Indian Overseas Bank (IOB) NEFT/RTGS/IMPS Charges & Timings

Most people utilize one or the other online money transfer method. The comfort of transferring cash online helps a person in making most out of the modern innovation based banking services. Indian Overseas Bank (IOB) offers different fund transfer choices, including National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS) and Immediate Payment Service (IMPS), and so on. In view of the estimation of the transaction, the speed of exchange, service accessibility, and different elements, each of the exchange will give various types of highlights and flexibility. In spite of the fact that each of them has their own particular advantages and disadvantages, they give adaptability and comfort to the clients.

Notwithstanding, numerous clients confine themselves from utilizing the services as the bank charges them an expenses for benefiting the facility. Here, we investigate the way the bank charges:


NEFT is a simple, bother free and solid method of sending money from one bank account to another.

Transaction amount Transaction fee
Upto Rs 5,000 Rs. 25
Rs. 5,000 to Rs. 10,000 Rs. 60
Rs. 10,000 to Rs 1 lakh Rs. 5 per Rs 1000
Above Rs. 2 lakh Rs. 4.5 per Rs 1000

NEFT services won’t be accessible on bank holidays. Additionally, please note that second and fourth Saturdays of the month is a holiday.

Monday to Friday timings are 9.00 am to 7.00 pm

Saturday timings are 9.00 am to 1.00 pm


RTGS is where the handling of funds transfer directions happens progressively.

Monday to Friday upto 4.30 pm

Saturday upto 1.30 pm


IMPS is one of the speediest and simplest method to transfer funds from one account to another. Funds are instantly transferred in IMPS exchanges regardless of bank holidays and timings. IMPS fund transfer is free of cost.

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