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:


ICICI Bank Credit Card Payment through NEFT


Any customer wants to make payment for ICICI Bank Credit Card through NEFT, View Demo.

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.


For Branches:

Transaction ChargesNEFT
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

As per RBI guidelines, National Electronic Funds Transfer (NEFT) is available 24x7 with effect from Dec 16, 2019.





Transaction Limits/TimingRTGS Monday to Saturday
(Except 2nd and 4th Saturday)
IMPS (24 * 7 – 365 days)
Account number + IFSCMobile number + MMIDAccount number + IFSCMobile 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/Timing01.00 hrs – 19.00 hrs00.00 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


Limits01:00 hrs – 19:00 hrs00:00 hrs – 01:00 hrs and 19:00 hrs – 00:00 hrs2nd & 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.