NEFT / RTGS / IMPS Charges, Timings and Limits - ICICI Bank (2024)

FAQs

What are the charges for IMPS NEFT and RTGS in Icici Bank? ›

NEFT/RTGS/IMPS Charges, Timings, Limits

Transaction Charges	NEFT Charges (At Branch)	RTGS Charges (At Branch)
Amounts above ₹ 2 lakh and upto ₹ 5 lakh (Incl. ₹ 2 lakh for RTGS)	₹ 24.75 + Applicable GST	₹ 20 + Applicable GST
Amounts above ₹ 5 lakh and upto ₹ 10 lakh	₹ 24.75 + Applicable GST	₹ 45 + Applicable GST

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NEFT / RTGS / IMPS Charges, Timings and Limits - ICICI Bank

ICICI Bank

https://www.icicibank.com

ICICI Bank

https://www.icicibank.com

Note that all three fund transfer modes can work for based on your fund transfer requirements. If you want your beneficiary to receive funds of up to ₹5 lakh in their account instantly, you may want to consider IMPS. If you do not want to pay transfer charges and your amount is less than ₹2 lakh, you can opt for NEFT.

NEFT and IMPS charges are decided on the bank's discretion. NEFT charges start from a minimum of Rupees 1 per transaction and go up to Rupees 25 per transaction. IMPS charges usually start from a minimum of Rupees 5 per transaction and can go up to Rupees 15 per transaction.

For Internet Banking and iMobile:

Transaction limits/timing	01:00 hours – 19:00 hours	00:00 hours – 01:00 hours and 19:00 hours – 00:00 hours
Minimum	Re 1	Re 1
Maximum	Rs 10 lakh or Rs 25 lakh (based on customer segment)	Rs 2 lakh

National Electronic Funds Transfer (NEFT) - ICICI Bank

ICICI Bank

https://www.icicibank.com

ICICI Bank

https://www.icicibank.com

The maximum amount that can be transferred under this system can vary across banks. There is no upper limit set by the RBI for RTGS transactions. For example, the maximum transfer amount is Rs. 20 lakhs per day at IDFC First Bank and a maximum of Rs.

IMPS: To transfer money via IMPS using the iMobile Pay app, Rs. 5 lakh is the transaction limit if the transfer is made using account number and IFSC per transaction. The daily limit is set at Rs. 20 lakh.

There's a minimum limit of Rs. 2 lakhs for RTGS transactions, and there's no maximum limit as such. To get an RTGS-enabled account, you can either contact your bank or check your eligibility status in your online banking portal.

For low-value transactions under ₹2 lakhs, NEFT is suitable as it is cost-effective and has no minimum transaction limit. RTGS is ideal for high-value transactions above ₹2 lakhs that must be settled immediately. IMPS is the fastest option, allowing instant fund transfer 24/7.

RTGS Transfer Timings

There are no restrictions on RTGS timings, irrespective of the bank in which you have an account. The fund transfer facility is available round the clock, 24x7, on all 365 days of the year.

NEFT Charges

NEFT Transfer Amount	NEFT Charges
Up to Rs. 10,000	Rs. 2.50 + GST
Above Rs. 10,000 and up to Rs. 1 Lakh	Rs. 5 + GST
Above Rs. 1 Lakh and up to Rs. 2 Lakh	Rs. 15 + GST
Above Rs. 2 Lakh	Rs. 25 + GST

NEFT (National Electronic Funds Transfer) - Limit and Charges - Groww

Groww

https://groww.in

Groww

https://groww.in

Which is cheaper RTGS or NEFT? ›

This means that funds transferred through NEFT may take a little longer to reflect in the beneficiary's account than those transferred through RTGS. However, NEFT is much more affordable than RTGS. Answer. NEFT is a good option for transferring smaller sums of money, while RTGS is better suited for larger transfers.

Safe and secure fund transfer. There are no charges levied by RBI from banks. NEFT service can be used for a variety of transactions such as payment of credit card bills, payment of loan EMI, etc. The service is available Pan-India.

Limits. *The maximum amount you can transfer per transaction using IMPS is Rs. 5 Lakh while iMobile allows upto Rs. 20 Lakh per day.

RTGS transfers are usually instant. If not, it takes a maximum of 30 minutes for the transfer. RTGS is also available 24x7 with ICICI Bank.

Through home branch, you have to take a cheque and fill the NEFT/RTGS application with the beneficiary details also. The amount will be transfered within an hour. For NEFT No minimum amount and 10 Lakh Maximum wherein RTGS minimum amount is 2 Lakh and Maximum no limits.

Convenience

Mode of Remittance	Commission/Charges for resident customers (account holder and non-account holder both)
Wire Transfer initiated through ICICI Bank branch (USD in USA)	INR 1500
Wire Transfer initiated through ICICI Bank Internet Banking / iMobile Pay App (all currencies other than USD in USA)	INR 750

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Wire Transfer - Outward Remittance - ICICI Bank

ICICI Bank

https://www.icicibank.com

ICICI Bank

https://www.icicibank.com

IMPS Transaction Charges

The fee structure for outward IMPS transactions is as follows: For transactions ranging from ₹0 to ₹1,000, the charges are ₹3.50 plus applicable GST. For transactions between ₹1,001 and ₹1,00,000, the fee is ₹5 plus applicable GST.

₹2.50 + GST for the IMPS up to ₹10000. ₹5 + GST for the IMPS of Above ₹10000 to ₹1 Lac. For the IMPS above ₹1 Lac to ₹2 Lacs the fee will be ₹15 + GST.