NEFT
India’s National Electronic Funds Transfer batch rail settled hourly.
NEFT is a same day payment rail routed by KeyBS Pay. India’s National Electronic Funds Transfer batch rail settled hourly.
Payouts routed through NEFT settle to beneficiary accounts in IN. Where NEFT is available for the destination country, it is the default rail for eligible payouts.
Every NEFT payout is subject to KYB, KYC and sanctions screening. Pricing is disclosed in full before approval; failed payouts return a signed webhook event with a machine-readable reason code and remain refundable per program policy.
Corridor mechanics at a glance
Every KeyBS Pay payout follows the same operational contract; only the rail changes.
How a NEFT payout moves through KeyBS Pay
NEFT settles in same day on eligible INR destinations.
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Countries reachable via NEFT
NEFT by industry
NEFT developer resources
Frequently asked questions
What is NEFT?
India’s National Electronic Funds Transfer batch rail settled hourly.
How fast is NEFT?
Same day. Actual settlement time is disclosed pre-approval and confirmed by signed webhook once the beneficiary bank acknowledges the credit.
Which countries can I reach through NEFT?
IN. Availability is beneficiary-bank-dependent; the router falls back to wire if the beneficiary bank is not on NEFT.
What currencies are supported on NEFT?
INR is the primary settlement currency for NEFT. Multi-currency corridors are supported where the rail permits.
What limits apply on NEFT?
Rail-specific ceilings apply; the platform surfaces them pre-approval. Higher-value transactions are automatically routed to wire.
Is NEFT available 24/7?
Real-time rails (others) operate around the clock. Batch and wire rails follow the local banking window.
How do I integrate NEFT?
You don’t. KeyBS Pay abstracts rail selection: submit a payout to POST /v1/payouts and the router picks the fastest eligible rail. Use "method": "auto" (default) or force a specific method where policy requires.
Is NEFT regulated?
Yes. KeyBS Pay routes NEFT payouts only through partners licensed for the destination corridor.
Can I get a NEFT settlement report?
Yes. Per-rail, per-corridor reconciliation reports are available in the dashboard and via API export.
What happens if a NEFT payout fails?
Failed payouts return a signed webhook event with a machine-readable reason code. Funds remain in the source ledger and can be re-routed or refunded.
How is pricing set for NEFT?
Quote-based, disclosed in full pre-approval. No undisclosed intermediary-bank deductions on eligible local rails.
Can I use NEFT for consumer payouts?
Yes, where the beneficiary and route policy permit consumer flows. Stablecoin routes are business-only.
Are there cutoffs on NEFT?
Real-time rails have no cutoffs. Batch and wire rails follow local banking-day windows; cutoffs are shown at quote time.
Does NEFT support idempotent retries?
Yes. Every KeyBS Pay payout carries an Idempotency-Key so retries after transient errors are safe.
Which industries use NEFT most?
Marketplaces, cross-border trade, workforce and NGO programs are the largest users of NEFT on the KeyBS Pay platform.
Route your first NEFT payout
Rail selection is automatic — you never have to pick one manually unless program policy requires it.