ways to pay on Binance
37 other rails at least one country we rank Binance in uses, widest reach first.
- Credit or debit card181
- P2P trade131
- Local bank transfer90
- Wire transfer55
- Apple Pay33
- Google Pay33
- SEPA transfer32
- SEPA Instant20
- Bancontact1
- BLIK1
- CliQ1
- Elixir1
- EPS1
- Express Elixir1
- Fawri / Fawri+1
- FPS (Faster Payment System)1
- Furikomi bank transfer1
- IMPS1
- Instant EFT1
- Instant peso transfer (CBU/CVU)1
- Klarna1
- Multicaixa Express1
- Pago Móvil1
- PayID / Osko1
- PesaLink1
- Pix1
- PromptPay1
- PSE1
- QR payment1
- SINPE Móvil1
- Sofort1
- SPEI1
- TED1
- UPI1
- Elcart1
- Daviplata1
- Nequi1
Frequently asked questions
Does Binance accept NEFT?
Yes, in India. By reach it is 23rd of the 38 rails on our record for Binance; Credit or debit card is offered in more countries. Support is decided market by market, so the country pages linked here are the exact list.
In which countries can I use NEFT on Binance?
India, from our country guides reviewed between 2026-08-23 and 2026-08-23.
How long does a NEFT deposit take on Binance?
NEFT runs round the clock on all days and settles in half hourly batches, with the beneficiary bank required to credit the account within two hours of the batch settling. That describes the rail itself; Binance may hold a first deposit for longer while it verifies your account.
What does NEFT cost on Binance?
Banks may not charge savings account customers for NEFT initiated online, and the RBI caps other outward charges on a sliding scale topping out at 25 rupees plus GST above 200,000 rupees; inward transfers carry no charge. On Binance's side: SEPA and many local bank transfer methods are free or low cost; card deposits carry a processing fee.
Are there limits on NEFT deposits?
The RBI sets no minimum or maximum for NEFT, though banks apply limits of their own, and a cash based NEFT by a walk in customer is capped at 50,000 rupees per transaction. Any limit Binance applies on top is set per account tier and shown inside the platform.