NEFT on CoinSwitch
- Our rating
- 3.9
- Offered in
- 1 country
- Type
- Domestic bank rail
- Rail reviewed
- 2026-08-18
- Review updated
- 2026-08-23
Yes. CoinSwitch 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 second of the 3 rails on our record for CoinSwitch; IMPS 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 CoinSwitch offers NEFT
Each country opens the CoinSwitch page for that market, with its rank there and every rail it takes. The number is CoinSwitch's rank in that country's guide.
Asia (1)
IndiaWhat NEFT costs on CoinSwitch
UPI deposits are free, as are standard rupee bank transfers.
Other ways to pay on CoinSwitch
2 other rails at least one country we rank CoinSwitch in uses, widest reach first.
Frequently asked questions
Does CoinSwitch accept NEFT?
Yes, in India. By reach it is second of the 3 rails on our record for CoinSwitch; IMPS 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 CoinSwitch?
India, from our country guides reviewed between 2026-08-23 and 2026-08-23.
How long does a NEFT deposit take on CoinSwitch?
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; CoinSwitch may hold a first deposit for longer while it verifies your account.
What does NEFT cost on CoinSwitch?
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 CoinSwitch's side: UPI deposits are free, as are standard rupee bank transfers.
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 CoinSwitch applies on top is set per account tier and shown inside the platform.