1 of the 80 exchanges we track accept NEFT deposits, ranked by CWR Score. The list below is checked against your country.
Every exchange below lists NEFT among its deposit methods in the CryptoWinRate database. The list checks each venue's restricted-country list against your location. Change it if we got it wrong.
Pick a different country above, or browse all reviews.
Also accepting NEFT, but restricted in your country: Delta Exchange,
NEFT, which stands for National Electronic Funds Transfer, is the Reserve Bank of India’s system for moving rupees between bank accounts. It settles payments in half-hourly batches rather than one by one, and it runs on every day of the year, including weekends and public holidays.
Paying an exchange with NEFT works like any other bank transfer. You need a bank account in your own name, access to net or mobile banking, and the exchange’s account number, IFSC code, beneficiary name and reference. You don’t hand over card numbers or log-in details to anyone. Because it’s a push transfer that you set up yourself, there’s no pull on your account, but a completed transfer is treated as final.
The list at the top of this page shows the exchanges that take NEFT.
NEFT is owned and operated by the Reserve Bank of India. It launched in November 2005, built with the Institute for Development and Research in Banking Technology, and at first processed transfers in hourly batches during banking hours.
In April 2016 the clearing times dropped from hourly to half-hourly batches. From 1 July 2019 the RBI stopped charging member banks for outward NEFT transactions. On 16 December 2019 NEFT moved to round-the-clock settlement on all days of the year, and from January 2020 online NEFT transfers from savings accounts carried no charge. Those changes are why a NEFT deposit today is usually free and can settle at any hour.
The Reserve Bank of India runs NEFT as a central bank and regulator. It does not offer any way to buy, hold or trade crypto in an app of its own, and NEFT is purely a rupee transfer system.
The RBI has not published any policy that specifically permits or restricts using NEFT to fund a crypto exchange account. So nothing in the scheme itself blocks or warns against it. In practice, the thing that can get in the way is your own bank’s stance on crypto-related transfers rather than the NEFT rules. A held or returned transfer is usually a bank decision.
A NEFT deposit usually lands somewhere between a few minutes and a couple of hours. It settles in half-hourly batches, so the wait depends on where in the cycle you sent it and how quickly the receiving bank posts the credit. NEFT runs around the clock on every day of the year, so a transfer sent at night or on a holiday still settles at the next batch. First-time checks or adding a new beneficiary can hold things up on the first transfer. That’s fine for a planned deposit and frustrating if you’re trying to catch a price.
The RBI has directed banks not to charge savings account holders for online NEFT transfers, which makes it the cheapest rupee rail for most people. Branch transfers may still carry a fee. The scheme itself stopped charging member banks for outward transfers in 2019.
An exchange can add its own cost on top, either a deposit fee or a wider price on an instant buy. Check the deposit screen and the buy confirmation before you commit, so you see the total in rupees rather than just the NEFT side of it.
A NEFT payment joins the next half-hourly settlement batch. If you send just before one, it moves almost immediately; if you send just after, it waits. Neither the exchange nor your bank controls which side of that line you land on.
The receiving bank then has to post the credit, which adds its own short delay. Together, this is why a NEFT deposit is quoted in hours rather than minutes even though the underlying settlement is quick.
Use IMPS when the timing matters, RTGS when the amount is large enough to justify it, and NEFT when neither is true and you would rather not pay a fee.
Compare a few things between the exchanges that accept NEFT. Look at the total cost shown before you confirm, how long account verification takes, and whether you can withdraw back to NEFT when you want your money out. Check which coins you can buy and the exchange’s security record. Because NEFT is the slowest of the Indian rails, it’s also worth seeing whether a venue takes a faster option like IMPS for the days you need one. The list at the top of this page shows the exchanges open to you.
Yes. Send from a bank account in your own name that matches your exchange account. A transfer from someone else’s account can be held or returned, and the exchange may not credit it.
NEFT handles both inward and outward transfers, so it can be used for payouts as well as deposits. Whether a given exchange lets you withdraw that way is up to the exchange, so check before you deposit.
Keep the UTR number that the banking system assigns your transfer. It’s what support uses to trace a deposit that has settled but not shown up, usually because the reference was missing or mistyped.
The scheme sets no maximum, though your own bank may apply its own per-transaction limit. For very large transfers RTGS is the more usual route.
IMPS is the fast alternative, settling in real time for a small fee. RTGS suits large amounts. Many people pick whichever bank transfer the exchange supports.
