Money Transfer
What are the charges for IMPS transaction?
The outward charges applicable for IMPS facility from May 01, 2024 are mentioned below:
| IMPS (Applicable for Savings Account) w.e.f May 01, 2024 | |
|---|---|
| Amounts up to Rs 1,000 | Rs 2.5/- per transaction + Applicable GST |
| Amounts above Rs 1,000 and up to Rs 25,000 | Rs 5/- per transaction + Applicable GST |
| Amounts above Rs 25,000 and up to Rs 5 lakh | Rs 15/- per transaction + Applicable GST |
| IMPS (Applicable for Current Account) w.e.f May 01, 2024 | |
|---|---|
| Amounts up to Rs 1,000 | Rs 2.5/- per transaction + Applicable GST |
| Amount above Rs 1,000 to Rs 1,00,000 | Rs 5/- per transaction + Applicable GST |
| Amount above Rs 1,00,000 to Rs 5,00,000 | Rs 15/- per transaction + Applicable GST |
You can also view this information on our website, www.icicibank.com > Service Charges & Fee (Available at the bottom of the page).
Alternatively, please click here
How long does it take for the money to get credited into the beneficiary account?
For successful UPI transactions, funds get credited into the beneficiary's account instantaneously.
What is the limit for IMPS transfer?
IMPS iMobile: Account Number IFSC - Minimum Re. 1 and Maximum Rs. 5lakh
IMPS iMobile: Mobile Number MMID - Minimum Re. 1 and Maximum Rs. 10,000.
If my IMPS transaction has failed, how will I get my money back?
If the IMPS transaction is failed/ void / timed out, request you to check after transaction +2 working days, the amount would be credited to beneficiary account or refunded in your account.
In case the amount does not get credited to the Beneficiary account within transaction +2 working days or there is no refund in your account, call our Customer Care between 7:00 a.m. and 9:00 p.m. from your registered mobile number.
To know the local Customer Care numbers, please click here.
Or write to us at [email protected] with your savings account number, date of transaction, amount of transaction and any other details regarding the transaction that you may have from your registered email id for further assistance.
What are the IMPS timings?
IMPS is available 24 hours of the day, all days of the week, throughout the year. There are no holiday restrictions on IMPS transactions. Service is available 24x7, throughout the year, including Sundays and any bank holiday.
What are the different methods of transferring money through IMPS?
You can use the below mentioned methods for transferring money through IMPS:
1. Using an Account Number & the IFSC code
2. Using Mobile Number and Mobile Money Identifier (MMID)
How can I track my IMPS Transaction ?
Every successful IMPS transaction can be tracked by RRN Number or Transaction reference number.
Login to your Internet Banking Account > Payments & Transfer > Transaction Status > View Completed Transactions.
How much time does an IMPS transaction take?
For successful transactions, the funds get credited into the beneficiary's account instantly.
Is it necessary to add the payee for an IMPS transaction?
No. If you are a registered mobile banking customer of ICICI Bank, no more registrations are required.
IMPS service is available without registration over iMobile, using the option of 7-digit MMID and the 10-digit mobile number of the beneficiary.
How much time does it will take for the beneficiary to receive the funds transferred through IMPS?
For successful transactions, the funds get credited into the beneficiary's account instantly.
Can I use IMPS through iMobile banking?
Yes. To send money using iMobile:
Login to ICICI Bank iMobile > Select Bank Account Menu > Select the Bank Account from which you wish to transfer money > Select IMPS (Insta FT) from the menu > Enter the beneficiary's 10 Digit Mobile Number, 7 Digit MMID and desired transfer amount > Confirm > Enter the grid values from your ATM/ Debit card > Get receipt of transaction along with Transaction Reference Number.
Is there any limit on the value of transactions when I am sending money using IMPS through iMobile?
Currently, the maximum limit for IMPS transactions through iMobile is Rs 10,000 per customer per day. You can transact subject to this daily cap for all IMPS transactions through iMobile (send money, receive money).
What is IMPS ?
Immediate Payment Service (IMPS) is an interbank electronic instant mobile money transfer service through mobile phones. IMPS helps you access your Bank Account and transfer funds instantly. The beneficiary account is credited immediately when a Fund Transfer request is made through your Mobile phone / Internet Banking. This service is available 24x7, throughout the year including Sundays and any bank holiday.
You will need a 7 digit MMID* (Mobile Money Identifier) number to transfer funds via IMPS.
For more details, we request you to refer to the below link.
https://www.icicibank.com/personal-banking/online-services/imps?
Is there any limit on the value of transactions when I am receiving money using IMPS through iMobile?
Currently, the maximum limit for IMPS transactions through iMobile is Rs 10,000 per customer per day. You can transact subject to this daily cap for all IMPS transactions through iMobile (send money, receive money).
What happens in case I enter a wrong beneficiary mobile number when sending money ?
The beneficiary details required to send money are mobile number and MMID. Before funds are credited into an account, the corresponding mobile number and MMID are verified. Only when both - the mobile number and the MMID - of the beneficiary match, funds are debited from your account and credited to the beneficiary. Else, the transaction fails and, no money get debited from your account.
Can I send money from an ICICI Bank Savings account to another account in any other bank?
Yes, you can transfer money from your ICICI Bank account to a beneficiary who has an account within the IMPS participating banks.
We request you to follow the below steps to add the Non ICICI bank Payee in your account.
Internet Banking:
Logon to Internet Banking with your user ID and password > Payments & Transfer > Manage Payees > Click on add payee under " Add other bank payee "> Enter the required details and submit it.
iMobile:
IMobile: Once you Login to Imobile click on > Funds transfer> Add new payee> Select the type of payee and enter the required details and submit it.
You can transfer funds to the payee which you have registered after confirming the registration of payee which is a one time registration.
When sending money, how do I come to know that my account is debited and the money has been credited in the beneficiary's account ?
You will get an amount debited SMS on your registered cell phone on successful completion of the transaction.
How do I pay through IMPS?
Process to make payment of credit card amount outstanding through IMPS:
Step 1:
A. Download the Mobile Banking Application provided by your Bank and login to Mobile Banking
Step 2:
A. Click on Bank Account.
B. A separate link for IMPS will be available.
C. Click on IMPS and then select Merchant Payment.
Step 3:
A. Enter your Bank Account Number to be debited under 'Source Account' field: xxxxxxxxxxxx
B. Enter the Merchant Mobile Number 7506612221 for ICICI Bank Credit Cards
C. Enter the Mobile Money Identifier (MMID) 9229001 for ICICI Bank Credit Cards
D. Enter the Amount (INR) that you wish to pay: xxxx.xx
E. Enter your ICICI Credit Card Number under ‘Payment Reference Number’ field: xxxx xxxx xxxx xxxx
Step 4:
A. Select Go
B. You will receive the transaction confirmation on your screen.
Step 5:
A. Click on Confirm.
B. Post confirmation, the Transaction details will be displayed on the screen.
C. You will receive an SMS confirming the transaction.
The payment will be credited within 24 hours on your ICICI Bank Credit Card Account.
To view the list of Banks participating for IMPS Merchant Payment, visit our website www.icicibank.com>Payments>Click to Pay>IMPS Credit Card Payment.
How can I add a beneficiary for IMPS?
Adding a beneficiary for IMPS is similar to adding the payee online for NEFT & RTGS. You can add the payee if you are doing a transfer with IFSC code. Follow the below steps for adding a payee:
Login to your Internet Banking account> select the option 'Payment & Transfer> fund transfer> An account in other bank through NEFT, RTGS or IMPS with IFSC code> select this option for adding a payee
OR
You can transfer with the 7-digit MMID and the 10-digit mobile number of the beneficiary. There is no pre-registration required for the beneficiary.
Also customer can add payee through Imobile as well. Customer has to follow below step for adding payee Login to Imobile>fund transfer>Outside ICICI bank>IMPS>Add new Payee
What are the benefits of IMPS Fund transfer service over other banking channel ?
<p>IMPS is a faster way to do a fund without adding a payee. IMPS is available 24 hours of the day, all days of the week, throughout the year. There are no holiday restrictions on IMPS transactions.</p>
What is MMID Number?
Mobile Money Identifier (MMID) is a 7 digit code issued by a participating bank to their Mobile Banking registered customers for availing IMPS service as a beneficiary. You will have different MMIDs for different accounts and all these could be linked to a single registered mobile number. Every customer will get their own unique MMID number. You can get your MMID Number from
Internet Banking:
Login to your internet banking account > Fund Transfer option > generate/ retrieve MMID
iMobile:
Login to iMobile> Click on Accounts & Deposits> Click on account number>More options>My Account details
Customer Care:
You may call our Customer Care between 7:00 a.m. and 9:00 p.m. from your registered mobile number.
To know the local Customer Care numbers, please click here.
ICICI Bank Branch :
Please visit the nearest ICICI Bank branch along with your original photo ID proof. Once the request is placed, your mobile number will be updated in 2 working days. To locate the nearest ICICI Bank Branch, visit maps.icicibank.com/mobile .
When can the beneficiary use the funds received through IMPS ?
The beneficiary can use the funds immediately on receipt of credit in the account.
Where do I register a complaint with reference to the IMPS transaction ?
If the IMPS transaction is failed/ void/ timed out, please check 2 working days after the transaction, the amount would be credited to the beneficiary account or refunded in your account.
In case the amount does not get credited to the beneficiary account within 2 working days after the transaction nor there is any refund in your account, we request you to call our Customer Care between 7:00 a.m. and 9:00 p.m. from your registered mobile number. To know the Customer Care numbers, please click here.
Alternatively, you may write to us at [email protected] for further assistance.
Can I transfer money abroad using IMPS
No.
Where can I find the list of participating Banks for IMPS payment?
To view the list of Banks participating for IMPS Merchant Payment, visit our website www.icicibank.com>Payments>Click to Pay>IMPS Credit Card Payment.
How is the fund transfer service Real Time or Instantaneous ?
A common infrastructure has been set-up amongst participant banks, in association with the National Payment Corporation of India, to enable real time funds transfers across banks. Please visit www.icicibank.com for a list of banks currently providing IMPS to their customers.
Can I send and / or receive remittance using the mobile number other than the one registered with the bank ?
No. You can send and / or receive funds using the registered mobile number only.
I have recently changed my number. Will I be able to do IMPS transaction using my new number?
If you are an ICICI Bank customer, you can register a complaint by calling our call center. Your query will be resolved within 5 working days.
How I can generate my MMID for IMPS transactions?
You can generate your MMID through any of the following channels:
Internet: Login to ICICI Bank.com >> Click on Generate / Retrieve MMID on your left hand side menu bar >> select the account for which MMID needs to be generated >> click on Generate / Retrieve MMID.
SMS: sms MMID [space] last 4 digits of your account number to 9222208888 >> You will receive an SMS carrying your 7-digit MMID for this bank account, e.g., 9229134.
When will the payment made through IMPS will be credited in credit card account.
The payment made through IMPS mode will be credited within 24 hours on your ICICI Bank Credit Card Account.
How can I get the beneficiary MMID number?
Your beneficiary needs to communicate his/her MMID with you to receive funds.
When can I use the money transferred through IMPS?
You can use the funds immediately on receipt of credit in your account.
If I have both a single & joint account, can I use the IMPS option for fund transfer?
Yes. Mobile Money Identifier (MMID) is a 7-digit code issued by a participating bank to their Mobile Banking registered customers for availing IMPS service as a beneficiary. You will have different MMIDs for different accounts and all of them can be linked to a single registered mobile number.
I am not able to transfer money through IMPS
We require few more details of your account hence, we request you to call our Customer Care between 7:00 a.m. and 9:00 p.m. from your registered mobile number.
To know the Customer Care numbers, please click here
Do I as payer or beneficiary need to have a bank account for availing IMPS?
Yes, you need to have a savings bank or a current account with ICICI Bank.
Do I need to register to send money through IMPS?
If you are a registered mobile banking customer of ICICI Bank, no more registrations are required. IMPS service is available over iMobile and USSD channels.
What are the steps to send money using IMPS from iMobile?
To send money using iMobile:
- Login to ICICI Bank iMobile
- Select Bank Account Menu
- Select the Bank Account from which you wish to transfer money
- Select IMPS (Insta FT) from the menu
- Enter the beneficiary's 10 Digit Mobile Number, 7 Digit MMID and desired transfer amount
- Confirm entered details
- Enter the grid values from your ATM/debit card
- Get receipt of transaction along with Transaction Reference Number
IMPS Fund transfer - Other Accounts asks for Last 6 digits of account number. Which account number can enter here?
You should enter the last 6 digits of account number from which you want to transfer funds. You can use only those accounts which are registered for mobile banking and linked to your unique user id.
For sending money, can I link more than one account to the same mobile number?
Yes, this is possible. You will need to register your mobile number for Mobile Banking with all accounts that you may want to link.
If I have more than one account linked to my mobile number how do I select the account from which I want to send money to a beneficiary?
Your primary account will be used as default account for IMPS fund transfer. If you want to do IMPS fund transfer from other than primary account, enter 6 for more services and enter 3 for IMPS Fund Transfer - Other A/c. Here you can enter desired account number.
Is the beneficiary also required to register for IMPS ?
The beneficiary (ICICI Bank or other bank customer) should have his mobile number registered with his respective bank where he intends to receive the money. He should also have a valid 7-digit MMID provided by his bank. For each bank account number the beneficiary would have a different MMID. Please note that different customers of a Bank can have same MMIDs.
What beneficiary details do I need to send money ?
The beneficiary details required are:
- Beneficiary's 10 digit mobile number
- MMID of the beneficiary customer
What if I lose my mobile phone / SIM card? Can anyone who comes into possession of the phone / SIM card send money using IMPS ifrom my account ?
The beneficiary details required to send money are mobile number and MMID. Before funds are credited into an account, the corresponding mobile number and MMID are verified. Only when both - the mobile number and the MMID - of the beneficiary match, funds are debited from your account and credited to the beneficiary. Else, the transaction fails and, no money get debited from your account.
What are the timings for initiating and receiving IMPS remittances ?
IMPS service is available 24 hours of the day, all days of the week, throughout the year. There are no holiday restrictions on IMPS transactions.
If the IMPS transaction is not completed, will I get my money back? If yes, by when?
If the IMPS transaction has failed, the money will be credited back to your account in 2 days from the date of transaction.
In case your account is debited and the beneficiary account has not been credited, please wait for 2 days to check if the funds have been credited to your account. If the money is not credited back to your account within the mentioned time period, then please call our Customer Care and register your complaint with the following details:
- Your Mobile Number
- Your Account Number
- RRN (Transaction Reference Number)
- Date and time of transaction
- Beneficiary Bank Name
- Beneficiary Mobile Number
- Beneficiary MMID
You may call our Customer Care on 18001080between 7:00 a.m. and 9:00 p.m.
To know the Customer Care numbers, please click here.
I have 2 accounts with ICICI Bank, do I need separate MMIDs for each of these accounts?
Yes, every account has its own separate MMID.
Do I need to use my MMID while transferring money to another mobile phone?
No, You need to provide beneficiary MMID and mobile number.
>Where will I get the MMID of the payee?
Your payee should communicate his MMID to you to receive fund in his account.
