ICICI Bank NEFT Form: With National Electronic Funds Transfer (NEFT) you can transfer funds and make Credit card payments to any bank across India. With this service your transactions are easier, and, with fewer restrictions, they reach further than before.
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What is NEFT?
National Electronic Funds Transfer (NEFT) is a nationwide payment system facilitating one-to-one funds transfer. Under this Scheme, individuals can electronically transfer funds from any bank branch to any individual having an account with any other bank branch in the country participating in the Scheme.
- Click here to know more details for NEFT or Check NEFT FAQ’s
Who can avail ICICI Bank NEFT facility
Individuals, firms or corporates maintaining accounts with a bank branch can transfer funds using NEFT. Even such individuals who do not have a bank account (walk-in customers) can also deposit cash at the NEFT-enabled branches with instructions to transfer funds using NEFT. However, such cash remittances will be restricted to a maximum of Rs. 50,000/- per transaction.
- Customers of the branch where they are having Savings/Current Accounts
- Walking customers for below Rs. 50,000.
In what way it is beneficial to the Customers
Customer can remit funds to the account of another bank branch and The funds are transferred instantaneously at nominal charges
ICICI Bank NEFT Form
Click Here to Download ICICI Bank RTGS, NEFT Form
Minimum and Maximum Amount for Transfer
- Minimum: Rs.1
- Maximum: No Limit
ICICI Bank NEFT Charges
| Mode of Transaction | Charges |
|---|---|
| Online modes (i.e. internet banking, Mobile app) | No Charges |
| Through branches | |
| Up to ₹ 10,000 | ₹ 2.25 + Applicable GST |
| Above ₹ 10,000 and upto ₹ 1 lakh | ₹ 4.75 + Applicable GST |
| Above ₹ 1 lakh and upto ₹ 2 lakh | ₹ 14.75 + Applicable GST |
| Above ₹ 2 lakh and upto ₹ 10 lakh | ₹ 24.75 + Applicable GST |
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How to Send Payment via NEFT
There are two ways to send payment via NEFT and one of them is 1. NEFT via Online Internet Banking and 2nd is NEFT via Bank Branch..
NEFT via Bank Branch: If you want to make NEFT via offline mode i.e from Bank Branch then you need to visit your nearest ICICI Bank Branch and Request for NEFT Form or Slip and Fill all the require details asked in NEFT Form and submit to Cashier, Now you bank brach send payment to another person within 2 working hours
- Login to ICICI Bank Retail NetBanking
- On the left hand side navigation bar, click on “Other Bank Transfer – NEFT” under the Funds Transfer section.
- Fill in all details like transfer amount, destination account number, IFSC Code, beneficiary name & payment details. After these details are filled in correctly, a unique transaction confirmation number would be generated. This number is to be quoted for any query related to this particular transaction.
What the customer must have for remittance
IFSC of the bank branch to which the remittance to be made (IFSC is 11 characters code) Beneficiary account number, Name and Address (to whom the remittance is intended to ) Approach the branch with the above details
How to get the IFSC of the branch
Indian Financial System Code (IFSC) means a unique code of 11 digits of NEFT/RTGS enabled Branches. Normally, this code will be printed on the cheque books OR it may be obtained from the branch where the account is maintained. It is also available on the RBI website. In case the IFSC of the beneficiary bank is not known, the same can be obtained by selecting the Bank and Branch while registering the beneficiary.
- It is available on the cheque leaf supplied by the bank
- Can also get from the branch
When is the amount credited in the beneficiary account?
- ICICI Bank NEFT is open 24×7, 365 days.
- Transactions, once confirmed will be immediately debited from the source account and taken up for processing. Transactions initiated before the cut off time shall be processed on the same day.
- All transactions initiated outside the NEFT hours and on NEFT holidays will be processed (for onward transfer to beneficiary bank) only on the next working day. Please ensure that there are sufficient funds in your account to process the transaction. In case you are retrying, please check the status of your previous transaction
- Please note that once the amount is debited and processed from ICICI Bank, the credit into the beneficiary account is completely dependent on the destination bank
Cut off time for remittance through ICICI Bank NEFT
From December 16 , NEFT facility for online transactions has started getting 24 hours seven days a week. According to a statement from the Reserve Bank, transactions under NEFT can be done every day including holidays. With this, you can transfer online up to Rs 2 lakhs at a time.
So Now you can make NEFT Transfer Anytime 24 Hours
Importance Account Number
Outward : While remitting the funds, Account Number of the beneficiary is to be mentioned correctly in the voucher (to whom the remittance is intended to ).
Inward : While seeking remittance from other bank Customers, it is mandatory to quote your 15 Digit Finacle Account Number compulsorily.
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