National Electronic Funds Transfer (NEFT - On line Funds Transfer to other banks)  Called AB Xpress

National Electronic Funds Transfer (NEFT) is a funds transfer mechanism where transfer of money takes place from one bank to another on the same day . In other words, this is an electronic payment processing environment wherein transactions are settled as soon as they are processed.

Only customers of the branch where they are having Savings/Current Accounts

Customer can remit funds to the account of another bank branch
The funds are transferred instantaneously at nominal charges

Rs.1

No Limit

IFSC of the bank branch to which the remittance to be made (IFSC is 11 characters code)
Beneficiary account number, Name and Address (to whom the remittance is intended to )
Approach the branch with the above details

• It is available on the cheque leaf supplied by the bank
• Can also get from the branch

Within 2 hrs of remittance on the same day

Monday to Friday :  0900 hrs to 1845 hrs
Saturday               :  0900 hrs to 1245 hrs
NEFT works on all days except on Sundays and National Holidays

Outward :While remitting the funds, Account Number of the beneficiary is to be mentioned correctly in the voucher (to whom the remittance is intended to ).
Inward : While seeking remittance from other bank Customers it is mandatory to quote your 15 Digit Finacle Account Number compulsorily.

For further details and redressal of NEFT complaints, please contact at following address:
Andhra Bank, Service Centre,
11, Homi Modi Street, Bansilal Building
Fort, MUMBAI 400 001
Phone : 022-22610228/22610106
email: neftcell@andhrabank.co.in

Click here for NEFT Customer Facilitation Centers for rederessal of NEFT Complaints