NEFT on WazirX
- Our rating
- 2.8
- Status
- Caution
- Offered in
- 1 country
- Type
- Domestic bank rail
- Rail reviewed
- 2026-08-18
- Review updated
- 2026-08-23
Know before you deposit
Yes. WazirX 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 WazirX; 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 WazirX offers NEFT
Each country opens the WazirX page for that market, with its rank there and every rail it takes. The number is WazirX's rank in that country's guide.
Asia (1)
IndiaWhat NEFT costs on WazirX
Rupee deposits over UPI, IMPS, NEFT and RTGS are largely free.
Other ways to pay on WazirX
2 other rails at least one country we rank WazirX in uses, widest reach first.
Frequently asked questions
Does WazirX accept NEFT?
Yes, in India. By reach it is second of the 3 rails on our record for WazirX; 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 WazirX?
India, from our country guides reviewed between 2026-08-23 and 2026-08-23.
How long does a NEFT deposit take on WazirX?
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; WazirX may hold a first deposit for longer while it verifies your account.
What does NEFT cost on WazirX?
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 WazirX's side: Rupee deposits over UPI, IMPS, NEFT and RTGS are largely free.
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 WazirX applies on top is set per account tier and shown inside the platform.