NEFT is a very well-known money transfer channel in India. However, this is not the only channel of money transfer of funds transfer in our country. But people rely more on NEFT when it comes to transferring money which amounts more than Rs. 2,00,000.
Other than NEFT you can use IMPS, RTGS, and UPI as well to transfer your money. UPI does not support large amounts of money. But you can use it if you are transferring a little amount of money. Every bank has a different limit for the maximum UPI transfer the customers can make.
And if you want to use the NEFT channel of Canara Bank to transfer your money. Then you need to follow the instructions that are mentioned on this page. When you are using NEFT offline not only in Canara Bank in any other bank as well.
The first one is you have to go to the branch of the Canara Bank to complete the offline NEFT transfer. And the second thing that you have to keep in your mind is you will be charged for the money transfer you do offline from the branch of the bank.
But if you don’t want to pay the NEFT transfer charges then you can save it too. Wondering how? You can save it by performing the transfer using the digital channels of the Canara Bank. I am talking about digital channels like mobile banking and internet banking of the bank.
You can use the official website as well as the mobile banking application of the Canara Bank to make the transfer. But if you are using the mobile banking application then make sure you install it from Google Play Store of iTunes store only. Avoid using the third party applications which are published in the names of the bank.
How to Do NEFT Transfer Offline in Canara Bank?
I have already told you that you have to pay the NEFT Charges if you transfer the money offline. If you are ok with it then follow the instructions below to complete the transfer.
Get the NEFT Transfer Form
The first thing you have to do is get the Canara Bank NEFT transfer form. But I recommended you download it online from the official website of the bank. Or you can download it from any other website online.
Fill the Form
Once you have downloaded the NEFT application form, take a print out of it and fill it with all the details asked in the application form. You have to fill the details like the amount of money you wish to transfer. And the beneficiary details.
Check the Details
After completely filling the form you should not immediately submit it to the bank. First, you have to make sure that all the details you have filled are correct. If all the details you have filled are correct, then make your signature and you are all set to submit the form.
Submit the form to the Bank
After checking the details and signing it you have to submit the form to the counter at the Canara Bank branch. It is recommended that you go to the home branch where your account is based. Also, make sure that you the beneficiary to whom you are transferring the money is added prior to the NEFT transfer.
Let’s Wind Up
Before you proceed with the offline NEFT transfer make sure that you know how much you will be charged by the bank. You can check the NEFT transfer charges here and then go to the branch of Canara Bank.