FAQs on NEFT






NEFT National Electronic Fund Transfer (NEFT) is an interbank/inter-branch online fund transfer within India.

Currently MCA21 payments are allowed via Credit Card, Internet Banking & Physical Challan. The Ministry has authorized 5 banks (Indian Bank, HDFC, ICICI, PNB,UBI and SBI) for collection of MCA21 fees, which means that only the account holders of these banks can avail Internet banking facility. Further, payment via challan can only be made in the authorized branches of these above five banks. Though this was a major improvement compared to the earlier manual system, it caused delays in incorporation of companies and processing of other eForms. In order to eliminate inconveniences caused due to payment processing delays, Ministry is introducing payment of MCA fees via NEFT (National Electronic Fund Transfer) mode, in addition to already exiting payment methods.
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Banks will inform MCA21 system in four to five working hours about the successful NeFT payment receipt.
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NEFT transaction charges are available in the RBI website and are in addition to MCA21 filing fee.
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This is a unique reference number provided by the user’s bank account for each NeFT transaction.
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  • While making payment on MCA21 portal, user will select 'NEFT' as payment option. SRN shall be generated along with an eChallan which shall contain the procedure for conducting the NEFT transfer;
  • User will transfer funds to one of the MCA21 account, via internet banking facility offered by their bank in which they hold an account. User may quote SRN in the remark column;
  • User’s bank will provide a unique transaction number (UTN) for the NEFT transfer;
  • Banks will inform MCA21 system about the payment along with the UTN;
  • User will login to MCA21 and link UTN and SRN by clicking on the link "'Link NeFT Payment" under services tab.
  • Please note that the payment details shall be sent from the designated banks and updated in the MCA21 system within 6 hrs – 24 hrs from the time of payment.Therefore, you are required to link the SRN after the aforesaid time period.
  • User shall have to provide the SRN and UTN. Additionally, for verification purpose, user will have to provide account number from which the transfer was carried out and the amount. If the payment has been notified to MCA21 system and the details are matching, then thIe linking will be successful and the status of the SRN will be changed to PAID. MCA21 will create work item for further processing;
  • If details of payment for the SRN is still not received from banks, an information message will be displayed to user to link SRN & UTN at a later time;
  • If details don’t match, an error message will be shown to the user.
Linking shall be allowed only within 2 days of the reporting of payment by the bank. Once this time period is over, no linking will be allowed and the corresponding service request shall not be accepted. In case the linking is not done within the 2 day period, payment shall be reversed by the concerned bank. For eg: If the UTNs reported by the bank on 11th June, 2012 are not linked by the user by the end of 13th June, 2012 then these shall be marked for reversal and reported to the bank on 14th June, 2012.
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To verify whether the funds have been successfully transferred to MCA, please track the status through your bank branch.
Once the transaction is successfully linked to the SRN on MCA21 portal, the payment status can be tracked using the 'Track payment status' link.
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In such case, user should contact his bank from where the funds were transferred using NeFT.
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No. There is no limit – either minimum or maximum – on the amount of funds that could be transferred using NEFT, via current account. For personal accounts there may be limits.
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Yes, payment through NeFT mode can be made for all type of MCA21 payments.
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Yes, the funds are to be transferred using NeFT to the designated MCA Accounts. The details of the MCA designated accounts are as follows:.

HDFC Bank  :-
  Account No  -   04990920001637
  Account Type  -   Current
  Branch Name  -  HDFC bank, Sandoz house
  IFSC Code  -  HDFC0000240
  Beneficiary Name  -  MCA21-NEFT Collection

Punjab National Bank  :-
  Account No  -   1120002102318748
  Account Type  -   Current
  Branch Name  -  ECE House, New Delhi
  IFSC Code  -  PUNB0112000
  Beneficiary Name  -  MCA21-NEFT Collection

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The validity of the eChallan for NeFT shall be based on the date of event and the date on which the eChallan is generated. The same shall be mentioned on the eChallan generated.
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If the required funds are not transferred within the expiry date as mentioned on the eChallan, the SRN shall be cancelled and no service shall be delivered in respect of the SRN.
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