DO you have an ICICI Bank account with active netbanking services? If yes, you can transfer funds from your account to any other bank account instantly using the ICICI NEFT option. When done online, you won’t be charged a penny for it. However, there is also an option to use the ICICI NEFT option at the bank.
Do check out the post below to know the ICICI NEFT charges at the bank.
ICICI Bank NEFT Charges
As per the RBI guidelines, online NEFT transactions are free of cost, i.e. you will not be paying anything extra for using the NEFT online.
That said, do check out the table below for the ICICI Bank NEFT charges for transactions completed at the bank:
|Transaction Amount||ICICI NEFT Charges (+ Applicable GST)|
|Up to Rs 10,000||₹ 2.25|
|Above ₹ 10,000 – ₹ 1 lakh||₹ 4.75|
|Above ₹ 1 lakhs – ₹ 2 lakhs||₹ 14.75|
|Above ₹ 2 lakhs – ₹ 10 lakhs||₹ 24.75|
*charges attract GST as per the current GST rates.
ICICI Bank NEFT Customer Care
If you’re not able to transfer funds via NEFT, you may call on the below-mentioned ICICI Bank customer care number:
1800–1080 (Toll free number)
About ICICI Bank NEFT
ICICI Bank NEFT (National Electronic Funds Transfer) is a secure and efficient way to transfer funds electronically from your ICICI Bank account to another bank account in India.
The minimum amount for ICICI Bank NEFT transfer is Rs. 1, and there is no maximum limit. ICICI Bank NEFT charges may apply depending on the transaction amount and other factors. Typically, ICICI Bank NEFT charges range from Rs. 2.50 to Rs. 25 per transaction.
ICICI Bank also offers the option to schedule NEFT transfers for a future date or set up recurring NEFT transfers for payments such as loan EMIs, insurance premiums, and mutual fund SIPs.
How to use ICICI NEFT service online?
Here are the steps to initiate an ICICI Bank NEFT transfer:
Step 1: Log in to your ICICI Bank net banking account.
Step 2: Go to the ‘Fund Transfer’ section and click on ‘NEFT.’
Step 3: Select the account from which you want to transfer funds.
Step 4: Enter the beneficiary details, including the name, account number, and IFSC code of the beneficiary bank.
Step 5: Enter the amount you want to transfer.
Step 6: Review the details and click on ‘Submit.’
Step 7: Confirm the transaction using the two-factor authentication process.
Once the transaction is completed, you will receive an acknowledgment with a unique transaction reference number.
About ICICI Bank
ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary. Now, it is a private Indian bank headquartered in Mumbai, Maharashtra. It has more than 5,500 branches across the nation with presence in more than 15 countries.
The bank offers a wide range of banking products and financial services to corporate and retail customers including savings and current accounts, fixed deposits, NEFT, RTGS, IMPS, UPI, netbanking services and mobile banking services, to name a few.
Also, check other bank’s NEFT charges in the below table:
|Axis Bank NEFT Charges||Indian Bank NEFT Charges||PNB NEFT Charges|
|BOB NEFT Charges||NEFT Charges||SBI NEFT Charges|
|Canara Bank NEFT Charges||NEFT Charges HDFC|
ICICI Bank NEFT: FAQs
Yes. You can access the ICICI NEFT services 24×7 via netbanking as well as mobile banking services. However, if you prefer going to the bank and make an NEFT transaction at the bank, please check the ICICI Bank timings in prior.
ICICI Bank does not charge any fee for NEFT via netbanking or mobile banking.
The bank may charge minimum of Rs 2.25 to a maximum of Rs 24.75 for NEFT amount ranging from Rs 10,000 to Rs 2 lakhs and above.
You can use ICICI NEFT for any amount starting from Re 1.
You can check the status of your ICICI NEFT via internet banking or mobile banking. Other options include checking your ICICI balance. If you can the amount deducted from your account, it means that the transfer is already in process. Also note, it may take up to 2 hours on a normal working day to complete NEFT requests.