ICICI Bank IMPS Charges

ICICI Bank IMPS facility helps the customers access their bank accounts 24x7 and transfer funds instantly. It can be conducted through iMobile App or internet banking or through SMS.

Snapshot of ICICI Bank IMPS

ICICI Bank IMPS Charges (outward)

ICICI Bank IMPS Charges (inward)

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How to Register Beneficiary using ICICI Imobile App?

1. Login to ICICI Imobile App using login credentials
2. Click on Fund Transfer - Outside ICICI bank - IMPS - Add new Payee
3. Enter the account number and IFSC Code of the receiver's account number and click on "Add"
4. Verify the details and click on "Confirm"

How to Register Beneficiary using ICICI Internet Banking?

1. Login to ICICI Bank Internet Banking Account using User ID and password
2. Click on "Payment & Transfer" option
3. Select "Fund Transfer"
4. Select an account in other bank through NEFT, RTGS or IMPS with IFSC code
5. Enter the Beneficiary Name, Beneficiary Account Number and IFSC Code
6. Agree to terms and conditions and click on "Submit"
7. Verify the beneficiary details and activate the beneficiary by entering the SMS received on your mobile number

How to Send Money through ICICI Internet Banking using Mobile Number & MMID?

1. Login to icicibank.com
2. Click on Funds Transfer option on the left hand menu bar
3. Select IMPS Fund Transfer using Mobile Number and MMID
4. Select the account from which you wish to transfer funds
5. Enter Payee Mobile number, Payee MMID and transaction amount
6. Verify your details by entering your Internet Banking transaction passwords
7. Enter Your ATM/Debit Card Grid
8. Your transaction gets completed & your payment confirmation number will be displayed on screen
9. You will also receive an SMS informing you about the relevant status

How to Send Money through ICICI Internet Banking using Account Number & IFSC?

1. Login to icicibank.com
2. Click on Funds Transfer option on the left hand menu bar
3. Select Non ICICI Bank Account using NEFT/RTGS/IMPS-IFSC
4. Select IMPS(24*7) radio button and click on continue
5. Select Payee from List of registered Payees
6. Select Make a payment option
7. Select the account from which you wish to transfer funds
8. Enter details like Transaction amount, Transaction remarks
9. Verify your details by entering your Internet Banking transaction passwords
10. Enter Your ATM/Debit Card Grid
11. Your transaction gets completed & your payment confirmation number will be displayed on screen
12. You will also receive an SMS informing you about the relevant status

IMPS Vs NEFT

IMPS Vs NEFT

IMPS Vs RTGS

How to Generate MMID?

Mobile Money Identifier (MMID) is a 7 digit code issued by a participating bank to their Mobile Banking registered customers for availing IMPS service as a beneficiary. You will have different MMIDs for different accounts and all these could be linked to a single registered mobile number. Every customer will get their own unique MMID number. You can get your MMID Number from:

Internet Banking:

• Login to internet banking account
• Click on Fund Transfer option
• Click on Generate / Retrieve MMID.

iMobile:

• Login to iMobile
• Click on Accounts & Deposits
• Click on account number
• More options
• My Account details

Customer Care:

• You may call ICICI Bank Customer Care between 7:00 a.m. and 9:00 p.m. from your registered mobile number.

How to Send Money through Imobile App using Mobile Number and MMID?

1. Go to iMobile on your mobile phone and Select Bank Account Menu
2. Select Desired Account for IMPS Funds Transfer
3. Select IMPS Payments
4. Select IMPS-Mobile Number
5. Enter Beneficiary's 10 digit mobile number and 7 digit MMID^ number followed by the amount you wish to transfer and Remarks
6. Confirm entered details
7. To authenticate, enter the required 3 grid values (eg: I=24,K=54,M=43), of the 16 grid values present at the back of your ICICI Bank Debit Card
8. Once your details are authenticated, the money is transferred instantly from your account. You will also receive an SMS informing you about relevant status

How to Transfer Money through ICICI Imobile App using Account Number & IFSC?

1. Go to iMobile on your mobile phone and Select Bank Account Menu
2. Select Desired Account for IMPS Funds Transfer
3. Select IMPS Payments
4. Select IMPS-Account Number
5. Enter Beneficiary's Account Number and 11 digit IFSC followed by the amount you wish to transfer and Remarks
6. Confirm entered details
7. To authenticate, enter the required 3 grid values (eg: I=24,K=54,M=43), of the 16 grid values present at the back of your ICICI Bank Debit Card
8. Once your details are authenticated, the money is transferred instantly from your account
9. You will receive an SMS informing you about relevant status

How to Transfer Money through ICICI Quick Pay?

For making any bill payment through net banking or mobile banking, we need to register the billers.ICICI Quick Pay is a bill payment service available in iMobile App or internet banking which gives you the facility to pay your bills without registering billers simply by entering the biller details and amount. Mentioned below are the steps to transfer money through ICICI Quick Pay

• Step 1: Login to icicibank.com using your login credentials
• Step 2: From the left hand menu bar, click on "Funds Transfer" option
• Step 3: Select "QuickPay" Option
• Step 4: Enter the Account Number, Name, Amount (Less than Rs. 10,000), IFSC Code
• Step 5: Submit the IFSC code to verify the address and city of the payees bank branch
• Step 6: An OTP will be sent on your registered mobile number
• Step 7: Enter OTP and debit card grid numbers to authenticate the transaction
• Step 8: Your transaction will be completed & your payment confirmation number will be displayed on screen

Merits of ICICI Bank IMPS

• Instant fund transfer
• Minimal charges
• Available 24x7, 365 days (functional even on holidays)
• Cost-effective

Demerits of ICICI Bank IMPS

• Cap on maximu transfer amount: Only upto Rs. 5 lakh can be transferred through IMPS
• All the banks in India do not participate in IMPS system

Which Banks are Offering IMPS?