ICICI Bank ICICI Bank

Transfer High-Value Funds Instantly with RTGS

 

ICICI Bank’s Real Time Gross Settlement (RTGS) service enables fast, secure, and real-time transfer of large-value funds across banks in India.

 

Transfer via RTGS

 

 

 

 

 



 

 

Transaction Limits

 

Platforms Minimum Limit Maximum Limit
iMobile ₹2 lakh ₹20 lakh
Internet Banking ₹2 lakh  ₹10 lakh (by default)

 

 



 

 

Charges for Branch-Based RTGS

 

Digital RTGS Charges: ₹0 via iMobile and Internet Banking

Advance Scheduling: Up to 3 working days in advance

Settlement Speed: Typically within 30 minutes of initiation

 

 

 

Amount Charges
Above ₹2 lakh – ₹5 lakh ₹20 + GST
Above ₹5 lakh – ₹10 lakh ₹45 + GST

 

 

 

 

 

How does it work?

RTGS FAQs

What is RTGS?

Real Time Gross Settlement (RTGS) is a payment system that allows real-time and individual settlement of high-value fund transfers through the RBI network.

What are the timings for RTGS?

RTGS is available 24x7, including weekends and holidays, via digital channels.

Are there any charges for using RTGS

RTGS via digital platforms is free. However, transactions at branches incur a nominal charge.

What is the minimum amount required for RTGS?

The minimum transaction amount is ₹2 lakh.

What details are needed for an RTGS transfer?

You need the beneficiary's name, bank name, account number, and IFSC code.

Can I schedule RTGS transactions in advance?

Yes, you can schedule RTGS transactions up to 1 working day in advance.

What if I enter the wrong account number?

Funds are credited solely based on the account number. ICICI Bank recommends double-checking details before confirming a transaction.

What if the funds are not credited to the beneficiary?

If the transaction fails, the funds are returned to your account within an hour by the beneficiary bank.

Is RTGS available at all bank branches?

No, only RTGS-enabled branches offer this service. You can check the list on the RBI website.

How is RTGS different from NEFT?

Unlike NEFT (which settles transactions in batches), RTGS settles transactions individually and in real-time, making it faster for large-value transfers.

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