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ICICI NEFT is the inter-banking facility based on Deferred Net settlement under which transactions are credited in hourly batches for all the requests received in 30 minutes.

ICICI NEFT Transfer Modes Offline- Bank Branch
Online- Mobile/ Net Banking
ICICI Fund Transfer Limit Bank Branch- No Limit
Mobile/ Internet Banking- ₹25 Lakhs
ICICI Fund Transfer Charges Mobile/Internet Banking- 2 Lakhs
Bank Branch-
ICICI Fund Transfer Timings 7 AM to 6 PM
Apply for Savings Account

ICICI National Electronics Fund Transfer - ICICI NEFT

ICICI Bank, which is one the leading Private Bank also provides an electronic method of fund transfer through internet banking by various modes such as NEFT, RTGS and IMPS. If you want to transfer funds through ICICI NEFT, you need to have required bank details, including the IFSC code of the recipient's Bank. There is no cap on the minimum and maximum amounts of funds that can be transferred. However, in cases when there is in-person cash-based remittance within India, the maximum cap is ₹ 50,000.

How Does ICICI NEFT Work?

ICICI NEFT or National Electronic Funds Transfer is the inter-banking facility maintained under RBI to transfer funds within the country. It is based on Deferred Net settlement which means the amount is credited in hourly batches along with the other payments for all the requests received in 30 minutes.

How to Transfer Funds through ICICI NEFT to Another Bank Account?

To transfer funds through ICICI NEFT to another bank account, you need to follow the below-mentioned steps:

  • Now, select the account from which the funds need to be transferred and enter the amount, purpose and beneficiary of the transfer.
  • Next, verify all the details, accept the terms and conditions and click on "Submit".
  • On the next page, choose the type of transaction and click on "Proceed".
  • Now, on the next page, verify all the details and click on "Confirm".
  • Select the "Funds Transfer" option under the "Payments & Transfer" tab.
  • Firstly, log in your ICICI Net Banking Portal.
  • Finally, enter the password sent to the registered mobile number and click on "Confirm".

How to Pay Credit Card Bill Payment Through ICICI NEFT?

To make credit card bill payment through ICICI NEFT, follow the below-mentioned steps:

  • Firstly log in to the internet banking account by entering your user name and password.
  • Add your credit card as the beneficiary to make the credit card bill payment. You can find this option under third party transfer.
  • Now, provide the IFSC code of the credit card and enter the 16-digit ICICI Credit Card number in place of the account number.
  • Next, enter the bank name and enter the bank address of the credit card company/bank and click the submit button to make payment.

ICICI NEFT Fees & Charges

There are no transfer charges to receive money through NEFT. However, the person doing the transactions may have to bear certain charges depending on the Bank. The NEFT money transfer facility is available for NRE/ NRO accounts in the country.

Transaction Type NEFT Charges
Mobile and Internet Banking 2 Lakhs
Bank Branch

Required Details to Proceed NEFT Transaction

To transfer funds through ICICI NEFT, you would require the following details.

  • Name of the beneficiary
  • Amount to be transferred
  • Customer’s account number
  • Name of the beneficiary’s Bank
  • IFSC code of the Bank’s branch
  • Account number of the person making the payment.


You can transfer funds through ICICI through mobile/internet banking or by visiting the bank branch. The users can transfer funds through NEFT, as mentioned below:

Banking Days NEFT Timings
Monday to Friday & Working Saturday 7 AM to 6 PM


As per the RBI guidelines, there is no cap on minimum amount and maximum for fund transfer through ICICI NEFT. However, you can transfer up to ₹ 25 Lakhs on ICICI NEFT, through ICICI Internet Banking.

Benefits of Using ICICI NEFT

The system of NEFT fund transfer provides the following features and benefits for fund transfer to the customers:

  • NEFT Limit: There is no minimum limit for fund transfer under NEFT.
  • Transfer Modes: You can transfer funds through NEFT by offline and online methods. To transfer funds offline, you need to visit the bank, and you can also transfer funds through net banking.
  • No risk: As all NEFT transactions in India are regulated by the RBI, hence making it a highly reliable channel.
  • Reliable and efficient process: It is very easy and convenient to transfer funds through ICICI NEFT.
  • Cost-effective: The processing fee and charges are very low for ICICI NEFT and hence is one of the most common channels to send funds.


What is the charge for ICICI NEFT?

If you want to transfer funds through ICICI NEFT, you need to bear charges based on your transaction amount. While the charges for NEFT fund transfer through mobile/internet banking are 2 Lakhs, you need to bear transaction charges of , if you want to do NEFT fund transfer through ICICI branch.

What is NEFT transfer in ICICI?

ICICI, which is one of the leading Private Bank, provides an electronic method of fund transfer based on deferred net settlement wherein the amount is credited in hourly batches along with the other payments for all the requests received in 30 minutes.

How much time does it take for NEFT transfer in ICICI?

All transactions done through ICICI NEFT are credited in hourly batches. So all requests received in 30 minutes are credited together.

How much money can be transferred through ICICI NEFT in a day?

There is no limit for the minimum and maximum amount that can be transferred through ICICI NEFT.

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