If you bank with ICICI and want to transfer money to another account, NEFT (National Electronic Funds Transfer) is one of the most reliable ways to do it. But how much does it cost in 2025?
Here’s a quick guide to ICICI Bank NEFT charges, limits, timings, and how you can avoid paying any fees.
What Is NEFT?
NEFT is an RBI-regulated system that allows you to transfer money between banks in India. It’s secure, available 24×7, and best for non-urgent transfers.
✅ Works on:
- ICICI mobile app (iMobile Pay)
- Internet banking
- At the branch
ICICI NEFT Charges (2025)
ICICI Bank follows RBI guidelines and charges only for branch-based NEFT transactions. Online NEFT is free.
NEFT Charges (When done at an ICICI branch):
| Transaction Amount | Charges (Excl. GST) |
|---|---|
| Up to ₹10,000 | ₹2.25 |
| ₹10,001 to ₹1 lakh | ₹4.75 |
| ₹1 lakh to ₹2 lakhs | ₹14.75 |
| Above ₹2 lakhs | ₹24.75 |
GST is added at 18% on top of these charges.
NEFT is 100% free when done through iMobile Pay or net banking.
ICICI NEFT Timings
- Online (via app or net banking): 24×7, 365 days
- At the branch: During branch working hours (usually 10 AM – 4 PM)
💡 Transactions are processed in half-hourly batches as per RBI rules.
Daily NEFT Limits
| Platform | Daily Limit |
|---|---|
| iMobile App | ₹10 lakhs/day |
| Internet Banking | ₹10 lakhs/day |
| Branch | Based on your account profile |
You can increase your transfer limits using iMobile Pay or net banking with OTP verification.
FAQs
Q1: Is NEFT free with ICICI Bank?
A. Yes, NEFT is free if you use iMobile Pay or internet banking. Charges apply only at the branch.
Q2: How long does NEFT take?
A. Usually 30 minutes to 2 hours, but it can be instant depending on the receiving bank’s response.
Q3: What happens if NEFT is delayed or fails?
A. The money is usually refunded within 2 working days. You can contact ICICI customer care for help.
Q4: Can I send NEFT on Sunday?
A. Yes, ICICI supports 24×7 NEFT transfers, including Sundays and public holidays via online channels.
Key Takeaways
- Use iMobile Pay or ICICI Net Banking for free NEFT transfers
- Charges apply only when transferring from a branch
- NEFT is secure, reliable, and works 24×7
- Ideal for personal, business, and bill payments
