Oriental Bank of Commerce (OBC) is one of the banks which provides the facility of fund transfer through NEFT in India. Customers can avail the NEFT service by filling the OBC NEFT Form. Account holders can avail OBC NEFT Form by visiting the nearest bank branch or online through mobile banking or internet banking services.
Note: Oriental Bank of Commerce has been merged with Punjab National Bank. To know more about NEFT Form provided by Punjab National Bank, click here.
How to fill OBC NEFT Form?
1. Offline
The procedure for filling NEFT form offline:
- Customers have to submit a request by filling up OBC NEFT form available in all the branches along with the cheque/debit instruction to the branch
- The customer should mention the beneficiary’s name and account number
- IFSC code (Indian Financial System Code) of the beneficiary is also required
2. Online
Account holders can even avail NEFT service online via mobile banking or net banking. The procedure for filling OBC NEFT form online:
- Fill in the name and account number of the beneficiary
- IFSC Code of the beneficiary
- Amount to be remitted
- Select NEFT as fund transfer mode
OBC NEFT Timings
NEFT operates in hourly batches, According to the Reserve Bank of India (RBI) there are twelve settlements starting from 8 am to 7 pm from Monday to Saturday (except second and fourth Saturday).
OBC NEFT Charges
For outward NEFT –
| NEFT Amount | OBC NEFT Charges |
| Up to Rs. 1 lakh | Nil |
| Above Rs. 1 lakh to Rs. 2 lakh | Rs. 10 (plus service tax) per transaction |
| Above Rs. 2 lakh | Rs. 25 (plus service tax) per transaction |
Note: There are no charges for inward NEFT.
OBC NEFT Limit
There is no maximum limit for making fund transfers using OBC NEFT facility. NEFT service is available for walk-in customers against cash payment up to Rs. 50,000.
Benefits of NEFT service
- One of the safest and most reliable options available
- Can be accessed through mobile banking and internet banking facilities