ICICI Bank provides RTGS and NEFT payment systems to customers, enabling them to transfer money from one bank account to another in India. To carry out such payments you need to fill out the ICICI Bank RTGS form or NEFT form.
The following table highlights a brief overview of the RTGS form of ICICI Bank.
| Type of Form | ICICI Bank RTGS/NEFT Application Form |
| Name of Bank | ICICI Bank |
| Official Website | ICIC Bank Official Website |
| Uses of Form | Online Transfer of Funds |
| Minimum Limit | For RTGS – ₹2 lakhs For NEFT – ₹1 |
| Maximum Limit | For RTGS – ₹10 lakhs For NEFT – ₹10 lakhs or ₹25 lakhs (based on customer segment) |
| Beneficiary | Bank customers |
| Form Language | English, Hindi |
| Kotak Bank RTGS Form PDF | Download |
What Is ICICI Bank RTGS?
ICICI Bank’s Real-Time Gross Settlement (RTGS) facility is the process of continuous settlement of funds on a real-time basis. This payment system enables you to carry out large-value transactions. RTGS eliminates the risk of settlement or credit risk.
What Is ICICI Bank NEFT?
The ICICI Bank NEFT is a nationalised central payment system that is used to transfer funds from one account to another. This electronic payment system is available 24X7. The payments are made on a Deferred Net Settlement (DNS) basis, ensuring that NEFT transactions are settled in batches.
How to Download ICICI Bank RTGS Form?
To download the ICICI RTGS form, follow the simple steps mentioned below:
- Step 1: Go to the official website of ICICI Bank.
- Step 2: Log in to your account with your credentials.
- Step 3: Search for the ICICI Bank RTGS form and click on ‘Download’.
You will be able to download the form in PDF format and submit it to the bank.
How to Download ICICI Bank NEFT Form in PDF Format?
To download the ICICI NEFT form online in PDF format, follow the steps mentioned below:
- Step 1: Visit the official website of ICICI Bank.
- Step 2: Log in to your account by providing your account username and password.
- Step 3: Find out the ICICI Bank NEFT form in the PDF version and then download it.
How to Fill ICICI Bank RTGS Form?
Follow the steps mentioned below to fill out the ICICI Bank RTGS form:
- Step 1: Start by writing your personal details in the form including your name, address, account number, etc.
- Step 2: Next, fill out the recipient’s details including their name, bank branch code, amount to be transferred, etc.
- Step 3: Provide your bank account details including the account number and IFSC code.
- Step 4: Write the amount you want to transfer in figures and words.
- Step 5: Go through the information provided to prevent any future errors.
- Step 6: Sign the form in the required area for authorisation.
After completion, submit it to the bank by attaching the required documents.
How to Fill ICICI Bank NEFT Form?
Here is a step-by-step procedure you need to follow to fill out the ICICI Bank NEFT form:
- Step 1: Fill up the form by providing details including the transfer amount, and the beneficiary’s bank details.
- Step 2: Sign the NEFT form in the assigned box.
- Step 3: Next, fill out the cheque slip by providing the same information as mentioned before in the NEFT form.
- Step 4: Double-check your application form and submit it to your nearest ICICI Bank branch.
Documents Required Along with ICICI Bank RTGS Form
The following is a list of documents you need to submit along with the ICICI Bank RTGS Form:
- Cheque leaf of your bank account
- Documents providing the beneficiary’s account details
- Any additional documents as per the requirements of ICICI Bank
ICICI Bank RTGS/NEFT Timings
1. The following table showcases the ICICI Bank RTGS timings:
| Transaction Limits | 01:00 AM to 7:00 PM | 7:00 PM to 12:00 AM and 12:00 AM to 01:00 AM | 2nd and 4th Saturday, Sunday and Bank holidays |
| Minimum | ₹2 lakhs | ₹2 lakhs | ₹2 lakhs |
| Maximum | ₹10 lakhs or ₹1 crore (based on customer segment) | ₹10 lakhs | ₹10 lakhs |
2. The following table showcases the NEFT timings of ICICI Bank:
| Transaction Limits | 01:00 AM to 7:00 PM | 12:00 AM to 01:00 AM and 7:00 PM to 12:00 AM | 2nd & 4th Saturday, Sunday & RTGS Holidays |
| Minimum | ₹1 | ₹1 | ₹1 |
| Maximum | ₹10 lakhs or ₹1 crore (based on customer segment) | ₹2 lakhs | ₹2 lakhs |
ICICI Bank RTGS and NEFT Charges
Here is a table that highlights the RTGS and NEFT charges of ICICI Bank:
| Amount of RTGS | Transaction Service Charges (Exclusive of GST) |
| Till ₹10,000 | Not applicable |
| From ₹10,000 to ₹1 lakh | Not applicable |
| From ₹1 lakh to ₹2 lakhs | Not applicable |
| From ₹2 lakhs to ₹5 lakhs | ₹20 |
| From ₹5 lakhs to ₹10 lakhs | ₹45 |
| Amount of NEFT | Transaction Service Charges (Exclusive of GST) |
| Till ₹10,000 | ₹2.25 |
| From ₹10,000 to ₹1 lakh | ₹4.75 |
| From ₹1 lakh to ₹2 lakhs | ₹14.75 |
| From ₹2 lakhs to ₹5 lakhs | ₹24.75 |
| From ₹5 lakhs to ₹10 lakhs | ₹24.75 |
Note: These charges apply to transactions made via branches. There are no transaction charges for NEFT and RTGS transactions done online.
What Happens if ICICI Bank RTGS Transaction is Not Processed on Time?
If the ICICI Bank RTGS transaction is not processed on time, the amount will be returned to your bank account within 1 hour.
Final Word
By filling out the ICICI Bank RTGS form and ICICI Bank NEFT form, you can carry out your transaction smoothly. However, keep in mind that you should provide all the details accurately before submitting the form.
FAQs
Yes, you can schedule an RTGS transaction in advance with ICICI Bank.
No, the ICICI NEFT method cannot be used for foreign remittances.
Yes, you can cancel the ICICI Bank’s RTGS transaction by requesting the bank. Your transaction will be cancelled within 7 working days if the recipient accepts the cancellation request.
You need to provide the following information to carry out ICICI RTGS or NEFT transfer:
Amount to be remitted
Beneficiary name
Account number of the remitting customer
Beneficiary bank’s name
Account number of the beneficiary
IFSC code of the bank branch where you are going to transfer the money.
Disclaimer
This article is solely for educational purposes. Stable Money doesn't take any responsibility for the information or claims made in the blog.
