|Amounts upto Rs 10,000||Rs 2.25 + Applicable GST|
|Amounts above Rs 10,000 and upto Rs 1 lakh||Rs 4.75 + Applicable GST|
|Amounts above Rs 1 lakh and upto Rs 2 lakh||Rs 14.75 + Applicable GST|
|Amounts above Rs 2 lakh and upto Rs 10 lakh||Rs 24.75 + Applicable GST|
NEFT - National Electronic Funds Transfer
What is NEFT?
National Electronic Funds Transfer (NEFT) is a nation-wide 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.
Use NEFT service to transfer funds anywhere using the following modes:
NEFT Transaction Charges
For Online Channels:
Transaction charge for National Electronic Funds Transfer (NEFT) initiated through online modes (i.e. Internet Banking, iMobile app, Mera iMobile app and Pockets app) is Nil.
As per RBI guidelines, National Electronic Funds Transfer (NEFT) is available 24x7 with effect from Dec 16, 2019.
|Transaction Limits/Timing||RTGS Monday to Saturday|
(Except 2nd and 4th Saturday)
|IMPS (24 * 7 – 365 days)|
|Account number + IFSC||Mobile number + MMID||Account number + IFSC||Mobile number + MMID|
|Minimum||Rs.2 Lakh||Re. 1||Re. 1||Re. 1||Re. 1|
|Maximum||Rs. 10 Lakhs||Rs. 2lakh*||Rs. 10,000||Rs. 2lakh||Rs. 10,000|
*Upto Rs. 2 lakhs per transaction (Rs. 10 Lakhs per day)
NEFT(RIB & iMobile)
|Transaction Limits/Timing||01.00 hrs – 19.00 hrs||00.00 hrs – 01.00 hrs|
19.00 hrs – 00.00 hrs
|2nd & 4th Saturday, Sunday & RTGS Holidays|
|Minimum||Re. 1||Re. 1||Re. 1|
|Maximum||Rs. 10 Lakh or 25 Lakh (Based on customer segment)||Rs. 2 Lakh||Rs. 2 Lakh|
CIB, Instabiz & API Banking - Limits are at user level
|Limits||01:00 hrs – 19:00 hrs||00:00 hrs – 01:00 hrs and 19:00 hrs – 00:00 hrs||2nd & 4th Saturday, Sunday & RTGS Holidays|
|Per Transaction Amount||Existing Workflow limit mapped to Corporate||Maximum Rs. 2 Lakh||Maximum Rs. 2 Lakh|
|Number of transactions||NA||Maximum 5||Maximum 5|
Can I make a part pre-payment on my Home Loan Account through NEFT with ICICI Bank?
Yes, ICICI Bank accepts part pre- payment of your Home Loan through National Electronic Funds Transfer (NEFT). In case you want to make part pre-payment on your Home Loan Account through NEFT you need to visit the nearest ICICI Bank branch. For the list of Branches nearest to you please click here. The Service Request number received during branch visit must be mentioned in the remarks column in the NEFT form while making part prepayment through NEFT. Please note that the transactions with invalid request numbers will be rejected. Minimum 1 EMI to be paid as a part pre-payment amount.
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