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    ICICI Credit Card Bill Payment Through IMPS And NEFT

    Would you like to make your credit card bill payments through ICICI IMPS and NEFT? If yes, this page gives you the most sought-after information related to ICICI IMPS and NEFT, which are electronic platforms designed exclusively for transmitting money from one account to another. They have unique features and benefits and are offered by most credit card companies in India. ICICI Bank is one of the leading banks to offer IMPS and NEFT.

    IMPS – The Quickest Credit Card Bill Payment Facility

    Immediate Payment Service (IMPS) is an online banking platform for transferring funds instantly. The service is accessible 24/7 and is provided by National Payments Corporations of India (NPCI). Mobile phones are the channels through which the IMPS facility is provided. In 2010, NPCI ran a pilot for the system of mobile remittance with four partner banking institutions, including ICICI Bank. It extended this facility through partnering with many banks later on. As of date, 53 commercial and 101 urban banking institutions are said to have been offering the IMPS facility countrywide.

    IMPS categories

    1. IMPS money transmission – Person to Person (P2P) using MMID and contact number
    2. IMPS money transmission – Person to Person (P2P) using account number and IFSC code
    3. IMPS commercial remittance – Person to merchants (P2M)

    Prime Features Of ICICI Bank IMPS

    • A 24/7 interbank and interbank electronic fund transfer recipe
    • No holiday restrictions, which means the system works on all types of holidays and even on Saturdays and Sundays.
    • Both payers and beneficiaries receive debit and credit confirmations immediately.
    • Simple to use for transferring money and paying all types of bills, including credit card bills, postpaid mobile bills, utility bills, commute tickets etc
    • An immaculate and faster digital platform
    • 100% safety is ensured for retail and commercial banking transactions
    • A wide network of banking partners offering this service
    • Accessible via online banking and iMobile

    ICICI Bank IMPS Limits

    Limits for transactions Immediate Payment Service (IMPS)
    Internet Banking iMobile
    IFSC Code andAccount Number MMID and Contact Number IFSC Code andAccount Number MMID and Contact Number
    Minimum One rupee One rupee One rupee One rupee
    Maximum Rs.2 lakh Rs.10,000 Rs.2 lakh Rs.10,000

    ICICI Bank IMPS Fees

    Transaction limits Fees
    Up to Rs.10,000 Rs.5 plus GST (applicable)
    Rs.10,000 – Rs.1 lakh Rs.5 plus GST (applicable)
    Rs.1 lakh – Rs.2 lakh Rs.15 plus GST (applicable)

    ICICI Bank IMPS Through Imobile

    Obtain MMID

    The complete form of MMID is Mobile Money Identifier. Usually, it is a 7-digit number offered by a bank upon registration. Both payers and beneficiaries must have an MMID to transfer money through an MMID and a mobile number. The path to generate an MMID is given below:

    iMobile >> Choose Bank Account >> Choose Preferred Account >> Choose Insta FT (IMPS) >> Choose Generate MMID >>

    Funds are immediately transmitted from your account upon confirming your details. An SMS shall be sent you telling you the present status of your transaction.

    How To Pay Credit Card Bills Using MMID And Mobile Number

    The path for paying credit card bills using a mobile number and an MMID is given below:

    iMobile >> Choose Bank Account Menu >> Choose >> Preferred Account for IMPS >> Choose IMPS Payments >> Choose IMPS – Mobile Number >> Furnish the mobile number of beneficiaries plus a 7-digit MMID >> Authenticate your transaction and details >> That’s it!

    How To Make Credit Card Bill Payments Using IFSC And Bank Account Number

    iMobile >> Choose Bank Account Menu >> Choose Preferred Bank Account >> Choose IMPS remittance >> Choose IMPS Bank Account Number >> Furnish the account number of beneficiaries and a 11-digit IFSC code >>Validate your details >> That’s it!

    ICICI Bank Imps Through Internet Banking

    You need to generate an MMID online. Login to the ICICI Bank internet banking portal >> Click the ‘Generate/Retrieve MMID’ tab >> Choose the account number >> Click the ‘Generate/Retrieve MMID’ tab.

    Steps To Follow To Pay Credit Card Bills Using MMID And Mobile Number

    • Login to the ICICI Bank online banking facility using your credentials.
    • Click the ‘Funds Transfer’ tab.
    • Choose IMPS Fund Transfer through MMID and mobile number.
    • Choose the account to be credited.
    • Furnish the mobile number of a payee, the MMID of a payee and the amount to be transferred.
    • Validate the details you have provided.

    Steps To Follow To Remit Credit Card Bills Using IFSC And Account Number

    • Login to the ICICI Bank internet banking facility.
    • Click the ‘Funds Transfer’ tab.
    • Choose Non ICICI Bank Account using NEFT/RTGS/IMPS-IFSC
    • Choose the ‘IMPS (24/7) radio button and click the ‘Continue’ tab.
    • Choose Payee from the list of nominated payees.
    • Choose ‘Make a payment’ option.
    • Choose the account to be debited.
    • Furnish details such as the amount of transaction and transaction remarks.
    • Authenticate the details you have provided.

    National Electronic Fund Transfer (NEFT)

    Like IMPS, NEFT is also an electronic payment and fund transmission system, which is governed by the Central Bank of India. The system was introduced in 2005 and allows the transmission of money amid NEFT-registered banks. It functions based on automated messages and processes transactions in batches. Each day is classified into 23 batches. The NEFT system works between 8:00 a.m. and 7:30 p.m. The system remains closed on Sundays and public holidays. As of today, more than 101 banking entities offer the NEFT payment service.

    Key Features Of ICICI Bank Neft

    • A large network of NEFT-registered banking institutions
    • A reliable and robust digital platform for credit card payments
    • 100% customer-friendly and cost-effective
    • Error-free payment mechanism available on multiple channels
    • Transactions processed within 1 working day
    • Accessible through icicibankpay, online banking, m.dot, Pockets and iMobile

    How To Pay Credit Card Bill Payments Through ICICI NEFT

    Login to the online banking portal of ICICI Bank and then click the ‘Funds Transfer’ tab. Your ICICI Bank credit card must be added as a beneficiary. Provide the necessary details such as your credit card number, transaction code, IFSC code etc. The transaction code is 52 whereas the IFSC code is ICICI0000103. If you hold an ICICI Bank SB Account, you can use the Bill Pay service.

    ICICI Bank NEFT Service Charges

    The amount of transaction Charges
    Less than Rs.10,000 Rs.2.50 plus GST
    Rs.10,000-Rs.1 lakh Rs.5 plus GST
    Rs.1 lakh - Rs.2 lakh Rs.15 plus GST

    Frequently Asked Questions (Faqs) On Icici Bank Credit Card Bill Payment Through IMPS And NEFT

    1. Will I get my funds back if my IMPS transaction is unsuccessful?

      Yes, your account will be credited automatically if your IMPS transaction is unsuccessful within 1 or 2 business days. If you have not received your funds within this period, be advised to speak to the customer care service professionals between 7:00 a.m. and 9:00 p.m. from your validated contact number.

    2. How do I obtain the MMID of my beneficiary?

      You have to receive it from your beneficiaries.

    3. Will I get my funds back if my NEFT transaction is unsuccessful?

      If your NEFT transaction is unsuccessful, your bank account shall be credited within 2-3 business hours.

    4. How can I get the IFSC code of my beneficiaries?

      You can generate the IFSC code of your beneficiaries online.

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