National Electronic Funds Transfer (NEFT)

What is NEFT?

The National Electronic Funds Transfer (NEFT) is an electronic payment system that facilitates direct one-to-one payments across the country. Using this facility, you can electronically transfer funds from any bank branch to any individual having an account with any other bank branch in the country that is a part of the NEFT scheme. You can also make NEFT transfers using digital modes of internet banking and mobile banking



NEFT transfers can be made by ICICI Bank customers using any of the modes below:


ICICI Bank Credit Card Payment through NEFT

In accordance with the RBI guidelines, the NEFT facility is available 24×7.

NEFT Transaction Charges

For digital channels:

No transaction charge is applicable on NEFT transfe₹ that are initiated through digital modes of banking, i.e. Internet Banking, iMobile app, Mera iMobile app and Pockets app.


For Branches:

The below transaction charges are applicable for NEFT transfe₹ that are initiated through the branches of ICICI Bank.

Transaction Charges NEFT
Up to ₹ 10,000 ₹ 2.25 + Applicable GST
Above ₹ 10,000 and upto ₹ 1 lakh ₹ 4.75 + Applicable GST
Above ₹ 1 lakh and upto ₹ 2 lakh ₹ 14.75 + Applicable GST
Above ₹ 2 lakh and upto ₹ 10 lakh ₹ 24.75 + Applicable GST


As per RBI guidelines, National Electronic Funds Transfer (NEFT) is available 24×7 with effect from Dec 16, 2019.





Transaction Limits/Timing RTGS Monday to Saturday
(Except 2nd and 4th Saturday)
IMPS (24 * 7 – 365 days)
iMobile Internet
Account number + IFSC Mobile number + MMID Account number + IFSC Mobile number + MMID
Minimum ₹2 Lakh Re. 1 Re. 1 Re. 1 Re. 1
Maximum ₹10 Lakhs ₹2lakh* ₹10,000 ₹2lakh ₹10,000


*Upto ₹2 lakhs per transaction (₹10 Lakhs per day)



NEFT(RIB & iMobile)


Transaction Limits/Timing 01.00 h₹– 19.00 h₹ 00.00 h₹– 01.00 h₹
19.00 h₹– 00.00 h₹
2nd & 4th Saturday, Sunday & RTGS Holidays
Minimum Re. 1 Re. 1 Re. 1
Maximum ₹10 Lakh or 25 Lakh (Based on customer segment) ₹2 Lakh ₹2 Lakh



CIB, Instabiz & API Banking – Limits are at user level


Limits 01:00 h₹– 19:00 h₹ 00:00 h₹– 01:00 h₹and 19:00 h₹– 00:00 h₹ 2nd & 4th Saturday, Sunday & RTGS Holidays
Per Transaction Amount Existing Workflow limit mapped to Corporate Maximum ₹2 Lakh Maximum ₹2 Lakh
Number of transactions NA Maximum 5 Maximum 5


Can I make a part pre-payment on my Home Loan Account through NEFT with ICICI Bank?

Yes, ICICI Bank accepts part pre- payment of your Home Loan through National Electronic Funds Transfer (NEFT). In case you want to make part pre-payment on your Home Loan Account through NEFT you need to visit the nearest ICICI Bank branch. For the list of Branches nearest to you please click here. The Service Request number received during branch visit must be mentioned in the remarks column in the NEFT form while making part prepayment through NEFT. Please note that the transactions with invalid request numbers will be rejected. Minimum 1 EMI to be paid as a part pre-payment amount.


Frequently Asked Questions (FAQs) for NEFT

What is National Electronic Funds Transfer (NEFT) system?

What are the advantages of using NEFT system?

What are the channels through which I can initiate an NEFT fund transfer?

What are the transaction steps for NEFT through Internet Banking/Mobile Banking?

What information is required to do an NEFT transaction?

What are the transaction limits for NEFT?