Cash Management Services
Cash Management Services
Electronic Payments
Electronic modes of payment solutions offered by ICICI Bank include Funds Transfer, Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT). Further, ICICI Bank also offers the facility to send e-mail advices to the beneficiaries for all electronic fund transfers.
Funds Transfer
This facility can be used for payment by customers to beneficiaries who are ICICI Bank account holders. This method of funds transfer is the fastest and the most secure form of remittance.
Real Time Gross Settlement (RTGS) RTGS offers functionality of online, real time, funds transfer facility across banks. This facility can be used for transfers involving an amount greater than or equal to Rs. 2,00,000.
RTGS advantages
National Electronic Funds Transfer (NEFT)
NEFT facilitates transfer of funds electronically from one account to another, between NEFT participant bank branches in India. This product offers functionality of online funds transfer facility across banks. It is primarily for low value transactions and offers an efficient, secure, economic, reliable and expeditious solution for funds transfer.
- Seamless movement of funds
- Real time transfers and faster credit
- Elimination of delays due to outstation funds transfer
- E-mail alerts to beneficiaries
