ICICI Bank IMPS – Instant Transfer, Limits & Charges

Transfer Money Using ICICI Bank IMPS through NetBanking With IFSC

1. Step 1: Login to the ICICI Bank web portal by keying in your password and username
2. Step 2: Once you are logged in, go to the home screen. On the left side on the menu bar, click on the ‘Funds Transfer’ option
3. Step 3: Tap the non-ICICI Bank Account option and select transfer using ‘NEFT/RTGS/IMPS-IFSC’
4. Step 4: Tap the ‘IMPS 24/7’ option and click ‘Continue’
5. Step 5: Choose a registered payee and payment option
6. Step 6: Tap the account from which funds have to be transferred if you have multiple accounts
7. Step 7: Fill in details such as transaction remarks, amount, IFSC code and bank account number of the payee
8. Step 8: Confirm details and enter transaction password. Key in debit card grid details
9. Step 9: A confirmation message will be sent after the transaction has been successfully processed

How to Transfer Money Using ICICI Bank IMPS with MMID through NetBanking?

1. Step 1: Login to ICICI bank web portal
2. Step 2: Go to ‘Funds Transfer’ and select ‘IMPS Fund Transfer’ using ‘Mobile Number and MMID’
3. Step 3: Tap the account from which funds have to be transferred if you have multiple accounts
4. Step 4: Key in the beneficiary/payee mobile number and MMID
5. Step 5: Enter transaction amount, confirm details, enter transaction password and debit card grid
6. Step 6: A confirmation message will be sent after the transaction has been successfully processed. A confirmation SMS will also be sent.

Steps to Generate MMID via NetBanking

1. Login to ICICI bank web portal
2. Tap the ‘Generate/Retrieve MMID’ option
3. Choose the account for which MMID needs to be generated
4. Click generate/retrieve MMID

How to Transfer Money Using ICICI Bank IMPS through iMobile with IFSC?

1. Step 1: Open the iMobile app and login
2. Step 2: Go to the bank account menu
3. Step 3: Choose the respective account for IMPS transfer
4. Step 4: Tap on the ‘IMPS Payments’ option and tap ‘IMPS-Account Number’
5. Step 5: Key in the account number,transaction amount and IFSC code of the payee
6. Step 6: Verify details and authenticate transaction using debit card grid details
7. Step 7: Money transfer will be initiated once details are authenticated. A confirmation SMS will be sent.

How to Transfer Money Using ICICI Bank IMPS through iMobile with MMID?

1. Step 1: Open the iMobile app and login

1. Step 2: Go to the bank account menu
2. Step 3: Choose the respective account for IMPS transfer
3. Step 4: Tap on the ‘IMPS Payments’ option and tap ‘IMPS-Mobile Number’
4. Step 5: Key in the MMID,mobile number of the beneficiary/payee and, transaction amount
5. Step 6: Verify details
6. Step 7: Money transfer will be initiated once details are authenticated. A confirmation SMS will be sent.

Steps to Generate MMID on iMobile

1. Log in to iMobile and choose the bank account
2. Tap on the ‘Insta FT(IMPS) and click on ‘Generate MMID’
3. THe MMID will be immediately displayed on screen

How to generate MMID through SMS?

1. SMS MMID (space) and the last 4 digits of your account number to 9222208888. THe MMID will be SMSed to you

How to Receive Funds via ICICI IMPS?

1. Option 1: Through Net Banking or iMobile using IFSC

Share account details such as name, bank account number, bank branch Code and IFSC code

1. Option 2: Using mobile number and MMID through Net Banking or iMobile

Share mobile number and MMID

How to Add Beneficiary/Payee for ICICI Bank IMPS in iMobile?

1. Step 1: Log into iMobile. Enter user ID and MPIN

1. Step 2: Go to the home screen and select ‘Funds Transfer’
2. Step 3: Select ‘Add New Payee’ and choose the type of payee. The payee can be in ICICI Bank, Other bank, etc
3. Step 4: Enter beneficiary/payee name, account number, IFSC code, and account type. Verify details and click ‘Submit’.
4. Step 5: Check details and click ‘Confirm’ to verify the payee. Authenticate the payee through OPT-based verification.
5. Step 6: A message will be displayed after the beneficiary is successfully created

How to Add Beneficiary/Payee for ICICI Bank IMPS through Net Banking?

1. Step 1: Log into ICICI Bank Net Banking
2. Step 2: Go to ‘Payments and Transfer’ and tap the ‘Manage Payees’ option
3. Step 3: Tap on the ‘Add Now’ option under the ICICI Bank Payee section
4. Step 4: Fill in all payee details and tap ‘Next’
5. Step 5: Verify details and tap ‘Submit’
6. Step 6: Proceed to choose the payee and key in the unique reference number that has been sent to your registered mobile number. Click ‘Confirm Payee’.
7. Step 7: A message stating that the payee registration is pending will be displayed. Click on ‘Confirm Payee’
8. Step 8: A confirmation message will be displayed

Timings for ICICI Bank IMPS

Charges for ICICI Bank IMPS

*Please note that the charges availed are for outward remittances. There are non charges for inward credits. Additional charges and taxes are applicable.

IMPS services are available on a 24/7 basis, on weekends and bank holidays.

Benefits of ICICI Bank IMPS

1. iMobile Banking app: The iMobile banking app enables users to transfer funds through IMPS without any hassle, at the click of a button. IMPS transfers can be initiated by providing IFSC code and account number or by providing mobile number and MMID.
2. Speedy transfer, works 365 days: When it comes to IMPS, the fund transfer process is very fast and not as time consuming as other methods of electronic transfer. Also, the main advantage in this type of service is that it is available on 24/7 basis, even on bank holidays.
3. Instant credit: One of the main advantages of IMPS is that the funds are credited instantly to the beneficiary/payee account without any delays. As soon as the fund transfer has been made, the payee receives the money. The transfer process happens on a real-time basis.

Limitations of ICICI Bank IMPS

1. Need to add beneficiary: If money has to be transferred through internet banking using IFSC code, it is a must to add the beneficiary. This process is usually time consuming because one has to wait for a certain period of time, a minimum of 30 minutes, for the beneficiary to be activated.