IMPS - (Immediate Payment Service) is an interbank electronic money transfer service brought to you by ICICI Bank on Corporate Internet Banking. It lets you transfer funds instantly through your Corporate Internet Banking account. To transfer funds using IMPS service, you need the Account number and IFSC code of the beneficiary. Once a fund transfer request is made, the beneficiary account is credited instantly. This service is available 24x7, throughout the year including Sundays and any bank holiday. The limit for every transaction is Rs 200,000 only.
IMPS Charges applicable for current account customers w.e.f Sep 1, 2014.
|Sr.No||Transaction value (in Rs.)||Charges per transaction (in Rs.) *|
|1||Up to 10,000||3.50|
|2||Above 10,000 and up to 1,00,000||5.00|
|3||Above 1,00,000 and up to 2,00,000||15.00|
*Plus Service Tax
Process for money transfer using Account number and IFSC Code.
Go to Transfer module in CIB by clicking transfer Tab
- Select IMPS Payments
- Select Desired beneficiary Account for IMPS Funds Transfer along with amount and debit account number
- Confirm entered details
- To authenticate, enter the required 3 grid values (eg: I=24, K=54, M=43), of the 16 grid values present at the back of your ICICI Bank Debit Card
- Once your details are authenticated, the money is transferred instantly from your account. You will also receive an SMS informing you about relevant status
Note: The latest list of participating banks can be checked at www.npci.org.in/impsIFSC3.aspx