ICICI Bank RTGS Form

[nikhilchauhan]

ICICI Bank provides various electronic payment options for the Indian Banking Sector.

Mainly there are 3 ways in which you can make electronic payment with ICICI Bank - RTGS, NEFT, and IMPS. Before moving forward, it's important to understand the differences between the 3 modes;

Type of Transfer	NEFT	IMPS	RTGS
Speed of settlement	Half hourly	Real-Time	Real-Time
Maximum Transfer Value	Rs 10,00,000 - Rs 25,00,000 (According to customer segment)	Rs. 10,000- Rs. 5,00,000 (According to customer segment)	Rs 10,00,000-Rs. 1,00,00,000 (According to customer segment)
Minimum Transfer Value	Rs. 1	No Limit	Rs. 1
Charges	Rs. 2.25 (Up to 10,000) Rs. 4.75 (10,000-1,00,000) Rs. 14.75 (1,00,000-2,00,000) Rs. 24.75 (2,00,000-10,00,000)	3.5RS + GST (Up to 10,000RS) 5RS + GST (10,000-1,00,000) 15RS + GST (1,00,000-5,00,000) No charge (5,00,000-10,00,000)	No Charges up to Rs.2,00,000. Rs. 20 (2,00,000-5,00,000) Rs. 45 (5,00,000-10,00,000)
Timing	24x7, 365 Days	24x7, 365 Days	24x7, 365 Days

RTGS/NEFT/IMPS Transfer with HDFC Bank:

There are two ways to initiate an RTGS / NEFT/ IMPS transfer with HDFC Bank:

1. Offline submission /In Branch Request (FOR RTGS/NEFT)
2. Mobile Banking (FOR RTGS /NEFT /IMPS).

OFFLINE SUBMISSION /IN-BRANCH REQUEST

Step 1: Download and Complete the Form

• Download the attached NEFT/RTGS form (in PDF format). This same form will be provided to you if you choose to initiate the transfer through an in-branch request. We have also attached the RTGS form with this post for your convenience.
• Print a clear copy of the downloaded form.
• Fill out the form completely and accurately. How to fill up the form is mentioned below

NOTE

Remember to do the following while submitting the RTGS form:

• Debit instructions of your ICICI Bank account/ cheque leaf with the transfer amount.
• Documents providing the beneficiary account details.
• Any additional documents as per ICICI Bank requirements.

How to Fill up the Form?

• Firstly, mention your branch name and today’s date.
• Next, write the amount to be transferred in figures and words both ways.
• Next, choose if you want the transfer to be via cash, cheque, or debit of your own account.
• Fill in your details next which include your Account number, cheque number, date, name, address and mobile number.
• Next, Write the beneficiary name, account number, bank name, IFSC code, and Branch address, and confirm the account number and remarks.
• Lastly, choose the purpose of your RTGS and sign on the required area.

Step 2: Submit the Form at Your Branch

• Visit your nearest ICICI Bank branch.
• Submit the completed NEFT/RTGS form along with any required identification documents to a bank teller or customer service representative.
• Once your request is processed, the funds will be transferred to the beneficiary's account.

Mobile Banking (iMobile Pay App)

• To initiate an IMPS transaction on ICICI Bank mobile application start with adding the payee as beneficiary, by going to the funds transfer window and selecting my payees.
• Click on Add a new payee and enter the details of beneficiary such as Name, Account number and IFSC code of the payee, followed by confirmation using OTP.
• Wait for at least 30 minutes to initiate a transaction.
• Now go back to the Funds transfer window and select the payee from the list of registered payees.
• Enter details such as transaction amount.
• Select the type of transfer you want(NEFT/RTGS/IMPS-IFSC)
• Verify and complete the transaction for successful fund transfer.

Conclusion - When to Use What?

• For urgent, high-value transfers, opt for RTGS due to its real-time settlement and higher transfer limits.
• NEFT is suitable for routine transfers and bill payments, offering convenience and cost-effectiveness.
• IMPS is ideal for small, urgent transfers, providing real-time transactions even on holidays.